Analisis Good Coorporate Governance pada Bank Syariah

(Analisis Independensi Dewan Komisaris pada Bank Syariah di Indonesia)

Abstract

The principles of Good Corporate Governance (GCG) is  important in Islamic banking. Agency problems in Islamic financial institutions are unique from other financial institutions. The different types of  operations  and  contracts  in  Islamic  banks  resulted  in  widening the  separation  and  control  issue  that  is  located  under  the  theory of  Agency.  Managers  at  bank  syariah  not  only  maximize  the shareholder made but also have an obligation to work under Islamic rules and regulations. The other issue is about ownership of shares and double post of Commissioner on the company itself or at other  companies. It violates the principles of GCG that is the  independence of the Board of Commissioners. The Board of Commissioners in  some Islamic banks in Indonesia allegedly still has a stake and a duplicate position. Therefore, based on those explanations, it is  quite important to  conduct  this  study  on  the  implementation  of  GCG  in  Islamic banking  in  Indonesia.  This  samples  of  this  study  are  all  Syariah Bank  in  Indonesia  which  have  been  listed  in  the  Indonesia  stock exchange,  numbered  10  Islamic  banks.  This  study aims  to analyze the corporate governance in Islamic banking in Indonesia especially on  the independence  of  the  Board of  Commissioners. The  benefit  of this research is to investigate the practices of corporate governance especially the independence of the Board of ommissioners in terms of  share  ownership  and  concurrent  positions  on  Islamic  banks  in Indonesia.  Moreover,  based on  the  data analysis, it  was found  that the Board of Commissioners on ten syariah banks in Indonesia has a stake in the company or other companies and/or have a concurrent positions at another  company,  the  Board  of  Commissioners  on one Islamic bank has no shares in the company or other companies and/ or have a concurrent positions on other companies, and one Islamic bank has a stake in the company or other companies and po ssess a concurrent positions on other companies. In conclusion, this proves that the majority of the Board of Commissioners on Syariah Bank in Indonesia as not been independent.