Research Article
Violation of Good Corporate Governance (GCG) Principles in the Delivery of 2018 Financial Statements
@INPROCEEDINGS{10.4108/eai.17-7-2019.2303343, author={Martin Batara Tambunan and Budiharto Budiharto and Sartika Nanda Lestari}, title={Violation of Good Corporate Governance (GCG) Principles in the Delivery of 2018 Financial Statements }, proceedings={Proceedings of the 1st International Conference on Science and Technology in Administration and Management Information, ICSTIAMI 2019, 17-18 July 2019, Jakarta, Indonesia}, publisher={EAI}, proceedings_a={ICSTIAMI}, year={2021}, month={1}, keywords={gcg principles capital markets disclosure principles financial statements}, doi={10.4108/eai.17-7-2019.2303343} }- Martin Batara Tambunan
Budiharto Budiharto
Sartika Nanda Lestari
Year: 2021
Violation of Good Corporate Governance (GCG) Principles in the Delivery of 2018 Financial Statements
ICSTIAMI
EAI
DOI: 10.4108/eai.17-7-2019.2303343
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.
