Indonesian Company Law

Chang, Soonpeel Edgar

doi:10.4324/9780429503603

Cited by 2 publications

(2 citation statements)

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“…As per the Investment Law, specifically Law Number 25 of 2007 on Capital Investment amended by the Omnibus Law, investors have two options for engaging in business activities in Indonesia through foreign direct investment. They can either establish a new PT PMA (Perseroan Terbatas Penanaman Modal Asing or Limited Liability Company with Foreign Direct Investment) or acquire an existing company within the country [75,76]. Having foreign investment in the form of a PT PMA allows for greater regulatory oversight by Indonesian authorities.…”

Section: Plos Onementioning

confidence: 99%

Asymmetric effects of foreign direct investment and globalization on ecological footprint in Indonesia

Van Tran,

Tran,

Bui Hoang

et al. 2024

PLoS ONE

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The sustainable development goal seems challenging for governments worldwide, including Indonesia, which has faced an ecological deficit due to rapid economic development and population growth since 1999. The study aims to probe the potential asymmetric effects of foreign direct investment and globalization on ecological footprint in Indonesia from 1971 to 2019, which was ignored by previous studies. By adopting the autoregressive distributed lags (ARDL) and nonlinear autoregressive distributed lags (NARDL) approaches, the results clearly reveal that (i) The positive shock of globalization has a positive and statistically significant impact on the ecological footprint; (ii) the impact of foreign direct investment on the ecological footprint is asymmetric in the long run. Accordingly, the study found that the influence of negative changes in foreign direct investment is larger than positive changes. Based on the findings, the study recommends that the Indonesian government carefully consider the long-term consequences of globalization on the environment and reasonable control of foreign direct investment inflows.

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Section: Plos Onementioning

confidence: 99%

Asymmetric effects of foreign direct investment and globalization on ecological footprint in Indonesia

Van Tran,

Tran,

Bui Hoang

et al. 2024

PLoS ONE

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“…As a principle of employee and shareholder management, Good Corporate Governance (GCG), as explained in Indonesia's Article 15 of Act No. 25 of 2007, defines a limited liability company (LLC) as any individual or group of people who initiate any form of foreign or domestic investment (Chang, 2018). The primary GCG doctrines include fairness, responsibility, accountability, and transparency.…”

Section: Introductionmentioning

confidence: 99%

Applications of good corporate governance relating to shareholders, commissioners, and directors of limited liability companies in Indonesia

Hartanto

Sulaksono

2019

Problems and Perspectives in Management

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This critical analysis seeks to explore the inclusivity and feasibility of the legal application of organizational governance principles related to limited liability companies (LLCs) in Indonesia, which are considered essential pillars of Indonesia’s economic stability. The investigators employed the non-probability purposive sampling to select 150 study participants from a population of 250 administrative panel members working in PT Bank Rakyat Indonesia and PT Bank Mandiri. Structured and semi-structured questionnaires were constructed and distributed online through emails. The subjects’ responses were coded manually, using the NVivo software for ease of analysis. The result showed that (1) 84.5% of participants believed that ineffective relationship building approaches, corruption, and inadequate information disclosure mechanisms among internal and external shareholders formed the main challenges to implementation of corporate governance principles in Indonesian LLCs, (2) 97.8% of the respondents believed the Indonesian Company Law (ICL) had achieved significant milestones in guiding the application of sound corporate governance principles by explicitly outlining the roles and responsibilities of stakeholders and providing sufficient protection for minority stakeholders, and (3) 78% of participants agreed that the ICL has introduced and reinforced critical rights and protections to shield shareholders from unfair regulations internally formulated by a company. In its findings, the investigation confirmed that poorly structured information sharing systems, fraud, and ineffective relationship building were the main factors that contributed to current inadequacies. 84.5% of the respondents believed that ineffective relationship building approaches, corruption, and inadequate information disclosure mechanisms among internal and external shareholders formed the main challenges, trends, and issues to the implementation of corporate governance principles in Indonesian LLCs. The study also confirmed that the implementation of GCG related legislations had reinforced the professional duties and obligations of stakeholders, alongside offering legal protections for minority business actors.

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Indonesian Company Law

Cited by 2 publications

References 0 publications

Asymmetric effects of foreign direct investment and globalization on ecological footprint in Indonesia

Asymmetric effects of foreign direct investment and globalization on ecological footprint in Indonesia

Applications of good corporate governance relating to shareholders, commissioners, and directors of limited liability companies in Indonesia

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