Professional Documents
Culture Documents
Governance
Miryam Ompusunggu
(1506809721)
Nadia Nur Fadilla
(1506809785)
Salsa Andiani (1506809873)
Sindy Millatina Putri
(1506809910)
Scandal
Poor
management
practices
Fraudulent
financial
reporting
- Is concerned
w/how well
organizations meet
their obligations
- Underpinning the
integrity &
efficiency of
financial markets
Process by
which
organizations
are directed
& controlled
Co
rp
or
go
at
ve e
ce rna
n
W
H
O
?
Managers/Owners
Hire professional
managers
Developmen
t of a
separate
corporate
entity
allowed
organization
to raise
funds from
individual
shareholders
to enlarge
their
operations
Owners
Oversee the financial Public
reporting process, monitor
shareholders
internal controls, monitor
Institutional
invertors
the choices of accounting
policies & procedures, Other
oversee the hiring &corporations
Governance of
the Modern
Corporation
oversee the hiring &
Audit
committee
performance
of external
Compensati
Board of
auditor inon
producing the
companys
financial directors
committee
statement
Oversee
compensation
packages for the
senior executives
of the corporation
CEO, CFO,
COO
Managers,
employees
interest in the
effective running
of the
corporations,
appointed for
specific periods of
Corporate
time
governanc
e
committee
Monitors the
ethical
performance of
the corporation &
oversees
Creditor
compliance
w/the
Financial
companys
institution
internal
code of
Bondholder
ethics, federal, &
state regulations
Stakeholders
Costumers, vendor partners,
state & local entities, community
partners
QUESTIONS FOR
DIAGNOSING YOUR BOARD
Fiduciary Responsibilities
Corporate Governance is about managers fulfilling a fiduciary
responsibilities to the owners of their company
Based on trust
Agency Theory
Conflict of interest
Process and
Machanism
Oversight
To support
Shareholders VS
Managers
Prinsip Dasar
Pedoman Good Corporate Governance
Indonesia
Perbankan
Disclosure
Responsibi
litas
Compliance
Independe
nsi
No other
party
intervention
Objektif
Adil
Stakeholders
Kewajaran
dan
Kesetaraan
More profitable
Faster Sales Growth
Research from Harvard Warthon and Deuthce Bank Study
Depakote
Epilepsi,
Bipolar, dan
Migrain
Dementia
&
Schizophreni
a
Unawful
promotion of
drugs
prescription
Failure to report
safety data
False price
Paxil
Wellburtin
LEGAL
Hak Prerogatif Dokter
?
Doctors must
inform the
patients
Evil Doctors
Fines
<
Revenue and
Profit
Millions $$ VS Billions $$
Lanjoooooooot!!
!
Leading
Organizational
Change
4. Critics argue that fines are too affordable. In other words, a $1 billion fine
for activities that generate several billions of dollars in illegal sales simply
becomes a cost of doing business. Should fines be more punitive? How much
would
be enough?
Pemberian
denda dapat menjadi salah satu cara meminimalisir praktik ilegal.
angka denda tersebut dapat ditinggikan dengan misalnya hitungan denda ialah sebesar cost
sekian tahun ke depan