PROS AND CONS OF THE FINANCIAL STATUS OF STATE-OWNED ENTERPRISES AND ITS IMPACT ON GUARANTEEING LEGAL CERTAINTY FOR DIRECTORS IN RUNNING A BUSINESS
Keywords:
BUMN, separated state assets, losses, directors' responsibilityAbstract
State-owned enterprises (BUMN), as one of the economic actors, have significantly contributed to the national economy by organizing public utilities and providing quality goods or services for public needs. This study examines the legal status of BUMN finances as separated state assets and the responsibility of directors due to BUMN losses. The approach method used is normative juridical, descriptive-analytical research specifications, types and sources of data based on secondary data consisting of primary legal materials, secondary legal materials, and tertiary legal materials, data collection techniques based on literature studies, and finally, data analysis is carried out qualitatively. Research results: (1) The source theory argues that the legal status of BUMN finances remains state finances, while the legal entity theory and transformation theory argue that BUMN finances in the form of PT are not state finances but PT finances as a legal entity; and (2) The losses of the Persero are state financial losses so that they can be held accountable in corruption cases, on the other hand from the perspective of corporate law, through the application of the business judgment rule principle, directors cannot be held responsible for company losses if they can prove the consistency of the directors to carry out the fiduciary duty and statutory good faith.
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