Prinsip, Peran, Penerapan dan ManfaatGood Corporate Governance bagi Organisasniatau Perusahaan
In agency theory, management always has change to do an earning management for their own interest so it will creates financial report thatnot match with the real condition of the organization or business firmbut mostly will affect the owner because they will spend a lot of cost thatthey not recognize to fulfill management interest. Thats whyorganization or business firm need to prevent that risk, one of theconcept or system is good corporate governance which shows to business firm or organization how important is shareholders rights and fairness,the participation of stakeholders to the organization or business firm,disclosures and transparancy, accountabillity, etc.
Good corporate governance is marked by seven characteristics: discipline, transparency,independence, accountability, fairness and social responsibility (King Report,2002).
Social responsibillity also nessesary in implamanting anddeveloping good corporate governance so they will run the organizationinternaly and externaly perfect. By implementing this systemorganization or business firm can receive so many gain such as easier inincreasing the firm capital, lower cost of capital, increase business performance and economic peformance, also positively related withmarket share price. Accountants also have contribution in implementing and developing good corporate governance by accounting or auditing. Key words :
Good Corporate Governance ; Principles of Good CorporateGovernance ; Adventages of Good Corporate Governance.