ANALYSIS OF THE IMPLEMENTATION OF THE FIVE BASIC PRINCIPLES OF ASEAN CORPORATE GOVERNANCE SCORECARD AT PT SEMEN INDONESIA IN 2022

Abstract

This research aims to analyze the implementation of the five basic principles of the ASEAN Corporate Governance Scorecard on PT Semen Indonesia (Persero) Tbk-a public company of the materials construction sector-awarded for the Significantly Developing Domestic PLCs category. This research applies a qualitative descriptive approach, utilizing document content analysis with examination data, data classification and final assessment calculations with 146 assessment components based on the ASEAN Corporate Governance Scorecard standards. There are three rating outcomes in the Level 1 assessment of the ASEAN Corporate Governance Scorecard, consisting of fairly trusted, trusted, and highly trusted. The results of the level 1 assessment research for PT Semen Indonesia (Persero) Tbk in 2022 result in a score of 87.4 (highly trusted). The result of this research is an assessment of the five basic principles of the ASEAN Corporate Governance Scorecard which include shareholder rights, fair attitudes towards shareholders, the role of stakeholders, disclosure and transparency and board responsibility. The assessment component with the highest number of fulfilled criteria from these five principles was achieved by the criteria for shareholders' rights, while the criteria with the fewest fulfilled assessments were found in the board responsibility criteria.