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The needs to adjust and/or improve the approaches of corporate governance practices is very important for Indonesia. Nevertheless the need to also touch the people/change the mindset to actually embrace/believe the GCG principles as the core values on how you run the company/organization is very relevant in Indonesia. Furthermore, this is an enticement to all that engage the governance practices that Indonesia need more than just to setup the system, but we definitely need the leadership factor.
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When Lawyer ChooseTo Be A
LIAR
Not
1www.netriva.co.idTuesday, April 17, 12
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Ethics,
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Ethics, Ethics,
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Ethics, EthicsEthics,
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But I didn’t break any rules
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But I didn’t break any rules
you lied, thou
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RULES = ETHICS
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RULES = ETHICS
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Then,Corporate Governance
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Then,Corporate Governance
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GROWSTuesday, April 17, 12
Some Says Corporate Governanceis Something Beyond Compliance
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Some Says Corporate Governance
is New Way of Life
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Some Says Corporate Governance
is New Way of LifeCorporate
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What is Corporate GovernanceReally Means?
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Corporate governance is concerned with holding the balance between
economic and social goals and between individual and communal
goals. The governance framework is there to encourage the efficient use of resources and equally to require
accountability for the stewardship of those resources. The aim is to align
as nearly as possible the interests of individuals, corporations and society‘‘
- Sir Adrian Cadbury, UK Commission on CG
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It creates balances
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Control
kill button
ACTION BUTTON
The King Commission describes Corporate Governance simply as the system by which companies are directed and controlled.‘‘
- King Report on Corporate Governance, South Africa
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It is the system itself
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Corporate Governance is procedures and processes according to which an organization is directed and
controlled. The corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organization – such as the board, managers, shareholders and other
stakeholders – and lays down the rules and procedures for decision-making.
- European Central Bank, Frankfurt
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It specifies distribution of rights & responsibilities
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Corporate Governance is set of rules on how the management set their
accountability toward the shareholders‘‘- Organization for Economic Co-operation & Development
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It creates clear accountability
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Corporate Governance is a relation, system and process pattern which used by company’s organ (BoC, BoD & GSM) to ensuring
shareholder value added continuously, whilst balancing other stakeholder interests and based on regulations prevails
- National Committee on Governance, Indonesia‘‘13
It creates SVA
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Corporate GovernancePrinciples
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fairness
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responsibility
fairness
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accountability
responsibility
fairness
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transparency
accountability
responsibility
fairness
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transparency
accountability
responsibility
fairness OECD
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transparency
accountability
responsibility
fairness
independency?
OECD
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transparency
accountability
responsibility
fairness
independency?+1 in Indonesia
OECD
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different challenge, different legal system
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Bottom line: Corporate Governance is a System to ensure sustainability and
growth of a company
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Does It Works?
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Sadly No
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Sadly NoNeed Proof?
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BNI Won GCG Awards on 2011
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How Can It Works?
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Governance and leadership are the yin and the yang of successful organizations. If you have leadership without governance you risk
tyranny, fraud and personal fiefdoms. If you have governance without leadership you risk atrophy, bureaucracy and indifference
Governance need Leadership, and Leadership Need
Governance‘‘- Mark Goyder (Director of Tomorrow's Company)
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You cannot legislate good
behavior‘‘- Mervyn King S.C. (Chairman: King Report)
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But...HOW can wetouch
the
Peo ples?Tuesday, April 17, 12
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apparent problems
real problems
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The Dark Side is Strong
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buy in
understand
involvement
open minds
align
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facilitate!
buy in
understand
involvement
open minds
align
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Governance Approaches Need Experiential Learning
Why? For People to Embrace It
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Governance Approaches Need Experiential Learning
Why? For People to Embrace It
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BALANCED
UltimatelyWhen systems meets with people, if governance meet leadership, balance created.
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That’s a rap!
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To engage more or discuss more
t: @wyudiantoro
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To engage more or discuss more
t: @wyudiantoro
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Presentation Title Presented by
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Presentation Title Presented by
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Our Previous Engagements
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All Photos and/or images taken without permission from the sites below for a non-commercial purposes only:
Slide 2 - http://ethicsforadversaries.com/2011/02/17/jump-quickly-over-the-gap/Slide 3 – http://www.disneyclips.com/imagesnewb/pinocchio.htmlSlide 5 - http://blog.iese.edu/ener/2011/07/23/where-are-the-most-entrepreneurial-people/Slide 6 - http://hd-wallpaper.org/10__Saint_Light.htmSlide 7 - http://www.kimmenplumbing.com/page6.htmlSlide 9 - http://www.missyuan.com/thread-559746-1-1.htmlSlide 10 - http://www.amparcade.com/shootingSlide 11 - http://www.casinohelper.ca/what-to-know-about-blackjack-insuranceSlide 12 - http://www.belfasttelegraph.co.uk/entertainment/film-tv/reviews/game-of-thrones-review-15143888.htmlSlide 13 - http://mypreretirementmusings.wordpress.com/2011/01/06/delight-in-the-remaining-sunlight/Slide 15 - http://astuteblogger.blogspot.com/2009/05/dawning-of-age-of-lawlessness-obama-wll.htmlSlide 16 - http://www.coolmarriedguy.com/2010/10/01/fashion-advice-consult-a-tailor/Slide 17 - http://www.flickr.com/photos/fordmotorcompany/5577084140/Slide 18 - http://auto.howstuffworks.com/car-driving-safety/safety-regulatory-devices/human-crash-test-dummy2.htmSlide 19 - http://auto.howstuffworks.com/car-driving-safety/safety-regulatory-devices/human-crash-test-dummy.htmSlide 30 - http://www.translationblog.co.uk/language-of-confusion/Slide 31 - http://website-design-templates-backgrounds.blogspot.com/2010/09/ying-yang-symbols-wallpapers-twins.htmlSlide 32 - http://www.kaskus.us/showthread.php?t=2558415Slide 33 - http://www.activistpost.com/2011/06/greece-grinds-to-halt-as-general-strike.htmlSlide 34 -http://howthehellshouldiknow-wallyworld.blogspot.com/2011/08/this-is-just-tip-of-iceberg.htmlSlide 35 - http://subcoolandice.deviantart.com/art/Darth-Vader-episode-3-15321296Slide 36 - http://lifechurchstratford.blogspot.com/2011/04/i-want-to-believe.htmlSlide 37 – internal photo stock of Netriva. PTAR Martabe client.Slide 39 - http://wolflaguerra.com/2011/11/28/balance/
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