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Abstract

This paper explores the regulatory reform in Indonesia corporate governance along with capital market regulatory framework which has continuously been conducted in response to enhance minority shareholders’ protection and the implementation of corporate governance in public listed companies, particularly in protecting minority shareholder right through three short cases studies. The three cases analysed in this paper show that the implementation of corporate governance in public listed companies is still weak, resulting from the lack of awareness of how to implement corporate governance by the public listed companies, the opportunistic behaviour of public listed companies using loopholes in the regulations to the weaknesses in the enforcement of capital markets law.

Bahasa Abstract

Makalah ini membahas reformasi regulasi dalam tata kelola perusahaan Indonesia bersama dengan pasar modal kerangka peraturan yang telah terus-menerus dilakukan dalam menanggapi untuk meningkatkan perlindungan pemegang saham minoritas dan penerapan tata kelola perusahaan di perusahaan publik, terutama dalam melindungi pemegang saham minoritas kanan melalui tiga kasus pendek penelitian. Tiga kasus yang dianalisis dalam makalah ini menunjukkan bahwa penerapan tata kelola perusahaan di perusahaan publik yang terdaftar masih lemah, akibat kurangnya kesadaran tentang bagaimana menerapkan tata kelola perusahaan oleh perusahaan publik yang terdaftar, perilaku oportunistik perusahaan publik yang terdaftar dengan menggunakan celah dalam peraturan untuk kelemahan dalam penegakan hukum pasar modal.

References

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