Implementation of Business Judgement Rules in Indonesia: Theories, Practices, and Contemporary Cases

Main Article Content

Chandra Noviardy Irawan
https://orcid.org/0000-0002-0652-3633
Pujiyono Pujiyono
https://orcid.org/0000-0001-8244-8092
Irma Cahyaningtyas
https://orcid.org/0000-0003-2911-1268

Abstract

Business judgment rule considerations were born with a background of problems where they are always blamed for losses suffered by the company, the impression that is built basically does not reflect the values ​​in the company’s business operations. This research aims to analyze how is the adoption process Business Judgement Rule in Indonesian law, and how to apply Business Judgement Rule in Indonesian. This research also intended to understand the application of the Business Judgment Rule doctrine in Indonesia. This research is normative juridical research conducted through library research and analyzed by qualitative research methods on the secondary data found. The results of this study indicate that the application of the Business Judgment Rule can provide legal protection for the board of directors for business policies taken even though the business policy results in losses for the company, as long as the business decisions are made with prudence, in good faith, and in the scope of authority and responsibility.

Article Details

How to Cite
Irawan, C. N., Pujiyono, P., & Cahyaningtyas, I. (2022). Implementation of Business Judgement Rules in Indonesia: Theories, Practices, and Contemporary Cases. Indonesian Journal of Advocacy and Legal Services, 4(1), 1-24. https://doi.org/10.15294/ijals.v4i1.53335
Section
Research Article
Author Biographies

Chandra Noviardy Irawan, Police of the Republic of Indonesia

Chandra Noviardy Irawan is a member of the Indonesian National Police since 2006. Currently serving at the Petungkriyono Police, Pekalongan Police, Central Java Police. Currently Chandra Noviardy Irawan is studying for the Doctor of Law program at Diponegoro University since 2020.

Pujiyono Pujiyono, Universitas Diponegoro

Prof. Dr. Pujiyono, S.H., M. Hum. is lecturer at the Faculty of Law, Diponegoro University (Undip) and is in charge of several courses at several universities and study programs including: Unisbank, USM, UNISFAT, and AKPOL. Born in Pati, August 22, 1963, and earned a bachelor's degree at the Faculty of Law Undip in 1988 and continued his undergraduate education at the Master of Law Faculty of Law, Diponegoro University. Then he continued his doctorate in law at the Doctoral Program in Law, Faculty of Law, Diponegoro University. Apart from being an active lecturer, he is also an active resource person at various national seminars, and is an expert on criminal law in various cases. Many books and other scientific writings have been produced. One of the books ever written is "Reconstruction of the Indonesian Criminal Justice System".

Irma Cahyaningtyas, Universitas Diponegoro

Irma   Cahyaningtyas is a lecturer at the   Faculty of Law, Diponegoro University, in Semarang

 

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