The Effectiveness of Risk Management on the Implementation of GCG at PT Pelindo Solusi Logistik

Abstract

This study aims to analyze the effectiveness of risk management in supporting the implementation of Good Corporate Governance (GCG) at PT Pelindo Solusi Logistik. The research employs a qualitative descriptive approach, utilizing case study methods, document analysis, and a limited survey as data collection instruments. The company utilizes the ISO 31000:2018 framework as the foundational model for its risk management practices, emphasizing comprehensive risk identification and strategic mitigation, particularly for high-priority risks like operational disruptions and human capital competency gaps. The primary objective is to assess the effectiveness of risk management in supporting the GCG principles, which encompass transparency, accountability, responsibility, independence, and fairness. Based on the results of the limited survey and internal document analysis, the scores for each GCG principle are as follows: Transparency, 4.39; Accountability, 4.61; Responsibility, 4.78; Independence, 4.28; and Fairness, 4.39. These scores indicate that the implementation of GCG falls under the "good" category. However, several potential risks were identified during the implementation, including: (1) Operational disruption risk, (2) Risk of inadequate employee competencies, (3) Risk of delays in obtaining KBLI (Indonesian Standard Industrial Classification) permits aligned with the company's business, (4) Conflict of interest risk in decision-making processes, etc.