Applying the Principles of Good Corporate Governance in Corporate Financial Management

Hasanudin Hasanudin

Authors

Hasanudin Hasanudin Nasional University

Keywords:

Principles, Good Corporate Governance (GCG), Financial Management, Company

Abstract

This study aims to analyze the application of the principles of Good Corporate Governance (GCG) in corporate financial management. The method used in this research is descriptive qualitative research. The results of the research GCG principles that are applied are transparency, accountability, independence, and corporate social responsibility which have an impact on company management where 1) the principle of transparency refers to the openness and clarity of information provided by the company to stakeholders, 2) The principle of accountability emphasizes the importance company to be responsible for policies and actions taken in managing company finances, 3) The principle of responsibility emphasizes the importance of companies to pay attention to the interests of all stakeholders in making decisions and policies, 4) The principle of independence emphasizes the importance of companies to avoid conflicts of interest and maintain independence in decision making decisions, and 5) the principle of fairness emphasizes the importance of fair and equal treatment of all company stakeholders. The implication of this research is that companies must apply GCG principles in their financial management to achieve long-term success.

References

Dewayanto, T. (2010). Pengaruh mekanisme good corporate governance terhadap kinerja perbankan nasional. Fokus Ekonomi: Jurnal Ilmiah Ekonomi, 5(2).

Friendly, E. (2017). Analisis Penerapan Prinsip-Prinsip Good Corporate Governance Pada Perusahaan Milik Keluarga Bidang Perhotelan. Agora, 5(2).

Gozali, N. (2013). Dampak Penerapan Prinsip-Prinsip Good Corporate Governance terhadap Kinerja Perusahaan. Jurnal Ilmiah Mahasiswa Akuntansi, 1(4), 38-43.

Hartanto, F. M. (2009). Paradigma baru manajemen Indonesia: menciptakan nilai dengan bertumpu pada kebajikan dan potensi insani. Mizan Publika.

Hasanudin, H. (2021). Analysis of the Effect of Sales Growth, Inventory Turnover and Growth Opportunities on Profitability and Stock Return. ATESTASI: Jurnal Ilmiah Akuntansi, 4(2), 282-290.

Hasanudin. (2021). The Effect of Good Corporate Governance on Company Profits. Proceedings of the 2nd Annual Conference on blended learning, educational technology and Innovation (ACBLETI 2020), 493-497.

Hermawan, A., Achmad, W., & Yulianah, Y. (2022). The Role of Information and Communication Technology in Accounting Education in The Digital Age. Research and Development Journal of Education, 8(2), 926-933.

Kaihatu, T. S. (2006). Good corporate governance dan penerapannya di Indonesia. Jurnal Manajemen dan kewirausahaan, 8(1), 1-9.

Lekaram, V. (2014). The relationship of corporate governance and financial performance of manufacturing firms listed in the Nairobi securities exchange. International Journal of Business and Commerce, 3(12), 30-57.

Leksono, S. (2013). Penelitian Kualitatif Ilmu Ekonomi dari Metodologi ke Metode. Rajawali Pers, Jakarta.

Mahaendrayasa, P. K. A., & Putri, I. G. A. M. A. D. (2017). Pengaruh prinsip-prinsip good corporate governance terhadap kinerja keuangan Lembaga Perkreditan Desa (LPD) di Kota Denpasar. E-Jurnal Akuntansi Universitas Udayana, 21(2), 970-995.

Mundzir, H. (2016). Harmonization Concept of Good Corporate Governance and Company Culture. Jurnal Dinamika Hukum, 16(1), 85-91.

Pradana, Y. A., & Rikumahu, B. (2014). Penerapan Manajemen Risiko terhadap Perwujudan Good Corporate Governance pada Perusahaan Asuransi. Trikonomika, 13(2), 195-204.

Riantono, I. E. (2014). Pengelolaan manajemen modern dalam mewujudkan good corporate governance: Optimalisasi pencapaian tujuan perusahaan. Binus Business Review, 5(1), 315-322.

Sudarmanto, E., Susanti, E., Revida, E., Pelu, M. F. A., Purba, S., Astuti, A., ... & Krisnawati, A. (2021). Good Corporate Governance (GCG). Yayasan Kita Menulis.

Tjandra, Y. D., & Suryathi, N. W. (2017). Pengaruh Faktor Internal dan Eksternal Perusahaan terhadap Penerapan Good Corporate Governance pada Perusahaan Retail (Studi Kasus pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Periode 2013-2015). Jurnal Ilmiah Akuntansi dan Bisnis, 2(1), 1-15.

Yulianah, S. E. (2022). Metodelogi Penelitian Sosial. CV Rey Media Grafika.