The role of corporate governance codes in enhancing accountability for effective disclosure in Indonesia

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Rotinsulu, Jeannie Connie (2016) The role of corporate governance codes in enhancing accountability for effective disclosure in Indonesia. PhD thesis, Victoria University.


Indonesia’s performance in implementing corporate governance based on formal law has been poor because of weaknesses in its formal legal system. This thesis examines possible alternative approaches to the regulation of disclosure to achieve a better standard of corporate governance including the Indonesian Good Corporate Governance Code. The study considers the regulatory space corporate governance codes can occupy as an alternative regulatory strategy in the Indonesian context. Specifically, it evaluates the ways in which they can improve accountability for disclosure and corporate governance and also strengthen formal law and regulation. Different sources of data from the literature and media data bases and the interviews are used to be triangulated. It first explores the ideas and models in the literatures reviewed on disclosure, voluntary self-regulatory codes, alternative regulatory theories, the relationship between formal and informal law concepts, and comparative law on legal transplants. It examines how Indonesia’s corporate governance codes accommodate these ideas, and in which areas their use may play a more significant role in strengthening formal law and regulation so that regulation becomes more effective, responsive, flexible, legitimate and transparent. It identifies relevant issues in political, social and business cultures which produced problems for formal law and regulation and the way in which the code as a form of alternative regulation may remedy such problems. And then these reviews are triangulated with business media data bases and empirical, semi-structured interviews.

Item type Thesis (PhD thesis)
Subjects Historical > FOR Classification > 1503 Business and Management
Historical > FOR Classification > 1801 Law
Current > Division/Research > College of Law and Justice
Keywords laws, regulations, corporate governance, codes, soft law, transparency, history, disclosure, companies, corporations, company
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