STRUKTUR DAN PERAN ORGANISASI DALAM PENERAPAN GOOD CORPORATE GOVERNANCE

Authors

  • Salsabillah Zahwa Khairunnisa universitas islam negeri sumatera utara
  • Nurhalizah Bandaso universitas islam negeri sumatera utara
  • Muhammad Kurniawan Pulungan universitas islam negeri sumatera utara
  • Ahmad Wahyudi Zein universitas islam negeri sumatera utara

DOI:

https://doi.org/10.61722/jiem.v3i12.7833

Keywords:

Keywords: Good Corporate Governance, Organizational Structure, ASEAN CG Scorecard, ROE, Agency Theory, POJK 21/2015, Fraud Triangle

Abstract

This study examines the role and organizational structure in supporting the implementation of Good Corporate Governance (GCG) amid accelerating globalization and technology that create intense business competition. Employing a library research method with descriptive qualitative analysis, the research synthesizes secondary data from ASEAN Corporate Governance Scorecard (ACGS) 2024-2025, OJK SNLIK reports, UGM studies, and BEI company cases such as BRI, Bank Mandiri, and Garuda Indonesia for the 2021-2025 period. Key findings reveal that the two-tier organizational structure (RUPS quorum 80%, independent Board of Commissioners 55%, risk-audit committees based on COSO) serves as a crucial mediator enhancing GCG effectiveness per OECD principles and POJK 21/2015, with strong correlation to ROE (r=0.62r=0.62, p<0.01) and 20-30% market cap increase in state-owned banks. However, persistent barriers including low executive GCG literacy (<50%), conflicts of interest in family firms (70-80% BEI), and weak internal controls (fraud triangle in Garuda case with 40% share price drop) underscore the need for a hybrid local GCG model based on gotong royong and ISO 37001. This research contributes to integrative agency-stewardship-institutional theory, recommending stronger OJK enforcement, 60%+ board independence, and primary SEM-PLS validation in North Sumatra for emerging markets GCG models.​

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Published

2025-12-20

Issue

Vol. 3 No. 12 (2025): Desember

Section

Articles

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