Abstract
The State-Owned Enterprises (“SOE”) sector is an integral part of a country's socioeconomic activities. The main problem faced by SOEs today lies in governance and professionalism because the high performance of SOEs is demanded by all stakeholders. PT APUS is one of the SOEs, in 2019, there was a bribery case for the procurement process which was revealed from a sting operation by the Corruption Eradication Commission. This study aims to provide an overview and analysis of this bribery case. This problem occurred because of a case of abuse of authority in the form of handing over money to the finance director of PT APUS related to a project carried out by PT INTAN. This study uses qualitative methods to provide analysis of bribery cases based on good corporate governance (GCG) principles using the GCG framework from KNKG. The results show that PT APUS has not implemented all principles of GCG properly and effectively. This is due to the weakness of the internal control system over the company's organs and the ineffectiveness of the whistle blowing system at PT APUS.
| Original language | English |
|---|---|
| Title of host publication | Contemporary Accounting Case Studies |
| Pages | 524-539 |
| Volume | 2 |
| Publication status | Published - Mar 2023 |
Keywords
- Corruption
- GCG principles
- procurement process
- whistle blowing system
- state-owned enterprises
