Analysis Of The Application Of Good Corporate Governance (Gcg) Principles In Family Businesses
Abstract
A family business is a company owned, controlled, and run by family members involved in business management. Family businesses are unique as inheritance through generations in one family, showing a close relationship between ownership, management, and family inheritance value. Family businesses can run and grow in the long term, one of which is implementing Good Corporate Governance (GCG). Good Corporate Governance (GCG) can reduce problems arising from internal and external of a company. With the implementation of GCG, it can prevent the occurrence of bad practices. So that stakeholders will cause a sense of security in feelings. The implementation of good corporate governance encourages the creation of a healthy competitive climate. The study uses qualitative research design by conducting a case study approach where researchers look at the actions, activities, and processes of a group of individuals in a family business. In data collection, the techniques used are interview and observation methods. When implementing Good Corporate Governance (GCG), it needs to be emphasized again that the implementation of Good Corporate Governance (GCG) principles can have a positive impact on companies that carry out the principles of Good Corporate Governance (GCG), namely transparency, accountability, responsibility, independence, and fairness.
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