Can business judgment rule be a justification reason in corruption cases in state-owned enterprises in the form of limited liability companies?

Andi Wahyu Wibisana
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Andi Wahyu Wibisana: Faculty of Law - Universitas Pancasila, Jl.Srengseng Sawah, Jagakarsa, Jakarta Selatan-12640 Indonesia

International Journal of Research in Business and Social Science (2147-4478), 2022, vol. 11, issue 6, 560-571

Abstract: This study aims to obtain a scientific, legal construction regarding the position of the business judgment rule in cases of corruption in a State-Owned Enterprise in the form of a Limited Liability Company. This research is normative legal and uses qualitative methods to produce descriptive data. The documents used are secondary data in the form of primary legal materials and secondary legal materials published in the public domain. The findings of this study conclude that efforts are needed to harmonize the business judgment rule doctrine with the Indonesian legal system and criminal law. The Government of Indonesia and the Legislative Body to make a derivative of Law Number 40 of 2007 concerning Limited Liability Companies or Undang-Undang Nomor 40 Tahun 2007 tentang Perseroan Terbatas (UUPT No.40/2007) which regulates more clearly and in detail related to the business judgment rule and its derivatives so that there is a sense of justice and legal certainty and legal protection for stakeholders, law enforcers and directors. Thus, the Directors of State-Owned Enterprise s(SOE) or Badan Usaha Milik Negara Pesero (BUMN) in running the company have accountability rules related to business decisions made to optimize the company's performance achievements, which in turn can have a positive impact on the Indonesian economy. Key Words:Business Judgment Rule, State-Owned Enterprises, Limited Liability Companies, Undang-Undang Nomor 40 Tahun 2007, Indonesia Legal System

Date: 2022
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