The business judgment rule is a concept of business law to provide protection for the directors and commissioners of the company regarding liability due to decisions or policies that harm the ...company. This concept is important to realize creative and innovative directors in carrying out business practices. This study aims to explore the progressive legal aspects of the business judgment rule concept. This research is a normative legal research oriented to the study of the concept of business judgment rule and the theoretical study of progressive law. The primary legal materials in this study include: the 1945 Constitution of the Republic of Indonesia, the PT Law, and the POJK on the Board of Directors and Board of Commissioners of Issuers or Public Companies. Secondary legal materials include: the results of studies and research that discusses the concept of business judgment rule and progressive law. Non-legal materials include legal dictionaries. The results of the study confirm that the essence of the concept of business judgment rule is to optimize the effectiveness and efficiency of the company. This includes providing guarantees for protection and legal certainty for directors and commissioners regarding liability for company losses that can be excluded through the concept of a business judgment rule. The implications of the business judgment rule in the perspective of progressive law can be done by revising Article 97 paragraph (5) of the Limited Liability Company Law to guarantee the limits of the business judgment rule more specifically so as to ensure legal certainty, prioritizing human values in progressive law as guiding values in reading the formulation of Article 97 paragraph (5) PT Law, as well as the role of judges in court through their decisions to develop the concept of a business judgment rule in practice.
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.
Considering the planned amendments under the Financial Market Integrity Strengthening Act, the author first analyzes to what degree IFRS and reporting standards under the German Commercial Code grant ...managers discretion when preparing the annual and consolidated financial statements of a company. She then examines how to exercise such discretion in accordance with § 93 subsection 1 of the German Stock Corporation Act and to what extent accounting decisions are protected by the business judgment rule.
The liability of the insolvency administrator pursuant to sec. 60 InsO is a continuous subject of legal discourse. There are repeated calls for a limitation of the liability risk. This work pursues a ...new approach: the fundamentals and function of the insolvency administrator's liability are examined and, for the first time, compared with the liability of the bankruptcy trustee under U.S. bankruptcy law. Among other things, it is revealed that the bankruptcy trustee is subject to far greater court and creditor control than his German counterpart and that the principle of "concurrence of control and liability," which is essential for the comparatively strict liability under sec. 60 InsO, is not universally implemented.
Tujuan: Penelitian ini bertujuan untuk mengkaji dan menganalisis perlindungan hukum terhadap keputusan bisnis Direksi BUMN yang dikriminalisasi akibat keputusan bisnis tersebut merugikan keuangan ...negara. Metodologi: Penelitian yang bersifat deskriptif ini menggunakan metode penelitian hukum normatif yang mengedepankan pada data sekunder. Pendekatan yang digunakan pada penelitian ini adalah pendekatan perundang-undangan dan pendekatan konseptual.Temuan: Hasil penelitian ini menunjukkan perlindungan hukum yang diberikan kepada Direksi BUMN dalam mengambil keputusan bisnisnya dapat berupa hak imunitas, yang mana dengan hak ini seorang Direksi BUMN dapat terlepas dari pertanggungjawaban pidana apabila Direksi tersebut dapat membuktikan bahwa keputusan bisnis yang telah diambil dan dijalankan telah sesuai dengan prinsip-prinsip bisnis yang layak (business judgement rule) sesuai ketentuan yang termuat dalam Undang-Undang Perseroan Terbatas.Kegunaan: Hasil penelitian ini dimaksudkan agar dapat berkontribusi dalam literatur mengenai perlindungan hukum bagi keputusan bisnis Direksi BUMN yang telah dikriminalisasi.Kebaruan/Orisinalitas: Berbeda dengan penelitian terdahulu, pada penelitian ini menunjukkan business judgment rule doctrine dapat dipergunakan untuk menlindungi keputusan bisnis Direksi BUMN yang merugikan negara dan penelitian ini berfokus pada perlindungan hukum keputusan bisnis Direksi BUMN setelah adanya Putusan Mahkamah Konstitusi Nomor No. 48/PUU-XI/2013 dan 62/PUU-XI/2013.
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