Implementation of GCG Principles in Distribution of Credit in SOE/BUMD Bank
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Abstract
The aims this study is to find out Implementation of GCG Principles in Distribution of Credit in SOE/BUMD Bank. This study use normative juridical research. The resul in this study shows that The board of directors and management of BUMN/BUMD banks absolutely must understand and apply the principles of GCG, especially in lending by applying the principles of GCG to prevent the occurrence of credit that has the potential to harm the company due to the lack of prudence and responsibility of officers to carry out loans. verification of customer data in the field. State-owned/BUMD Banks are required to be guided by the principles of GCG in implementing management so that the achievement of the goals and objectives, especially through the distribution of banking credit to the public and debtor customers can be obtained properly and maximally or at least not experiencing bad loans which have the potential to cause economic losses for the Bank BUMN/BUMD.
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How to Cite
Purba, I. G. (2021). Implementation of GCG Principles in Distribution of Credit in SOE/BUMD Bank. Polit Journal Scientific Journal of Politics, 1(3), 118-128. https://doi.org/10.33258/polit.v1i3.548
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References
Article 36 paragraph (1) of the RI Law No.19 of 2003 concerning BUMN, stipulates: "The purpose and objective of Perum is to carry out a business aimed at the public benefit in the form of providing quality goods and/or services at affordable prices by the community based on the principles of company management healthy one."
Bismar Nasution, “Towards an Effective and Efficient SOE Management System”, Paper, Presented at a Seminar on the Development and Management System of State-Owned Enterprises, Organized by the Office of the Ministry of State-Owned Enterprises, Medan, December 14, 2005, p. 1.
Bismar Nasution, "Implementation of Good Corporate Governance in Prevention of Credit Misuse”, Paper, Presented at Credit Law Seminar, PT. Bank Rakyat Indonesia, Medan, March 12-13, 2002, p. 2.
Bismar Nasution, “Legal Aspects in the Transparency of the Management of BUMN/BUMD Companies as an Effort to Eradicating KKN”, Paper, Presented at the Workshop on the Role of the Community (Stakeholders) Through the Supervisory Agency for Company Management in Supporting the Implementation of Good Corporate Governance in North Sumatra, April 30, 2003, p. . 5.
Bismar Nasution, “Good Corporate Governance in Legal Perspective", Paper, Delivered at the One Day Seminar on Good Corporate Governance (GCG) PT. State Electricity Company (Persero) and Subsidiaries, Organized by PT. State Electricity Company, Batam, August 29 2019, p. 6.
Bismar Nasution, “Good Corporate Governance in Legal Perspective", Paper, Delivered at the One Day Seminar on Good Corporate Governance (GCG) PT. State Electricity Company (Persero) and Subsidiaries, Organized by PT. State Electricity Company, Batam, August 29 2019, p. 5.
Bismar Nasution, “Legal Aspects in… Op. cit., p. 4.
Bismar Nasution, “Good Corporate Governance in… Op. cit., p. 4.
Bismar Nasution, “Legal Aspects in… Op. cit., p. 2.
Bismar Nasution, “Good Corporate Governance in… Op. cit., p. 1.
Bismar Nasution, “Good Corporate Governance in… Op. cit., p. 7.
Bismar Nasution, “Good Corporate Governance in… Op. cit., p. 2.
Bismar Nasution, “Towards a BUMN Management System… Op. cit., p. 3.
Bismar Nasution, “Good Corporate Governance in… Op. cit., p. 9.
Bismar Nasution, "Implementation of Good Corporate Governance… Loc. cit.
Bismar Nasution, "Implementation of Good Corporate Governance…. Op. cit., p. 1.
Bismar Nasution, “The Responsibilities of the Board of Directors and... Op. Cit., p. 4.
Bismar Nasution, "Implementation of Good Corporate Governance… Op. cit., p. 2.
Mukti Fajar & Yulianto Achmad, Dualism of Normative and Empirical Legal Research, (Yogyakarta: Pustaka Pelajar, 2012), p. 156-159.
M. Marwan & Jimmy P., Op. cit., p. 9. Read also: Henry Campbell Black, Op. cit., p. 19.
Peter Mahmud Marzuki, Legal Research, (Jakarta: Kencana Prenada Media Group, 2005), p. 103. Also read: Bambang Sunggono, Legal Research Methodology, (Jakarta: RajaGrafindo Persada, 1998), p. 101. Comparative legal research is to examine the legal comparison between one law and another, for example between colonial product laws and national product laws, as well as examining the comparison between 2 (two) different legal systems, between European legal systems continental (civil law system) and the Anglo Saxon legal system (common law system) adopted by one country to another, between the legal system of the unitary state and the federal state. It is further stated that the comparative law methodology may be applied by using elements of the legal system as a starting point for comparison, where the legal system itself includes three elements: (1) the legal structure which includes legal institutions, (2) the legal substance concerning the set of rules or behavior of the apparatus; and (3) legal culture regarding the set of values adopted. These three elements can be compared with each other or cumulatively.
Peter Mahmud Marzuki, Op. cit., p. 96.
Siti Sundari Arie, Op. Cit., p. 2.
Widigdo Sukarman, “Efforts to Restructure the Banking and Real Sector,” Business & Political Economy Quaterly Review of the Indonesia Economy, Vol.3, No.1 (January 1999), p. 21.
Zulkarnain Sitompul, Loc. cit.
Bismar Nasution, “Towards an Effective and Efficient SOE Management System”, Paper, Presented at a Seminar on the Development and Management System of State-Owned Enterprises, Organized by the Office of the Ministry of State-Owned Enterprises, Medan, December 14, 2005, p. 1.
Bismar Nasution, "Implementation of Good Corporate Governance in Prevention of Credit Misuse”, Paper, Presented at Credit Law Seminar, PT. Bank Rakyat Indonesia, Medan, March 12-13, 2002, p. 2.
Bismar Nasution, “Legal Aspects in the Transparency of the Management of BUMN/BUMD Companies as an Effort to Eradicating KKN”, Paper, Presented at the Workshop on the Role of the Community (Stakeholders) Through the Supervisory Agency for Company Management in Supporting the Implementation of Good Corporate Governance in North Sumatra, April 30, 2003, p. . 5.
Bismar Nasution, “Good Corporate Governance in Legal Perspective", Paper, Delivered at the One Day Seminar on Good Corporate Governance (GCG) PT. State Electricity Company (Persero) and Subsidiaries, Organized by PT. State Electricity Company, Batam, August 29 2019, p. 6.
Bismar Nasution, “Good Corporate Governance in Legal Perspective", Paper, Delivered at the One Day Seminar on Good Corporate Governance (GCG) PT. State Electricity Company (Persero) and Subsidiaries, Organized by PT. State Electricity Company, Batam, August 29 2019, p. 5.
Bismar Nasution, “Legal Aspects in… Op. cit., p. 4.
Bismar Nasution, “Good Corporate Governance in… Op. cit., p. 4.
Bismar Nasution, “Legal Aspects in… Op. cit., p. 2.
Bismar Nasution, “Good Corporate Governance in… Op. cit., p. 1.
Bismar Nasution, “Good Corporate Governance in… Op. cit., p. 7.
Bismar Nasution, “Good Corporate Governance in… Op. cit., p. 2.
Bismar Nasution, “Towards a BUMN Management System… Op. cit., p. 3.
Bismar Nasution, “Good Corporate Governance in… Op. cit., p. 9.
Bismar Nasution, "Implementation of Good Corporate Governance… Loc. cit.
Bismar Nasution, "Implementation of Good Corporate Governance…. Op. cit., p. 1.
Bismar Nasution, “The Responsibilities of the Board of Directors and... Op. Cit., p. 4.
Bismar Nasution, "Implementation of Good Corporate Governance… Op. cit., p. 2.
Mukti Fajar & Yulianto Achmad, Dualism of Normative and Empirical Legal Research, (Yogyakarta: Pustaka Pelajar, 2012), p. 156-159.
M. Marwan & Jimmy P., Op. cit., p. 9. Read also: Henry Campbell Black, Op. cit., p. 19.
Peter Mahmud Marzuki, Legal Research, (Jakarta: Kencana Prenada Media Group, 2005), p. 103. Also read: Bambang Sunggono, Legal Research Methodology, (Jakarta: RajaGrafindo Persada, 1998), p. 101. Comparative legal research is to examine the legal comparison between one law and another, for example between colonial product laws and national product laws, as well as examining the comparison between 2 (two) different legal systems, between European legal systems continental (civil law system) and the Anglo Saxon legal system (common law system) adopted by one country to another, between the legal system of the unitary state and the federal state. It is further stated that the comparative law methodology may be applied by using elements of the legal system as a starting point for comparison, where the legal system itself includes three elements: (1) the legal structure which includes legal institutions, (2) the legal substance concerning the set of rules or behavior of the apparatus; and (3) legal culture regarding the set of values adopted. These three elements can be compared with each other or cumulatively.
Peter Mahmud Marzuki, Op. cit., p. 96.
Siti Sundari Arie, Op. Cit., p. 2.
Widigdo Sukarman, “Efforts to Restructure the Banking and Real Sector,” Business & Political Economy Quaterly Review of the Indonesia Economy, Vol.3, No.1 (January 1999), p. 21.
Zulkarnain Sitompul, Loc. cit.