UNIVERSITAS INDONESIA

FACULTY OF ECONOMICS AND BUSINESS

ACCOUNTING DEPARTMENT
UNDERGRADUATES PROGRAM
SYLLABUS
TATA KELOLA PERUSAHAAN DAN MANAJEMEN RISIKO
(CORPORATE GOVERNANCE AND RISK MANAGEMENT)
ECAU6011306
SEMESTER II 2015/2016
No.
1
2
3
4
5
6
7
8
9
10

Lecturers Name

E-mail

Subject Code

ECAU6011306

Subject Title

Tata Kelola Perusahaan (Corporate Governance)

Credit

Year

Prerequisite
Subject

Introduction to Business Law

Accounting Information System
Auditing and Assurance 2
Financial Management
This subject provides students an understanding about the
theory, definition, the importance, the principles, structure and
implementation of corporate governance, as well as an
overview to practice and issues of corporate governance in
Indonesia. In addition, the subject introduces the risk
management framework, the roles of the boards in overseeing
and assuring sound internal control and risk management
system, and the role internal and external auditors in
promoting good corporate governance.

Role
Purpose

Subject
Learning
Outcomes

and

a.

Upon completion of the subject, student will be able to:

I. Technical Competence
Explain theories, needs, benefits, principles and structure of
corporate governance
i.
Explain theories, needs, benefits, principles and
1

ii.
iii.
iv.

structure of corporate governance

Explain the interlink between ownership structure
and corporate governance
Explain public and corporate governance as a
system
Explain the principle of the rights and equitable
treatment of shareholders

v.

b.

d.

e.

Explain the principle of institutional investors, stock

markets and other intermediaries
vi.
Explain the principle of the role of stakeholders and
the concept of corporate responsibility
vii.
Apply the principle of disclosure and transparency
Explain the components of board governance framework.
i.
Explain the principle of board responsibility, compare
and explain the role, responsibilities, and effectiveness
of Board of Commissioners (BOC) and Board of
Directors (BOD)
ii.
Explain the role responsibilities, and effectiveness of
Audit Committee and other committees under the
authority of the Board of Commissioners
Explain an organizations risks and opportunities using a risk
management framework.
i.
Explain the risk management framework, including
financial risk management
ii.
Explain an organizations risks and opportunities using
a risk management framework
Explain the role of internal control, internal auditor and
external auditor in promoting good corporate governance
i. Explain the role of the BOC and BOD in assuring sound
internal control and risk management system
ii. Explain the role of internal auditor in promoting good
corporate governance
iii. Explain the role of external auditor in promoting good
corporate governance
Explain evidence of CG practice in Indonesia
II. Professional Skills, Values and Attitudes
a. Explain the role of etchis in relation to good governance
b. Written communication
i. Able to write a clear and concise essay/report
ii. Able to use appropriate academic rules (referencing
systems, etc.) and format in writing essay/report
iii. Able to apply Audience Centered Approach in their
writing assignments
c. Oral and interpersonal communication
i. Able to communicate clearly and concisely in
presentation and discussion
ii. Display cooperation and teamwork
2

d. Reasoning, Critical Thinking

i. Able to argue and draw conclusion on an issue based on
supportive evidence
ii. Apply reasoning and critical analysis to solve an issue
Topic (In every
session,
evidence of
related CG
practice in
Indonesia is
discussed)

Sessi
on
#
1

Topic

LO

Theories, needs, benefits,

a) I.a(i), b)
overview structure and principles
I.a(ii),
of corporate governance
II.c,
The interlink between ownership
II.d
structure and corporate
governance
2 a) Public governance and corporate b) I.a(iii),c)
governance as a system
I.e,
II.c,
II.d
3
The principle of rights and
I.a(iv),
equitable treatment of
I.e,
shareholders
II.b,
II.c,
II.d
4

The principle of institutional

d) I.a(v),
investors, stock markets and other I.e,
intermediaries
II.b,
II.c,
II.d

The principle of the role of

e) I.
stakeholders and the concept of
a(vi),
corporate responsibility
I.e,
II.b,
II.c,
II.d
The principle of board
f) I.b(i),
responsibility, effectiveness of the
I.e,
BOC and BOD
II.b,
II.c,
II.d
The role responsibilities, and
g) I.b(ii),
effectiveness of Audit committee
I.e,
and other committees under the
II.b,
authority of the BOC
II.c,
II.d
The risk management framework h) I.c(i),
I.e,
II.b,

Method
Active
Lecturing
and Small
Discussion
General
Class
Active
Lecturing,
Small
Discussion,
and Group
Presentation
Active
Lecturing,
Small
Discussion,
and Group
Presentation
Active
Lecturing,
Small
Discussion,
and Group
Presentation
Collaborativ
e Learning

Collaborativ
e Learning

Active
Lecturing,
Small
3

II.c,
II.d
9

10

Organizations risks and

opportunities using a risk
management framework
The role of the BOC and BOD in
assuring sound internal control
and risk management system

i) I.c(ii),
I.e,
II.b,
II.c,
II.d
j) I.d(i),
I.e,
II.b,
II.c,
II.d

11

The role of internal auditor in the k) I.d(ii),

CG framework
I.e,
II.b,
II.c,
II.d
12
The role of external auditor in the l) I.d(iii),
CG framework
I.e,
II.b,
II.c,
II.d
13
The principle of disclosure and
m) I.a(vii)
transparency
,
I.e,
II.b,
II.c,
II.d
14 a) The role of ethics in relation to
b) II.a, c)
good CG
II.b,
II.c,
II.d

Teaching/Learn
ing
Methodology
Assessment
Method in
Alignment with
Intended
Learning
Outcomes

Discussion,
and Group
Presentation
Guest
Lecturing

Active
Lecturing,
Small
Discussion,
and Group
Presentation
Collaborativ
e Learning

Collaborativ
e Learning

Active
Lecturing,
Small
Discussion,
and Group
Presentation
Active
Lecturing,
Small
Discussion,
and Group
Presentation

Teaching method uses active lecturing and class discussions,

in which students achieve the study objectives by discussing
and completing related problems or cases under the guidance
of lecturer. The problems and cases are taken from the text
book and other sources.
Specific Assessment
Methods/Tasks

%
Wei
ghti
ng

Intended Learning Outcomes

to be Assessed
LO I. Tech
Competence

LO II.
Professional
Skills,
4

a
Continuous Assessment
GROUP
Collaborative Learning
(5%)
Small Group
Discussion (10%)
Paper (15%)
INDIVIDUAL
Mid Term Exam (25%)
Final Exam (25%)

Details of
learning
methods

Values and
Attitudes
A b c

100
%
30
%

5
0
%
1
5
%

3
0
%

70
%

3
0
%

3
0
%

2
0
%
1
0
%

1
5
%

Collaborative Learning

(5%)
Participation and

Discussion (10%)
Presentasi (5%)

The specific learning methods used in this subject are:

1. Active Lecturing
The lecturer provides presentation about the related topic
in the session and encourages students to critically discuss
and draw complex connections among ideas related to the
topic.
2. Small Group Discussion
Almost in all sessions, students will participate in a small
group discussion. The discussion is designed to raise their
curiosity as well as to critically solve some assignments.
Students will be divided into groups that consist of not
more than 4 persons and discuss the reading materials
(and also can gather any information besides the reading
materials identify in this syllabus to support their
understanding) related to the assignment. The lecturer
observes and facilitates the discussion as well as notes
each students participation in the discussion. The lecturer
will choose one to three groups and the selected group will
present their notes of discussion to the class. The lecturer
concludes the discussion.
3. Collaborative Learning
Session 6 - 7 and 11 - 12 employs collaborative learning
with simple jigsaw approach, in which students are divided
into groups and discuss the specific cases in Home Group
5

Discussion (HGD) and Focus Group Discussion (FGD). The

cases are divided into several topics for FGD and then all of
FGDs topics will be discussed in HDG. In each discussion
(FGD and HGD) students will assess their peer in a peer
review form. Finally, each group will present the results of
discussions with the lecturer as facilitator. Results of the
discussion and presentation are expected to improve
students understanding about the concept and the
implementation of the topics discussed. This presentation
session is also expected to benefit students to learn from
other focus group discussions.
4. Individual final paper
At the end of the class, each student shall submit a paper
that demonstrates his/her writing skill, reasoning and
critical thinking and covers the topic(s) contained in the
subject.
Student Study
Effort Expected

In Class
Teaching
Presentation
Discussion
Student independent study
Discussion preparation
Final paper preparation

35 Hours
17,5 Hours
7 Hours
10,5 Hours
35 Hours
20 Hours
15 Hours

Reference and
Reading

Compulsory Reading:
General reading (as references in all sessions):
1. OECD, 2015, G20/OECD Corporate Governance
Principles.
2. KNKG, 2006, General Guidelines of Indonesian Good
Corporate Governance (Pedoman Umum Good
Corporate Governance Indonesia).
3. KNKG, 2010, Guidelines of Good Public Governance
(Pedoman Good PublicGovernance).
4. Rules and regulation related to corporate governance:
Indonesian Corporate Act, Capital Market Act, OJK/
Bapepam-LK regulations, BEI regulations, BI regulations,
and other relevant regulations.
5. ASEAN CG Scorecard: (i) ACMF-ADB, ASEAN Corporate
Governance Scorecard: Country Report and
Assessments 2012-2013,
http://www.adb.org/publications/asean-corporategovernance-scorecard-country-reports-andassessments-2012-2013
6. World Bank, 2010, Report on Observance Standards and
Codes: Corporate Governance Country
Assessment:Indonesia,
http://www.worldbank.org/ifa/rosc_cg_idn_2010.pdf
Session 1
Syakhroza, A. (2005), Corporate Governance: Sejarah dan
1. Perkembangan, Teori, Model, dan Sistem Governance, Serta
Aplikasinya pada Perusahaan BUMN, Pidato pengukuhan Guru
Besar UI, Lembaga Penerbit UI, 1-23.
2.

3.
4.
5.

Fox, M. A. and Hamilton, R. T. (1994), Ownership And

Diversification: Agency Theory Or Stewardship Theory. Journal
of Management Studies, 31: 6981.
OECD, 2015, G20/OECD Principles of Corporate Governance.
KNKG, 2006, General Guidelines of Indonesian Good Corporate
Governance.
Claessens, S. and Yurtoglu, B. (2012), Corporate Governance
and Development An Update, IFC.

Session 2
1.
2.
3.

OECD (2015), CG Principle 1

KNKG, 2010, Guidelines of Good Public Governance
Klapper & Love, 2004, Corporate governance, investor
protection and performance in emerging markets, Journal of
Corporate Finance 10, 703-728.

Session 3
7