Proceedings of the 3rd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2021)

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Governance of Family Dynasties in Financial Institutions and Public Listed Companies

Authors
Suwinto Johan1, 2, *, Ariawan Ariawan1
1Faculty of Law, Universitas Tarumanagara, Jakarta, Indonesia
2Faculty of Business, President University, West Java, Indonesia
*Corresponding author. Email: suwintojohan@gmail.com
Corresponding Author
Suwinto Johan
Available Online 21 April 2022.
DOI
10.2991/assehr.k.220404.021How to use a DOI?
Keywords
banking; corporate governance; financial services; independent; public firm
Abstract

The regeneration of a family firm is an exciting thing to discuss. The transition from one generation to the next is a topic of concern. Moreover, the family firms are a group of companies or conglomerate. Conglomeration influences the economy of a country. Good corporate governance has also become an issue that has attracted the attention of businesses in various countries. Good governance will have implications for the sustainability of firms in the long term. Family dynasties influence corporate governance. The Indonesian Financial Services Authority (/OJK) has established the Indonesian Financial Services Authority Regulation (POJK) on good governance for listed companies and financial institutions. However, POJK are still limited to general governance. Governance regarding the influence of family dynasties is still not regulated in the POJK. This research uses a normative judicial method. This research aims to discover how to control family dynasties in the corporate governance of financial institutions and public listed companies in Indonesia. This research concludes that the regulator needs to determine the parties that have a relationship in running a public firm or a financial services firm.

Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 3rd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
21 April 2022
ISBN
10.2991/assehr.k.220404.021
ISSN
2352-5398
DOI
10.2991/assehr.k.220404.021How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

risenwbib
TY  - CONF
AU  - Suwinto Johan
AU  - Ariawan Ariawan
PY  - 2022
DA  - 2022/04/21
TI  - Governance of Family Dynasties in Financial Institutions and Public Listed Companies
BT  - Proceedings of the 3rd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2021)
PB  - Atlantis Press
SP  - 132
EP  - 137
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220404.021
DO  - 10.2991/assehr.k.220404.021
ID  - Johan2022
ER  -