Corporate governance in people's credit banks in Indonesia: A study of the standards, model and compliance

This thesis is a study of corporate governance standards, model and compliance in People's Credit Banks (PCBs) in Indonesia. Applying a mixture of doctrinal legal research and empirical qualitative research, the thesis reveals that most of the standards are in line with international best practice. The thesis also finds the stakeholder model is acknowledged and PCBs must comply with their governance structure or be punished. However, several weaknesses are identified including that the existing regulations need to be adjusted to make the stakeholder model more applicable, and PCBs need to take strategic steps to comply with their required governance structure