Implementation Of The Business Judgement Rules (Bjr) Doctrine As Legal Protection Against Board Of Directors In Bumn

Agus Sopian

Abstract


This legal writing discusses the implementation of the Business Judgment Rules (BJR) doctrine as legal protection for directors in BUMN. Regulations regarding the concept of Business Judgment Rule cannot be separated from the application of the concept of fiduciary duty. In writing this law, it uses a type of normative legal research, with a statutory approach and a conceptual approach. The legal materials used are primary legal materials, namely Law Number 40 of 2007 concerning Limited Liability Companies and Law Number 19 of 2003 concerning BUMN. Law Number 40 of 2007 concerning Limited Liability Companies basically regulates the protection of Directors in BUMN companies in protecting the rights of directors through the concept of the Business Judgment Rule doctrine as regulated in Article 97 Paragraph (5) and Article 104 Paragraph (4) of the Law -Law Number 40 of 2007 concerning Limited Liability Companies. Through the Business Judgment Rule Doctrine, it has provided legal protection for directors of state-owned companies who cannot be held individually responsible for losses to state-owned companies by proving that the losses were not due to the fault or negligence of the directors of state-owned companies, have made business policies in accordance with good faith and the principle of prudence and the absence of personal conflicts of interest when making business policies by BUMN director.


Keywords


BUMN; Business Judgement Rule; Director.

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References


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Regulation:

Undang-Undang Dasar Negara Republik Indonesia Tahun 1945

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