Publication:
Report on the Observance of Standards and Codes : Corporate Governance Country Assessment, Republic of Indonesia

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-07-23T14:43:41Z
dc.date.available2013-07-23T14:43:41Z
dc.date.issued2004-08
dc.description.abstractIn reforming its corporate governance, and in establishing a rule-based business culture, Indonesia faces many challenges. The key challenges are as follows. Enforcement of laws and regulations needs to be strengthened. Administrative sanctions for violation of securities or disclosure rules may not be adequate. Efforts should be expended to ensure that corporate officials in the position of trust are held accountable when they violate the law. Sanctions should go beyond fines, and the incentive system should be changed so that violators are truly discouraged, and good corporate behavior is promoted. This requires strengthening enforcement capacity of Bapepam for securities violations, and its independence as the securities regulator. The Company Law should explicitly refer to the fiduciary duties of directors and managers for violation of securities laws. Current efforts to amend the Company Law need to be expedited. Further efforts should also be expended to develop alternative (non-judiciary) mechanisms, such as shareholder activism, for encouraging compliance.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/08/6569550/report-observance-standards-codes-rosc-corporate-governance-country-assessment-indonesia
dc.identifier.doi10.1596/14463
dc.identifier.urihttps://hdl.handle.net/10986/14463
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectACCOUNTABILITY
dc.subjectADMINISTRATIVE SANCTIONS
dc.subjectAPPLICABLE LAWS
dc.subjectAUDIT COMMITTEES
dc.subjectAUTHORITY
dc.subjectAUTHORIZATION
dc.subjectBOARD MEMBERS
dc.subjectBOARD OF DIRECTORS
dc.subjectBOARDS OF DIRECTORS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET LAW
dc.subjectCAPITAL MARKETS
dc.subjectCASH FLOW
dc.subjectCENTRAL BANK
dc.subjectCHANGE OF OWNERSHIP
dc.subjectCLASSES OF SHARES
dc.subjectCOMMON SHARES
dc.subjectCOMPANY
dc.subjectCOMPANY LAW
dc.subjectCONFLICT OF INTEREST
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONGLOMERATES
dc.subjectCORPORATE CONTROL
dc.subjectCORPORATE CULTURE
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATION
dc.subjectCORPORATIONS
dc.subjectCRIMINAL SANCTIONS
dc.subjectDECISION-MAKING
dc.subjectDECISION-MAKING PROCESS
dc.subjectDECREE
dc.subjectDEGREE OF CONTROL
dc.subjectDISCLOSURE
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISCLOSURE RULES
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC CRISIS
dc.subjectENVIRONMENTAL ISSUES
dc.subjectEQUITY MARKETS
dc.subjectEXTERNAL AUDITORS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SITUATION
dc.subjectFINANCIAL STATEMENTS
dc.subjectFIRMS
dc.subjectFIXED INCOME
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN SHAREHOLDERS
dc.subjectGOLDEN SHARE
dc.subjectHUMAN RESOURCES
dc.subjectINSIDER TRADING
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINTEREST RATES
dc.subjectINTERNAL AUDIT
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT BANKERS
dc.subjectINVESTMENT CLIMATE
dc.subjectJUDICIARY
dc.subjectLABOR LAW
dc.subjectLABOR UNIONS
dc.subjectLAWYERS
dc.subjectLEGAL DISPUTES
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL OWNER
dc.subjectLEGISLATION
dc.subjectLIMITED LIABILITY
dc.subjectLIMITED LIABILITY COMPANY
dc.subjectLISTED COMPANIES
dc.subjectMANAGEMENT BOARD
dc.subjectMERGERS
dc.subjectMINISTRY OF FINANCE
dc.subjectMINORITY SHAREHOLDER
dc.subjectMINORITY SHAREHOLDERS
dc.subjectNET PROFIT
dc.subjectNUMBER OF SHARES
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPACIFIC REGION
dc.subjectPAID IN CAPITAL
dc.subjectPREEMPTIVE RIGHTS
dc.subjectPREFERENTIAL RIGHTS
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC COMPANIES
dc.subjectPUBLIC COMPANY
dc.subjectPUBLIC INFORMATION
dc.subjectPYRAMID STRUCTURE
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPRESENTATIVES
dc.subjectSANCTIONS
dc.subjectSECURITIES FIRMS
dc.subjectSEVERANCE PAYMENT
dc.subjectSHARE OWNERSHIP
dc.subjectSHAREHOLDER MEETINGS
dc.subjectSHAREHOLDERS
dc.subjectSHAREHOLDING
dc.subjectSTAKEHOLDERS
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectSTATEMENT
dc.subjectSTATEMENTS
dc.subjectSTOCK EXCHANGE
dc.subjectTAX AUTHORITIES
dc.subjectTOTAL MARKET CAPITALIZATION
dc.subjectTRANSPARENCY
dc.subjectVOTING
dc.subjectVOTING SHARES
dc.titleReport on the Observance of Standards and Codes : Corporate Governance Country Assessment, Republic of Indonesiaen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.doiregistration2025-05-07T08:53:34.647240Z
okr.doctypeEconomic & Sector Work::Corporate Governance Assessment (ROSC)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2004/08/6569550/report-observance-standards-codes-rosc-corporate-governance-country-assessment-indonesia
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid265161468269426578
okr.identifier.externaldocumentum000012009_20060201095807
okr.identifier.internaldocumentum6569550
okr.identifier.report35085
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/02/01/000012009_20060201095807/Rendered/PDF/350850IND0Corporate0rosc1cg1idn.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryIndonesia
okr.topicPrivate Sector Development::Privatization
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicGovernance::National Governance
okr.topicSmall Scale Enterprise
okr.topicIndustry
okr.unitOffice of the Vice President (FSEVP)
okr.volume1 of 1
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