Good corporate governance in Indonesia
Mr. Johan Dharmawan Angundjaja from Indonesia obtained his Doctor of Business Administration degree on 10 March 2014 after successfully completing the Maastricht DBA program at Maastricht School of Management.
Under the supervision of Prof. Dadan U. Dahani, Dr. Dharmawan Angundjaja defended his doctoral thesis titled ‘Concentrated Ownership: A Challenge in Implementing Good Corporate Governance in Family-Controlled Listed Companies in Indonesia’.
The biggest challenge in implementing good corporate governance in Indonesia lies in the concentrated ownership charactering most companies in Indonesia. By using the framework of OECD (Organization for Economic Co-operation and Development) principles on corporate governance and its scorecard analysis, the study recognized that there is a strong connection between concentrated ownership and the quality of corporate governance implementation in family controlled companies (FCCs). Since none of the available theory and previous research provided a solution on how to mitigate this problem, this study aimed to fill up this empirical gap by identifying certain variables within companies practices (the so-called inherent characteristics), which must be either restrained or encouraged to improve the implementation of the corporate governance in Family-Controlled Listed Companies in Indonesia.
For pictures of the DBA defense of Mr. Johan Dharmawan Angundjaja, visit our Facebook or Flickr page.
On the same day three other doctoral students, Mr. Constant Hometowu from Ghana, and Ms. Lamis Selim and Ms. Haifa Alwawi from Egypt, successfully defended their Master of Philosophy theses and obtained their MPhil degrees.
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