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Volume 05 Issue 03 March 2022

Why is it Important to have Good Corporate Governance in The Management of Foundation?
1Putu Krisna Adwitya Sanjaya, 2M. Rudi Irwansyah, 3I Gede Agus Pertama Yudantara,4A. A. Bgs. Bayu Joni Saputra
1,2,3,4 Faculty of Economic and Business, Udayana University, Indonesia
DOI : https://doi.org/10.47191/ijmra/v5-i3-08

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ABSTRACT:

This study talks about the social foundations that are already in place in the structure of the community's socioeconomic activities, as well as how to use Good Corporate Governance (GCC) in these institutions. A literature review is how this article is shown. It includes references to the legal foundations and the results of previous studies on social foundations. There are rules in place that make it official that the Foundation is a legal entity, Law No. 28 of 2004. People think that the Foundation will be able to become a formal legal activity so that it can act as an umbrella for other organizations that are set up under it. To achieve this goal, it is very important for the Foundation to use Good Corporate Governance (GCG) in its management. This means that it must be transparent, accountable, responsible, and fair. In the future, this will give the Foundation a lot of power when it comes to good management in line with the goals that were set.

KEYWORDS:

Good Corporate Governance, Social Foundation, Institutional, Indonesia

REFERENCES

1) Hanifah, A., & Unayah, N. (2011). Preventing and Combating Drug Abuse Through Community Participation. Socio Informa, 16(1). Https://Doi.Org/10.33007/Inf.V16i1.42

2) Heller, N. A. (2008). The Influence of Reputation and Sector on Perceptions of Brand Alliances of Nonprofit Organizations. Journal Of Nonprofit And Public Sector Marketing, 20(1). Https://Doi.Org/10.1080/10495140802165345

3) Kaihatu, T. S. (2016). Good Corporate Governance and Its Application in Indonesia. Management and Entrepreneurship, 8(1).

4) Maksum, A. (2005). Overview of Good Corporate Governance in Indonesia. University of Northern Sumatra.

5) Rustini, N. K. A., Irwansyah, M. R., Wulandari, N. P., & Dharmayasa, I. P. (2022). The Implementation of Good Corporate Governance in BUMD Institutions. Journal of Economics, Finance and Management Studies, 05(02). Https://Doi.Org/10.47191/Jefms/V5-I2-22

6) Sanjaya, P. K. A. (2018). Business Ethics and Entrepreneurship in Bali's Economic Development: In Hindu Perspective. Dharmasmrti: Journal of Religion and Culture, 18(1). Https://Doi.Org/10.32795/Ds.V1i18.106

7) Septia, P., Rohaini, & Rusmawati, D. E. (2017). Implementation of Foundation Social Functions Based on Foundation Law. Pactum Law Journal, 1(1).

8) Simamora, Y. S. (2012a). Characteristics, Management and Examination of Foundation Legal Entities in Indonesia. Rechts Vinding Journal: National Law Development Media, 1(2). Https://Doi.Org/10.33331/Rechtsvinding.V1i2.95

9) Simamora, Y. S. (2012b). Characteristics, Management and Examination of Foundation Legal Entities in Indonesia. Rechts Vinding Journal: National Law Development Media, 1(2). Https://Doi.Org/10.33331/Rechtsvinding.V1i2.95

10) Somali, S.G. (2018). Foundation Management According to Law no. 28 of 2004 concerning Foundations. Sociohumanity, 20(1). Https://Doi.Org/10.36555/Sosiohumanitas.V20i1.47

11) Sugiyono. (2018). Quantitative, Qualitative and Combination Research Methods (Mixed Methods). Alphabet.

12) Tjager, I. N. (2003). Corporate Governance: Challenges and Opportunities for the Indonesian Business Community. In Mastering Good Corporate Governance.

13) Wiyono, G., & Susilawati, F. (2018). The Community Perception to Good Governance. Journal Of Governance And Public Policy, 5(2), 211–238.

14) Yupita, L., Utama, M. S. U., Setiawina, D., & Dewi, N. M. H. U. (2021). Determinants of The Foundation's Success in Treating Social Welfare Problems in Karangasem Regency, Bali Province | Journal Of Positive Psychology And Wellbeing. Journal Of Positive Psychology And Wellbeing, 5(4). Https://Journalppw.Com/Index.Php/Jppw/Article/View/752

Volume 05 Issue 03 March 2022

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