Implementation of Good Corporate Governance Principles in State-Owned Enterprises (BUMN) PT.PLN Indonesia

Abstract

For the last few decades, Good Corporate Governance (GCG) has become a strategic position within the company. There are two beliefs underlying that. First, GCG is the key to the company's success to grow and provide long-term benefits and to be able to win competition in the business world. Second, the poor implementation of GCG in the business sector is causing failure. Good Corporate Governance is a system that has the task of aligning the company's vision and mission with the management of the company. GCG implementation in a good company must have four basic principles namely transparancy, accountability, responsibility, Independence, and fairness. The purpose of this research is to find out the implementation of GCG in state-owned enterprises (Government-Owned Enterprises) pt. PLN Indonesia by collecting data from the 2019 annual report of PT.PLN.