Harun, Harun (2013) Book Review of "Is Corporate Governance Relevant? How Good Corporate Governance Practices Affect Indonesian Organizations" edited by Peter Verhezen, Erry Riyana Hardjapamekas and Pri Notowidigdo. Indonesia, University of Indonesia Press, 2012. ISBN 9789794564790. Bulletin of Indonesian Economic Studies, 49 (2). pp. 246-247.

PDF (Published Version) - Published Version Restricted to Repository staff only

Abstract

[Extract] This book, a collection of theoretical and practical articles on good corporate governance (GCG), proposes that large Indonesian organisations (whether public or private) could improve their global reputations by adopting GCG practices. It also reveals that governance issues are complex and under-explored, particularly in Indonesia.

In the first of three loosely defined thematic categories, authors emphasise the role of GCG practices in eradicating corruption and improving corporate performance. For example, Sri Mulyani's prologue states that ‘[GCG] practices limit the ability of private sector companies to participate in corruption, establish an environment when companies find it more difficult to engage in questionable behavior, help [corporate] board members exercise better judgment [and help] investors receive timely and relevant information (p. xix)’. In a similar fashion, the book's editors, in chapter 1, believe that the widespread adoption of GCG practices by business organisations would help repair the image of Indonesia as one of the world's most corrupt nations in the eyes of global investors. They also implicitly stress that to support a genuine and systematic adoption of GCG practices, the Indonesian government must take strategic measures aimed at avoiding ‘creative, complex and confusing accounting principles’ (p. 13) and improving managerial practices within the public sector (p. 12).

Item ID:	83844
Item Type:	Article (Book Review)
ISSN:	1472-7234
Copyright Information:	© 2013 Harun Harun
Sensitivity Note:	No
Date Deposited:	22 Oct 2024 06:04
Downloads:	Total: 1 Last 12 Months: 1
	More Statistics