Understanding Good Corporate Governance?

Good Corporate Governance (GCG) is a set of principles emphasizing transparency, accountability, and fairness for all stakeholders, as well as the responsibility of a good corporate citizen. In today’s global competitive landscape, implementing GCG is not only a necessity but also a crucial requirement to establish a resilient and sustainable corporate environment.

Our top priority is to manage your businesses responsibly and prudently while ensuring that all stakeholders’ interests are met. You can rely on our expertise to help you establish a corporate culture that values integrity, responsibility, and enhances your existing best practices in corporate governance. Contact us for a consultation today by clicking the button below.

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How to Obtain Indonesian Business Permits and Licenses

According to the PER-01/MBU/2011 regulation by the Minister of State-Owned Enterprises, BUMNs are obligated to evaluate their implementation of GCG. This evaluation should be conducted in a specific manner, which involves:

Assessment/Measurement: The proposal is to establish a system that periodically measures the implementation of Good Corporate Governance (GCG) in state-owned enterprises (BUMN) every two years.

Evaluation/Review:  Develop a comprehensive program to rigorously evaluate the implementation of GCG within BUMN and ensure prompt follow-up on the recommended improvements to enhance its effectiveness.

For the banking sector, GCG reports must be filed to the Central Bank (BI) every semester, with reporting periods from January to June (semester 1) and July to December (semester 2).

The Importance of Implementing Good Corporate Governance

Incorporating good corporate governance practices into your business operations can be highly beneficial. By doing so, your organization can experience positive growth and development. Here are some important things to keep in mind that can have a positive impact on your company’s growth:

  1. Enhancing the company’s value by improving transparency, accountability, responsibility, and fairness can strengthen domestic and international competitiveness.
  2. Promoting professional, transparent, and efficient company management that can help the company to run smoothly and effectively.
  3. Encourage company decision-makers to base their actions on high moral values, comply with applicable laws and regulations, and consider other stakeholders’ interests.
  4. Increasing the company’s contribution to the national economy by creating jobs and generating revenue.
  5. Improving the company’s reputation by maintaining high ethical standards and adhering to best practices.
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Good Corporate Governance Solutions from InCorp Indonesia

As a corporate solutions provider, InCorp Indonesia is committed to consulting you in thoroughly implementing good corporate governance for your organization. Here are tailored services that can help you attain better corporate governance:

We assess the quality of GCG implementation by scoring compliance with GCG criteria and identifying weaknesses. We propose improvement recommendations and monitor consistency while obtaining feedback for policy refinement.

We provide guidance to the board of directors of a company using a tailor-made board manual that covers roles, responsibilities, and authorities. It also includes guidelines on business ethics, member selection and evaluation, committee composition, conflict resolution, and information disclosure.to enhance shareholder trust and long-term performance.

Why Choose InCorp Indonesia?

1
GCG CONSULTANT EXPERTS

Our experts bring extensive industry and compliance know-how to implement good corporate governance.

2
TAILOR-MADE SERVICES

We design the GCG practices based on the company’s vision for development.

3
TIME AND COST-SAVING

We streamline the GCG implementation process to keep the focus on your business strategies.

Daris Salam

COO Indonesia at InCorp Indonesia

With more than 10 years of expertise in accounting and finance, Daris Salam dedicates his knowledge to consistently improving the performance of InCorp Indonesia and maintaining clients and partnerships.

Are you ready to make your
mark in Indonesia?

Get in touch with us.

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What Our Clients Say

China Fortune Land
Development Co,. Ltd
After comparing several consultants, I found InCorp Indonesia is a international and professional organization with good understanding of local market. InCorp Indonesia helped our company to set up our first Indonesian entity, and also helps with day-to-day operation. InCorp Indonesia showed high level of professionalism. Jump start the business in Indonesia, take care of routine process, therefore we can focus more on our core business.
Desmi
Cekindo provided outstanding services in registering our representative office in Indonesia in a timely manner. Their financial services have been helping us a lot — our local employees feel secure working for our company. Cekindo became our reliable partner with quick response on our needs. Their flexibility and full support of our business in Indonesia are the main reasons to continue in our cooperation.
PT AESK
We chose Cekindo because we considered Cekindo as a professional company with a good attitude and a streamlined business model. Cekindo met all our expectations as it created the atmosphere of accountability and transparency. The most significant added values that we received from cooperation with Cekindo are the time we saved and mistakes we avoided.
Sedbergh, Ltd.
We were searching for suitable partner for the begining of our operation on Indonesian market. After short exploration and recommendation from our business partners we decided for Cekindo. Local knowledge, orientation at our business problematics, contacts and language. In a friendly approach combined with professional service. Consultation before the project – avoids so much unnecessary act of “foreigners” worse overview of the Indonesian legislative.
LEC GROUP
We were searching for suitable partner for the begining of our operation on Indonesian market. After short exploration and recommendation from our business partners we decided for Cekindo. Local knowledge, orientation at our business problematics, contacts and language. In a friendly approach combined with professional service. Consultation before the project – avoids so much unnecessary act of “foreigners” worse overview of the Indonesian legislative.
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