Establishment of The Principles of Good Corporate Governance (GCG) Accountability Towards State Owned Enterprises in Indonesia

Abstract

State-Owned Enterprises are business entities whose capital is wholly or substantially owned by the state through direct participation originating from separated state assets. State-Owned Enterprises have an important role in the implementation of the national economy in order to achieve social welfare. Facts on the ground that BUMN are often a source of corruption so that the principle of accountability is not reflected in the management of BUMN. The problems that occur are related to the clarity of organ functions and organ responsibilities in managing the company. The application of the principle of accountability in BUMN must be in line with the principles of Good Corporate Governance (GCG).