Policy implementation: Implementation of Good Corporate Governance in Improving Financial Performance at PT. Perusahaan Gas Negara TBK

SAYYID ABDURRAHMAN S, Wahyudi Kumorotomo, Prof., Dr., MPP.

2021 | Skripsi | S1 MANAJEMEN DAN KEBIJAKAN PUBLIK

State Own Enterprise is part of public entities therefore it becomes locus of the study of Public Policy and Management were public money is allocated. Public Money should manage accordingly based on Good Corporate Governance principles. As PT. Perusahaan Gas Negara is one of the State Own Enterprise in Indonesia that serve the public interest and operates using public money therefore, it is important to investigate how far PT. Perusahaan Gas Negara Tbk have comply with Good Corporate Governance principles. Company as a beneficial agency, always ought to find a way to get the best benefit possible both operationally and financially. As i is stated by Harjito & Martono (2007) that a company's objectives basically consist of three things, namely, achieving maximum profit, prospering shareholders, and maximizing the value of the company as reflected in its share price. Increasing company value is a long-term goal for every company, but not all companies can fulfill it. The achievement of company value can be caused by several factors, among others; profitability, company size, leverage, dividend policy, good corporate governance, and corporate social responsibility (Gusni, 2017).

In its application, the effective use of efficient fans to realize the concept of Good Corporate Governance (GCG), there are at least 5 GCG pillars established by the National Committee for Governance Policy (KNKG), which we are familiar with as the TARIF concept (Transparency, Accountability, Responsibility, Independency, and Fairness) (KNKG, 2012).

Kata Kunci : GCG, KNKG, BUMN