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Agenda
1. CG Overview
2. Disclosure and Transparency
3. Role of the Shareowners & Stakeholders
4. Business Case for CG
5. Implementing CG Change
6. Change Management
7. Trade Practices, Law and Regulation
1. CG Overview
A. Defining the key principles & elements of
GCG Systems
B. Explaining how a CG framework can work
effectively
C. Responding to CG concern & challenges
About COSO…
Originally formed in
1985, COSO is a joint
initiative of five private
sector organizations
and is dedicated to
providing thought
> 600,000 leadership through the
professionals development of
frameworks and
guidance on
enterprise risk
management (ERM)
internal control and
fraud deterrence
Internal Control COSO
The Committee of Sponsoring Organizations of the Treadway
Commission’s (1985) adalah aliansi dari 5 organisasi profesi :
1. Financial Executives International (FEI)
2. The American Accounting Association (AAA)
3. The American Institute of Certified Public Accountants (AICPA)
4. The Institute of Internal Auditors (IIA)
5. The Institute of Management Accountants (IMA)
(formerly the National Association of Accountants)
Misi COSO :
Memperbaiki/meningkatkan kualitas laporan keuangan
entitas melalui etika bisnis, pengendalian internal yang
efektif, dan Corporate Governance.
Corporate Governance means ……
• For efficiency
• For probity
• With responsibility
• Transparent & accountable
PEMEGANG SAHAM
GCG dalam
Modal artian sempit
DIREKSI
Market Price
SUPPLIER
SHAREOWNERS
Oversee
MANAGERS DIRECTORS
Regularly report to
Foundation of Reform
‘’ I see CG as a foundation of reform which strengthens and
modernizes an economy ….’’
Appropriate control
environment & processes
Strong regime of
disclosure & transparency
5 Key element of GCG
Element of GCG
Protection of
Strong Commitment to CG reform
3. Strong regime of
3. Financials prepared according to
IFRS
4. High quality annual report published
5. Web based disclosure
5 Key element of GCG
1. Minority shareowner rights are
4. Protection of minority
formalized
2. Well organized general assembly
share rights
conducted
3. Policy on related party transactions
4. Policy on extraordinary transactions
5. Clearly defined and explicit dividend
policy
5 Key element of GCG
1. The board discusses CG issues and has created
CG committee
2. The company has CG champion
3. A CG improvement has been created
4. Appropriate resources are committed
5. Policies & procedures has been formalized and
distributed to relevant staff
6. A CG code has been developed
7. The company is publicly recognized as a CG
leader
• Strong Commitment to CG reform
The Pillars to Reputation
Komite Nasional Kebijakan Governance (KNKG)
1. Transparansi (Transparency)
Informasi dan kebijakan dalam perusahaan.
2. Akuntabilitas (Accountability)
Basis kerja dan audit.
3. Responsibilitas (Responsibility)
Good Corporate Citizen CSR (Corporate Social Responsibility) dan Compliance.
4. Independensi (Independency)
Tidak dapat diintervensi oleh pihak lain, baik pengaruh internal dan pengaruh
eksternal.
Ira Millstein
Senior Patner, Weil Gotshal & Menges, LLP
Senior Associate Dean, Corporate Governance,
Yale School of Management
Chair Emeritus, the Forum’s Private Sector Advisory Group
Competing Tensions
‘’If management is
about running SHAREOWNERS
& INVESTORS
business, governance
is about seeing that it
is run properly. All
companies need
governing as well as MANAGEMENT BOARD
managing’’.
Prof. Bob Tricker, 1984
Competing Tensions
Responding the Challenges
Response Ideas
Action to take 1.
2.
3.
2.
3.
• Financial
• Non Financial
Financial Disclosure
• Companies should disclose their financial and
operating result
• Board’s responsibilities regarding financial
communications should be disclosed
• Companies should fully disclose significant
transactions with related parties
2.
3.
2.
3.
1. Transparansi (Transparency)
Informasi dan kebijakan dalam perusahaan.
2. Akuntabilitas (Accountability)
Basis kerja dan audit.
3. Responsibilitas (Responsibility)
Good Corporate Citizen CSR (Corporate Social Responsibility) dan Compliance.
4. Independensi (Independency)
Tidak dapat diintervensi oleh pihak lain, baik pengaruh internal dan pengaruh
eksternal.
2.
3.
2.
3.
2.
3.
2.
3.
ENVIRONMENT
(LINGKUNGAN)
Activity: Ideas, Barriers, Solution
ACTION IDEAS BARRIERS SOLUTIONS
What are the priorities ? What is an obstacle Make a suggestion to
Be specific for each idea ? address each barriers
1. 1. 1.
2. 2. 2.
3. 3. 3.
Jenis Perubahan
INKREMENTAL RADIKAL
(continuous improvement) (transformational)
ANTISIPATIF
REDIRECTING
TUNING
(Banting
(Pemeliharaan
Stir/Ganti
Preventif)
Komponen)
ADAPTING
OVERHAULING
REAKTIF
(Ganti Part
(Turun Mesin)
yang Gagal)
Developing an Action Plan
Action 1
• Develop an initianal impression of the company’s governance framework,
policies, and practices, using the CG practices progression matrices.
Action 2
• Encourage the company to undertake a self-assement of CG using the
progression matrices.
Action 3
• Encourage the company to prepare a formal CG improvement plan.
Action 4
• Implement the CG improvement plan.
Action 5
• Review the result periodically
IFC Company Paradigms
• Listed companies
• Family companies
– FOE
– FBE
• Financial institutions
• Privatized transition economy companies
• State-owned enterprises (BUMN)
/Organisasi
Others stakeholders
GCG in Action-Overall Assessment
konteks Indonesia
TRANSPARE
NT
ACCOUNTA
BILITY
RESPONSIB
ILITY
INDEPENDE
NCE
FAIRNESS
Elements of Leading Change
Why Transformation Efforts Fail :
1. Not Establising a Great Enough Sense of Urgency
2. Not Creating a Powerful Enough Guiding Coalition
3. Lacking Vision
4. Undercommunicating the Vision by a Factor of Team
5. Not Removing Obstacles to the New Vision
6. Not Systematically Planning for, and Creating, Short
Term Wins
7. Declaring Victory Too Soon
8. Not Anchoring Changes in the Corporation’s Culture
Business Case for CG Change
2.
3.
2.
3.
“Rencana perubahan perlu
dikomunikasikan untuk menciptakan
kesadaran akan sasaran perubahan,
menginformasikan kemajuan proses
perubahanan dan menimbulkan rasa
keterlibatan dalam proses
perubahan”
7. Trade Practices, Law and Regulation
BIAYA SOSIAL MONOPOLI
RP E
Consumer’s Surplus
WEALTH TRANS
MC
Pm A
C
Pc B
MR D
0 Qm Qc Q
UU
PERSAINGAN
USAHA
Lingk KUHP
HaKI Konsmn
PERDAGANGAN
Arbits
& BISNIS Pajak
KUHPdt Money
Laundry
Pasar
Modal Persahn
Standar
TUJUAN PENGATURAN
KEPENTINGAN UMUM
UU No. 5
IKLIM USAHA YANG KONDUSIF
TAHUN 1999
Pasar Pasar
Tertutu Terbuk Konsumen
p a
Pelaku Usaha
(Pasal 1 ayat 5)
PERJANJIAN DAN PRAKTEK PERDAGANGAN
1. Kondisi:
o Terdapat hambatan masuk secara signifikan
HAMBATAN PERSAINGAN
1. New entrant tidak dapat atau sulit masuk ke pasar
bersangkutan;
Laporan Penyidik
Tim ftonit
Pmrk Pmrk
Klarifika s
s
si Lanju
Pedhl
n t
Pmbtn Pmb
Laporan Put c Pelak
Pel Put s
Usaha Put
ftA
Pelaksanaan Putusan
dan Upaya Hukum
PT
Kasasi(6
Banding(12) )
Penunt(11)
Keber(3)
PENUNT PN
Pem Tambah(5)
Penyer(10) Ket(4) Per Eks(8) Tdk ftnrm(3)
PIDANA TAMBAHAN
a. Pencabutan izin usaha
b. Larangan melakukan kegiatan usaha tertentu
c. Perintah Penghentian kegiatan usaha
PENGECUALIAN
a. Perbuatan dan atau perjanjian Pelaksanaan peraturan
perundang-undangan;
b. Perjanjian yang berkaitan dengan HaKI;
c. Perjanjian penetapan standar teknis;
d. Perjanjian dalam rangka keagenan yang tidak memuat
ketentuan RPM;
e. Perjanjian kerjasama penelitian untuk meningkatkan atau
perbaikan standar hidup masyarakat luas;
f. Perjanjian internasional;
g. Perjanjian dan atau perbuatan tujuan ekspor yang tidak
mengganggu kebutuhan dalam negeri;
h. usaha kecil;
i. Kegiatan usaha koperasi yang secara khusus bertujuan untuk
melayani anggotanya;
j. Menguasai hajat hidup orang banyak.
CONTOH KASUS
Dugaan Pelanggaran Penyalahgunaan Posisi
Dominan (Perkara No. 06/KPPU-L/2004)
Dilakukan oleh PT. Arta Boga Cemerlang (ABC), distributor baterai merk
ABC melalui program promosi yang bernama:
N/A
Heavy Duty
N/A N/A
General Purpose
N/A
Economy Model
Pasal 19 Huruf a
Pelaku usaha dilarang melakukan satu atau beberapa kegiatan, baik sendiri maupun bersama pelaku usaha lain, yang dapat
mengakibatkan terjadinya praktek monopoli dan atau persaingan usaha tidak sehat berupa:
a. menolak dan atau menghalangi pelaku usaha tertentu untuk melakukan kegiatan usaha yang sama pada pasar
bersangkutan; atau
2.
3.
2.
3.