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Indonesia's Code of Good Corporate Governance 2006

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Summary

This Code serves as fundamental guidance for companies to exercise their efforts in assuring long-term continuity within the corridor of appro­priate business ethics. Whilst the companies are expected to implement GCG voluntarily, business associations and other institutions are expected to be active in socializing and promoting GCG implementation at a larger scale. The regulators are also expected to adopt basic principles in this Code as reference in formulating their respective regulation to broaden GCG implementation in Indonesia.

Thumbnail image for This Code serves as fundamental guidance for companies to exercise their efforts in assuring long-term continuity within the corridor of appro­priate business ethics. Whilst the companies are expected to implement GCG voluntarily, business associations and other institutions are expected to be active in socializing and promoting GCG implementation at a larger scale. The regulators are also expected to adopt basic principles in this Code as reference in formulating their respective regulation to broaden GCG implementation in Indonesia.
Issuer

Indonesia

Year

2006

Region

Asia

Issuer (type)

National Comittee on Governance (Komite Nasional Indonesia Pusat) (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Professional, Scientific, & Technical Services
  • Public administration
Restrictiveness

Very High

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality
  • SDG 16: Peace, Justice, and Strong Institutions

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