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5 - Corporate Governance and Shareholder Engagement Practices in Indonesia: A Shifting Paradigm

from Part I - Asia

Published online by Cambridge University Press:  10 September 2022

By
Ulya Yasmine Prisandani  and
Kartika Paramita
Edited by
Harpreet Kaur ,
Chao Xi ,
Christoph Van der Elst  and
Anne Lafarre
Harpreet Kaur
Affiliation:
National Law University Delhi
Chao Xi
Affiliation:
The Chinese University of Hong Kong
Christoph Van der Elst
Affiliation:
Tilburg University, The Netherlands
Anne Lafarre
Affiliation:
Tilburg University, The Netherlands
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Summary

This chapter explores the change of paradigm related to corporate governance and shareholder engagement implementation in Indonesian public companies. With an overview of relevant Indonesian laws and regulations, this chapter further examines the development of General Meeting of Shareholders, voting, as well as other means of shareholder engagement in Indonesia including relevant adjustments during the COVID-19 pandemic. Questions concerning shareholder behaviour regarding share ownership and participation in company decision-making processes are answered through data analysis as well as empirical findings. The increasing number of individual shareholders in the Indonesian capital market scene brings about new direction on the practice of corporate governance and shareholder engagement, although the ownership structure in most companies remain concentrated and government higher power in state-owned enterprises still prevails.

Keywords

corporate governanceshareholder engagementshareholder participation
Type
Chapter
Information
The Cambridge Handbook of Shareholder Engagement and Voting , pp. 86 - 106
Publisher: Cambridge University Press
Print publication year: 2022

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