Implementation of Good Corporate Governance

Oct 13, 2025 by vinooalluri.com 89 views

Application of Good Corporate Governance (Good Corporate Governance) in Procurement of Goods and Services at PT. Nusantara Plantation IV

Introduction

The procurement of goods and services is a crucial activity carried out by companies, including State-Owned Enterprises (BUMN) such as PT. Nusantara IV Plantation, to meet the needs that support their performance and productivity. In this context, the application of good corporate governance in the process of procuring goods and services is very important. This is because good governance can guarantee efficiency, transparency, and accountability, as well as prevent abuse of authority and corruption. Good corporate governance is a set of principles and practices that aim to promote transparency, accountability, and fairness in the management of a company.

Challenges in Implementing Good Corporate Governance in BUMN

One of the main problems that is often faced in the procurement of goods and services in the SOE environment is the application of good corporate governance provisions. This is regulated in the Minister of BUMN Regulation No. Per-15/MBU/2012, which is a change of the previous regulation. These provisions require the procurement of goods and services to be carried out by applying principles that include efficiency, effectiveness, competitiveness, transparency, justice, and accountability. The lack of transparency and accountability in the procurement process can lead to corruption and abuse of authority, which can have serious consequences for the company and the society.

Facing this challenge, PT. Nusantara IV plantations need to ensure that all procedures applied in accordance with applicable law in Indonesia. The procurement process must involve providers of goods and services that can be accounted for, namely SOEs, BUMN subsidiaries, or affiliated companies, with the condition that the products or services offered meet the quality standards and reasonable prices. The use of technology can also play a crucial role in promoting transparency and accountability in the procurement process.

Research Methodology

In this study, the method used is a normative legal research supported by empirical data. Data collected includes secondary and primary data, obtained through literature studies and direct interviews. The data analysis method applied is qualitatively, with the delivery of results in the form of a systematic description that explains the application of good governance principles in the procurement of goods and services. The use of qualitative research methods allows for a deeper understanding of the complexities of the procurement process and the challenges faced by PT. Nusantara IV Plantation.

Implementation of Good Corporate Governance

PT. Nusantara IV Plantation has tried to apply the principles of good corporate governance in each stage of the process of procuring goods and services. The application of these principles includes strict supervision of each stage of procurement, ranging from planning, selection of providers, to contract implementation. The use of a procurement manual can also help to ensure that the procurement process is carried out in a transparent and accountable manner.

Transparency in each procurement process is also the main focus, where every information related to procurement must be accessed by all interested parties. This not only guarantees justice, but also increases public confidence in SOEs. In addition, accountability becomes an important element in the procurement of goods and services, which requires that every decision and action can be justified legally and ethically. The use of performance indicators can also help to measure the effectiveness of the procurement process and identify areas for improvement.

Conclusion

The application of good corporate governance in the procurement of goods and services at PT. Nusantara IV Plantation is an important step in improving company performance and integrity. By following the principles stipulated in the applicable regulations, PT. Nusantara IV plantations will not only meet their operational needs, but also contribute to the creation of a more transparent and sustainable business environment. Therefore, it is important for all related parties to support and ensure good governance in each BUMN operational line.

Recommendations

Based on the findings of this study, the following recommendations are made:

PT. Nusantara IV Plantation should continue to apply the principles of good corporate governance in the procurement of goods and services.
The company should ensure that all procedures applied in accordance with applicable law in Indonesia.
The use of technology can also play a crucial role in promoting transparency and accountability in the procurement process.
The company should use a procurement manual to ensure that the procurement process is carried out in a transparent and accountable manner.
The use of performance indicators can also help to measure the effectiveness of the procurement process and identify areas for improvement.

Limitations of the Study

This study has several limitations, including:

The study is limited to the procurement of goods and services at PT. Nusantara IV Plantation.
The study does not cover the procurement of goods and services in other BUMN companies.
The study is based on a qualitative research method, which may not be generalizable to other companies.

Future Research Directions

Future research can build on the findings of this study by:

Conducting a study on the procurement of goods and services in other BUMN companies.
Conducting a study on the use of technology in promoting transparency and accountability in the procurement process.
Conducting a study on the use of performance indicators in measuring the effectiveness of the procurement process.

Conclusion

In conclusion, the application of good corporate governance in the procurement of goods and services at PT. Nusantara IV Plantation is an important step in improving company performance and integrity. By following the principles stipulated in the applicable regulations, PT. Nusantara IV plantations will not only meet their operational needs, but also contribute to the creation of a more transparent and sustainable business environment. Therefore, it is important for all related parties to support and ensure good governance in each BUMN operational line.
Frequently Asked Questions (FAQs) about Good Corporate Governance in Procurement of Goods and Services at PT. Nusantara IV Plantation

Q: What is good corporate governance?

A: Good corporate governance is a set of principles and practices that aim to promote transparency, accountability, and fairness in the management of a company. It involves the implementation of policies and procedures that ensure the company is managed in a responsible and ethical manner.

Q: Why is good corporate governance important in procurement of goods and services?

A: Good corporate governance is important in procurement of goods and services because it ensures that the procurement process is carried out in a transparent and accountable manner. This helps to prevent corruption and abuse of authority, and ensures that the company meets its operational needs in a responsible and sustainable manner.

Q: What are the principles of good corporate governance in procurement of goods and services?

A: The principles of good corporate governance in procurement of goods and services include:

Efficiency: The procurement process should be carried out in a timely and efficient manner.
Effectiveness: The procurement process should be carried out in a way that meets the company's operational needs.
Competitiveness: The procurement process should be carried out in a way that promotes competition among suppliers.
Transparency: The procurement process should be carried out in a transparent manner, with all information related to procurement being accessible to all interested parties.
Justice: The procurement process should be carried out in a fair and just manner, with all suppliers being treated equally.
Accountability: The procurement process should be carried out in a way that ensures accountability, with all decisions and actions being justified legally and ethically.

Q: How can PT. Nusantara IV Plantation ensure that the procurement process is carried out in a transparent and accountable manner?

A: PT. Nusantara IV Plantation can ensure that the procurement process is carried out in a transparent and accountable manner by:

Using a procurement manual that outlines the procedures and policies for procurement.
Ensuring that all information related to procurement is accessible to all interested parties.
Using performance indicators to measure the effectiveness of the procurement process.
Ensuring that all decisions and actions are justified legally and ethically.

Q: What are the benefits of good corporate governance in procurement of goods and services?

A: The benefits of good corporate governance in procurement of goods and services include:

Improved transparency and accountability in the procurement process.
Reduced risk of corruption and abuse of authority.
Improved efficiency and effectiveness in the procurement process.
Improved public confidence in the company.
Improved sustainability of the company.

Q: How can PT. Nusantara IV Plantation measure the effectiveness of the procurement process?

A: PT. Nusantara IV Plantation can measure the effectiveness of the procurement process by:

Using performance indicators to measure the efficiency and effectiveness of the procurement process.
Conducting regular audits and reviews of the procurement process.
Gathering feedback from suppliers and other stakeholders.
Analyzing data and trends related to the procurement process.

Q: What are the challenges of implementing good corporate governance in procurement of goods and services?

A: The challenges of implementing good corporate governance in procurement of goods and services include:

Lack of awareness and understanding of good corporate governance principles.
Lack of resources and capacity to implement good corporate governance principles.
Resistance to change from existing systems and processes.
Difficulty in measuring the effectiveness of the procurement process.

Q: How can PT. Nusantara IV Plantation overcome the challenges of implementing good corporate governance in procurement of goods and services?

A: PT. Nusantara IV Plantation can overcome the challenges of implementing good corporate governance in procurement of goods and services by:

Providing training and awareness programs for employees and suppliers.
Allocating sufficient resources and capacity to implement good corporate governance principles.
Engaging with stakeholders and suppliers to build trust and confidence.
Continuously monitoring and evaluating the effectiveness of the procurement process.