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Implementation of Business Judgement Rules in Indonesia: Theories, Practices, and Contemporary Cases

Indonesian Journal of Advocacy and Legal Services · Vol. 4 No. 1 (2022) · pp. 1–24

DOI
10.15294/ijals.v4i1.53335
ISSN
2686-2611, 2686-2085
Published
2022-04-26
Publisher
Faculty of Law, Universitas Negeri Semarang
Language
eng
License
creativecommons.org/licenses/by-nc-sa/4.0

Abstract

Business judgment rule considerations were born with a background of problems where they are always blamed for losses suffered by the company, the impression that is built basically does not reflect the values ​​in the company’s business operations. This research aims to analyze how is the adoption process Business Judgement Rule in Indonesian law, and how to apply Business Judgement Rule in Indonesian. This research also intended to understand the application of the Business Judgment Rule doctrine in Indonesia. This research is normative juridical research conducted through library research and analyzed by qualitative research methods on the secondary data found. The results of this study indicate that the application of the Business Judgment Rule can provide legal protection for the board of directors for business policies taken even though the business policy results in losses for the company, as long as the business decisions are made with prudence, in good faith, and in the scope of authority and responsibility.

Collaboration network of the authors

28 authors · 67 co-authorship links

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • State University of Semarang
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Umi Khaerah PatiAffiliation unknown2
Pranoto PranotoAffiliation unknown2
Kukuh TejomurtiAffiliation unknown2
PujiyonoAffiliation unknown2
Barda Nawawi AriefAffiliation unknown2
Kukuh Dwi KurniawanAffiliation unknown2
Hasnan BachtiarAffiliation unknown2
Ridwan ArifinAffiliation unknown2
Cahya WulandariState University of Semarang2
Benny SumardianaAffiliation unknown2
Muhammad Azil MaskurAffiliation unknown1
Heri PurwantoAffiliation unknown1
Hatma Aditya JananuragaAffiliation unknown1
Muchlas Rastra SamaraAffiliation unknown1
Sumartini DewiAffiliation unknown1
Maria Silvya E. WanggaAffiliation unknown1
Anis WidyawatiAffiliation unknown1
Nur RochaetiAffiliation unknown1
Rian SaputraAffiliation unknown1
Muhammad Khalif ArdiAffiliation unknown1
Sunny Ummul FirdausAffiliation unknown1
Riski Dysas PrabawaniAffiliation unknown1
Dodi RoikardiAffiliation unknown1
Bagus Hendradi KusumaAffiliation unknown1
Izan Mateo CassandroAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/sju/index.php/ijals/oai, first harvested 5 Nov 2026, last seen 5 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en-US">Implementation of Business Judgement Rules in Indonesia: Theories, Practices, and Contemporary Cases</dc:title>
	<dc:creator>Irawan, Chandra Noviardy</dc:creator>
	<dc:creator>Pujiyono, Pujiyono</dc:creator>
	<dc:creator>Cahyaningtyas, Irma</dc:creator>
	<dc:description xml:lang="en-US">Business judgment rule considerations were born with a background of problems where they are always blamed for losses suffered by the company, the impression that is built basically does not reflect the values ​​in the company’s business operations. This research aims to analyze how is the adoption process Business Judgement Rule in Indonesian law, and how to apply Business Judgement Rule in Indonesian. This research also intended to understand the application of the Business Judgment Rule doctrine in Indonesia. This research is normative juridical research conducted through library research and analyzed by qualitative research methods on the secondary data found. The results of this study indicate that the application of the Business Judgment Rule can provide legal protection for the board of directors for business policies taken even though the business policy results in losses for the company, as long as the business decisions are made with prudence, in good faith, and in the scope of authority and responsibility.</dc:description>
	<dc:publisher xml:lang="en-US">Faculty of Law, Universitas Negeri Semarang</dc:publisher>
	<dc:date>2022-04-26</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/sju/ijals/article/view/53335</dc:identifier>
	<dc:identifier>10.15294/ijals.v4i1.53335</dc:identifier>
	<dc:source xml:lang="en-US">Indonesian Journal of Advocacy and Legal Services; Vol 4 No 1 (2022): Empowering Community Strengthening Justice in Indonesia and Global Context; 1-24</dc:source>
	<dc:source>2686-2611</dc:source>
	<dc:source>2686-2085</dc:source>
	<dc:source>10.15294/ijals.v4i1</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/sju/ijals/article/view/53335/21523</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2022 Chandra Noviardy Irawan, Pujiyono Pujiyono, Irma Cahyaningtyas</dc:rights>
	<dc:rights xml:lang="en-US">http://creativecommons.org/licenses/by-nc-sa/4.0</dc:rights>
</oai_dc:dc>