Doctrin Business Judgment Rule Analysis as an Effort to Protect the Law of Directors of Limited Liability Companies in Indonesia and the United States
DOI:
https://doi.org/10.57096/edunity.v2i10.160Keywords:
Business Judgement Rule, Directors, Protection, Limited Liability CompanyAbstract
The provisions and implementation of BJR in Indonesia and the United States need to be studied because the latest Company Laws of both countries have codified the principles of BJR generated by court practice so far where BJR elements are regulated imitatively in the Company Law and accompanied by an explanation of the concept of the core elements of BJR. The formulation of the problems in writing this journal are 1) How are the regulations governing the application of the business judgment rule in Indonesia and the United States? 2) how is the application of the business judgment rule principle as a legal protection effort against directors in Indonesia and the United States? The research method used in this journal is normative juridical research with qualitative data analysis. The results showed that 1) regulations governing the application of the business judgment rule in Indonesia are regulated in Law Number 40 of 2007 concerning limited liability companies and OJK Regulation Number 33 / PJOK.04 / 2014 related to BJR which provides protection for directors and commissioners in carrying out their duties are sufficient. Meanwhile, regulations governing the application of the business judgment rule in the United States are regulated in the MBCA 2016. 2) The application of the business judgment rule principle as an effort to protect the law against directors in Indonesia can be applied to protect directors from legal liability as long as there are no elements of fraud, conflict of interest, unlawful acts and intentional misconduct as in the case of Decision Number 121 K/Pid.Sus/2020. Meanwhile, the application of the business judgment rule principle as an effort to protect the law against directors in the United States in accordance with the scope of the directors' responsibilities as in the Disney dispute case, Delaware Supreme Court.
References
Abas,Muhamad?: Citra,Helfira?; Amalia,Mia; Lawra,Rifqi Devi?;Kamilah,Anita?;Fajrina, Rahma Melisha?;Elwidarifa, Marwenny; Nizwana, Yulia. (2023). Pengantar Hukum Indonesia?: Pemahaman Dasar dalam Sistem Hukum.
Ais, Chatamarrasjid. (2017). “ Fiduciary Duty” Sebagai Standar Para Direksi Dalam Melaksanakan Tugasnya. Jurnal Hukum & Pembangunan, 31(1), 63–72.
Akbar, Muhammad Gary Gagarin. (2016). Business Judgement Rule Sebagai Perlindungan Hukum Bagi Direksi Perseroan Dalam Melakukan Transaksi Bisnis. Justisi Jurnal Ilmu Hukum, 1(1). https://doi.org/10.36805/jjih.v1i1.77
Arifin, Zaenal, & Nindyo Pramono, S. H. (n.d.). 2007 Tentang Perseroan Terbatas (Studi Kasus PT. Mulia Qiyada Jaya, Yogyakarta).
Ashraf, Zeeshan. (2022). The position of the business judgment rule in different corporate cultures and structures?: a study and analysis.
Asikin, Amirudin Zainal. (2004). Pengantar metode penelitian hukum. Jakarta: Raja Grafindo Persada.
Bainbridge, Stephen M. (2004). The business judgment rule as abstention doctrine. Vand. L. Rev., 57, 83.
Basri, Iin Nurfadhilah. (n.d.). Analyzing The Quality Of Work Programs In Manggala District, Makassar City, South Sulawesi Province, Indonesia, Between 2014-2019. Soc. Clim. Chang. 5.0 Soc, 124.
Bektiningsih, Peni. (2008). Pemanfaatan koleksi referensi sebagai bahan rujukan di Perpustakaan Universitas Gadjah Mada. Berkala Ilmu Perpustakaan Dan Informasi, 4(2).
Binawan, Andang, & Soetopo, Maria Grasia Sari. (2022). Implementasi Hak atas Lingkungan Hidup yang Bersih, Sehat, dan Berkelanjutan dalam Konteks Hukum Indonesia. Jurnal Hukum Lingkungan Indonesia, 9(1), 121–156.
Corporate Laws Committee, A. B. A. Business Law Section. (2016). Changes in the Model Business Corporation Act—Proposed Section 2.08. The Business Lawyer, 71(2), 543–546.
Giraldo, Carlos Andrés Laguado, & Cañon, María Paula Díaz. (2005). Modern conception of business judgment rule: a case study on delaware jurisprudence. International Law: Revista Colombiana de Derecho Internacional, 3(5).
Gold, Andrew S. (2006). A Decision Theory Approach to the Business Judgment Rule: Reflections on Disney, Good Faith, and Judicial Uncertainty. Md. L. Rev., 66, 398.
Gunatri, Desak Nyoman Alit, & Sukihana, Ida Ayu. (2019). Akibat Hukum Pengaturan Acquit Et De Charge terhadap Direksi Perseroan. Jurnal Kertha Semaya, 7(3), 1–15.
Harahap, Yahya. (2021). Hukum perseroan terbatas. Sinar Grafika (Bumi Aksara).
Irianto, Sulistyowati. (2017). Metode Penelitian Kualitatif Dalam Metodologi Penelitian Ilmu Hukum. Jurnal Hukum & Pembangunan, 32(2), 155. https://doi.org/10.21143/jhp.vol32.no2.1339
Kunto, Suharsimi Ari. (2010). Prosedur penelitian suatu pendekatan praktek. Jakarta: Rineka Cipta.
Mantili, Rai. (2014). Prinsip Keputusan Bisnis Pemberian Kredit Perbankan dalam Hubungan Perlindungan Hukum. Padjadjaran Jurnal Ilmu Hukum (Journal Of Law), 1(3).
Rissy, Yafet Yosafet Wilben. (2020a). Ketentuan dan Pelaksanaan Business Judgement Rule di Amerika, Australia dan Indonesia. Masalah-Masalah Hukum, 49(2), 160–171.
Rissy, Yafet Yosafet Wilben. (2020b). Ketentuan Dan Pelaksanaan Business Judgement Rule Di Amerika, Australia Dan Indonesia. Masalah-Masalah Hukum, 49(2), 160–171. https://doi.org/10.14710/mmh.49.2.2020.160-171
Sembiring, Sentosa. (2007). Hukum perusahaan tentang perseroan terbatas. Nuansa Aulia.
Soemitro, Ronny Hanitijo. (1990). Metodologi penelitian hukum dan jurimetri. Ghalia Indonesia, Jakarta, 167.
Soliman, Saied M., Hagar, Mohamed, Ibid, Farahate, & El Ashry, El Sayed H. (2015). Experimental and theoretical spectroscopic studies, HOMO–LUMO, NBO analyses and thione–thiol tautomerism of a new hybrid of 1,3,4-oxadiazole-thione with quinazolin-4-one. Spectrochimica Acta Part A: Molecular and Biomolecular Spectroscopy, 145, 270–279. https://doi.org/10.1016/j.saa.2015.01.061
Wagner, Thomas C. (1985). Smith v. van Gorkom, 488 A. 2d 858 (Del. 1985). Florida State University Law Review, 14(1), 109–126.
Wardani, Desty Sari. (2023a). Perlindungan Direksi Terhadap Keputusan Bisnis Melalui Penerapan Prinsip Business Judgement Rules Di Amerika Serikat, Jepang, Dan Indonesia. " Dharmasisya” Jurnal Program Magister Hukum Fhui, 2(3), 8.
Wardani, Desty Sari. (2023b). Perlindungan Direksi Terhadap Keputusan Bisnis Melalui Penerapan Prinsip Business Judgement Rules Di Amerika Serikat, Jepang, Dan Indonesia (Vol. 2).
Widiyono, Try. (2008). Direksi Perseroan Terbatas, Keberadaan, Tugas, Wewenang dan Tanggung Jawab. Ghalia, Jakarta.
Published
Issue
Section
License
Copyright (c) 2023 Berry Gunawan, Ariawan Gunadi
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under aCreative Commons Attribution-ShareAlike 4.0 International (CC-BY-SA). that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
