The business judgment gap: Why BUMN investment decisions need a different risk framework in Indonesia

Indonesia’s anti-corruption framework, codified in UU 31/1999 jo UU 20/2001, allows prosecutors to charge state-owned enterprise officials with corruption when their decisions are deemed to have caused state losses (kerugian negara), even in the absence of personal benefit, kickback, conflict of interest, or bad faith. The policy debate around this framework has been active for […] The post The business judgment gap: Why BUMN investment decisions need a different risk framework in Indonesia appe

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