Violation of Good Corporate Governance (GCG) Principles in the Delivery of 2018 Financial Statements

Tambunan, Martin Batara and Budiharto, Budiharto and Lestari, Sartika Nanda (2021) Violation of Good Corporate Governance (GCG) Principles in the Delivery of 2018 Financial Statements. In: ICSTIAMI 2019, 17-18 July 2019, Jakarta, Indonesia.

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Abstract

The application of the principle of Good Corporate Governance (GCG) is one of the important steps to increase and maximize company value, and encourage professional, transparent and efficient company management in order to continue to exist in global competition. However, along with its development, demands for GCG implementation for public companies namely the Capital Market sector is very important. The application of GCG principles in the Capital Market sector is closely related to the principle of disclosure. So, by applying the principles of GCG, it is expected to have a significant positive effect on the quality of financial statements submitted by the company. However, in the practice of PT Garuda Indonesia, there were violations in submitting its 2018 financial statements which led to the imposition of administrative sanctions by the Financial Services Authority, the Indonesia Stock Exchange and the Ministry of Finance.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: gcg principles capital markets disclosure principles financial statements
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: EAI Editor IV
Date Deposited: 16 Dec 2021 10:41
Last Modified: 16 Dec 2021 10:41
URI: https://eprints.eudl.eu/id/eprint/9037

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