Definition of Good Corporate Governance (GCG) is the system which organizes and manages the corporate to get value added for all stakeholders.
The concept of Good Corporate Governance (GCG) can be understood as the concept of good corporate management. There two things emphasized in this concept are:
1. The importance of the right of the shareholder to get information accurately and punctually.
2. The obligation of the corporate to have disclosure accurately, punctually and transparent for all information of the work of the corporate, of the proprietary and stakeholder.
The application of the principle of Good Corporate Governance (GCG) in business world nowadays is a demand in order to maintain the existence of the corporate in global competition. The application of GCG in a certain corporate has strategic goals.
The goals of the application of Good Corporate Governance (GCG) are below:
a. to develop and to increase the value of the corporate.
b. to manage the resource and the risk more effectively and efficiently.
c. to increase the discipline and the responsibility from the organ of the corporate for keeping the importance of shareholders and of corporate stakeholders.
d. to increase the contribution of the corporate (especially the corporate of the government) into national economic.
e. to increase the national investment.
f. to success the privatization program of the corporate of the government.
