Literature Study: Implementation of Good Corporate Governance (GCG) in State-Owned Company PT Bank Mandiri Tbk.

Gloria Panjaitan; Rani Tamba; Renny Maisyarah

doi:10.47134/jampk.v2i4.677

Authors

Gloria Oktavania Panjaitan Universitas Pembangunan Panca Budi Medan
Rani Rosya Tamba Universitas Pembangunan Panca Budi Medan
Renny Maisyarah Universitas Pembangunan Panca Budi Medan

DOI:

https://doi.org/10.47134/jampk.v2i4.677

Keywords:

GCG, Company Performance, Organizational Structure, Bank Mandiri

Abstract

This study aims to examine the application of Good Corporate Governance (GCG) principles at PT Bank Mandiri (Persero) Tbk as one of Indonesia's government-owned banks. The implementation of GCG is believed to be able to improve company performance through effective risk control and create trust from various stakeholders, including the public, investors, and the government. Bank Mandiri has won various awards for GCG implementation, including the title of "Highly Trusted" based on the Corporate Governance Perception Index (CGPI) for 18 consecutive years. This research also highlights the transformation of Bank Mandiri after the consolidation of four state-owned banks, as well as the company's strategy to face market dynamics until 2024 through strengthening the Wholesale and Retail Banking segments, digitizing services, optimizing CASA funds, and synergies between subsidiaries. GCG principles applied include transparency, accountability, responsibility, independence, and fairness, which serve as the foundation in realizing healthy, sustainable, and stakeholder-oriented corporate governance.

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