Proceedings of the International Conference on Economic, Management, Business and Accounting, ICEMBA 2022, 17 December 2022, Tanjungpinang, Riau Islands, Indonesia

Research Article

Governance of Village-Owned Enterprises (VOE) for Village Economic Development: Case Studies of VOE Maju Mandiri, Bejiharjo

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  • @INPROCEEDINGS{10.4108/eai.17-12-2022.2333221,
        author={Adelia  Oktarina and Alkadri  Alkadri and Erwina  Widjajawati and Rucianawati  Rucianawati and Saryanta  Saryanta},
        title={Governance of Village-Owned Enterprises (VOE) for Village Economic Development: Case Studies of VOE Maju Mandiri, Bejiharjo},
        proceedings={Proceedings of the International Conference on Economic, Management, Business and Accounting, ICEMBA 2022, 17 December 2022, Tanjungpinang, Riau Islands, Indonesia},
        publisher={EAI},
        proceedings_a={ICEMBA},
        year={2023},
        month={6},
        keywords={good corporate governance (gcg)-1; governance-2; voe-3},
        doi={10.4108/eai.17-12-2022.2333221}
    }
    
  • Adelia Oktarina
    Alkadri Alkadri
    Erwina Widjajawati
    Rucianawati Rucianawati
    Saryanta Saryanta
    Year: 2023
    Governance of Village-Owned Enterprises (VOE) for Village Economic Development: Case Studies of VOE Maju Mandiri, Bejiharjo
    ICEMBA
    EAI
    DOI: 10.4108/eai.17-12-2022.2333221
Adelia Oktarina1,*, Alkadri Alkadri1, Erwina Widjajawati1, Rucianawati Rucianawati1, Saryanta Saryanta1
  • 1: Directorate of Economy, Employment and Regional Development Policy, National Research and Innovation Agency, BJ Habibie Building, Jl. M.H. Thamrin No.8, Jakarta, Indonesia
*Contact email: adelia.oktarina@brin.go.id

Abstract

Efforts to improve the economy of rural communities through Village-Owned Enterprises (VOE) have been carried out by many villages in Indonesia. As a basis for VOE management, the application of good governance principles in accordance with laws and regulations is one of the keys to VOE's success in developing the village economy. VOE Maju Mandiri is one of those VOE that implements the basic principles of VOE governance in developing businesses that are able to generate economic benefits to the community. This study aims to analyze and describe the application of the principles of Good Corporate Governance (GCG) in VOE governance to encourage village economic development. This study uses a descriptive qualitative method. The results of the study show the application of GCG principles in VOE governance as control and prevention of resource abuse which is manifested in the form of Standard Operational Procedures (SOP).