This analysis evaluates GCG regulations impacting business continuity in public companies during the COVID-19 crisis.
The COVID-19 pandemic has had a significant impact on the Indonesian economy, especially for public companies. To ensure the continuity of company operations in crisis conditions, the implementation of Good Corporate Governance (GCG) is very important. This study aims to analyze whether existing GCG regulations, both issued before and after the pandemic, are effective enough in supporting the sustainability of public companies in Indonesia. Based on various regulations issued by the Financial Services Authority (OJK) and related legislation, this study found that although GCG regulations already exist, their implementation still faces challenges, especially in maintaining a balance of interests between companies, employees, and creditors. Therefore, this study recommends the need for more flexible and comprehensive regulatory reforms to support more effective GCG implementation in the midst of a crisis.
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Hasna et al. (2025) studied this question.
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