 Procurement Policy in Regional-Owned Enterprises: A Pathway to Good Corporate GovernanceAji Setya Budi, Retno Mawarini Sukmariningsih, Mochamad Riyanto and Afif Noor Journal of Management World, 2024, vol. 2024, issue 4, 230-234 Abstract: Goods and services procurement policies in Regional-Owned Enterprises (ROEs) are of utmost importance in supporting good corporate governance (GCG). This study critically analyzes the implementation of these policies in ROEs and their impact on GCG. The research method used is a qualitative approach, with data collected from a comprehensive analysis of related documents such as laws, regulations, and literature. The results highlight that while ROEs have embraced the principles of transparency and accountability, the main challenges lie in more effective supervision and risk management. Moreover, reliance on complex procedures and lack of human resources training are slowing down the optimal implementation of GCG. The recommendations from this study, which include increasing transparency, strengthening internal control systems, and continuous training for human resources, are urgent actions needed to ensure a more effective GCG implementation in the procurement of goods and services in ROEs. Keywords: Procurement Policy; Goods and Services; Regional-Owned Enterprises; Good Corporate Governance. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bjx:jomwor:v:2024:y:2024:i:4:p:230-234:id:368 Access Statistics for this article More articles in Journal of Management World from Academia Publishing Group |
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