| Summary: | The financial crisis in East and Southeast Asia in 1997 that hit Thailand,
South Korea, Malaysia, the Philippines and Indonesia, the destruction of two
major companies, namely Enron and WorldCom, as well as the explosion of the
subprime mortgage crisis in the United States remind us of the importance of
implementing Corporate Good Governance (GCG). Recognizing the importance
of good corporate governance practices as global needs that can not be avoided, in
2000 the Ministry issued a regulation requiring state implementation of GCG in
SOEs (Kepmen PM-PBUMN No.23/M-PM.PBUMN/2000). Broad scope of stateowned
business and related to the welfare of the majority, ranging from the fields
of electricity, telecommunications, ports, airports, etc. play an important role for
the national economy. Therefore, the management of SOEs is trustworthy,
transparent and professional become a necessity in promoting a conducive
investment climate, not least for the PT Pembangkitan Jawa-Bali (PT PJB) as one
of the SOEs in the electricity sector which is a subsidiary of PT PLN (Persero).
The purpose of this study was to evaluate the implementation of GCG in
2009 at PT PJB. This study uses primary and secondary data. Primary data of the
interview with the company. Secondary data derived from company
documentation.
To evaluate the implementation of GCG, this study used a qualitative
descriptive analysis method. The results showed that basically GCG PT PJB has
applied in accordance with applicable regulations, although certain aspects are
still needed some improvement.
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