Conflict OF Interest Prevention Policy As a Part Of Governance Performance At Sustainability Report
サステナビリティ報告書におけるガバナンスパフォーマンスの一環としての利益相反防止方針 (AI 翻訳)
Innayati Diah, Agung Firman Sampurna
🤖 gxceed AI 要約
日本語
本研究は、インドネシアの石炭鉱業企業PT Adaro Minerals Indonesia Tbkの利益相反防止方針を分析し、それがESGサステナビリティ報告書のガバナンス次元にどのように位置づけられているかを評価した。エージェンシー理論、COSO内部統制フレームワーク、正当性理論を用いた記述的定性分析の結果、同社は包括的な政策アーキテクチャを構築し、高いESGスコアに貢献していることが明らかになった。しかし、コングロマリット構造における実装の脆弱性も指摘されている。
English
This study analyzes the conflict-of-interest prevention policy at PT Adaro Minerals Indonesia Tbk and how these policies are positioned in the Governance dimension of its 2024 ESG sustainability report. Using a descriptive qualitative approach through document analysis, the study finds that the company has built a comprehensive layered policy architecture contributing to its high ESG score on the Indonesia Stock Exchange. However, implementation vulnerabilities in conglomerate structures, particularly regarding affiliate transactions, are also identified.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本企業がインドネシアなど新興国に進出する際、ESG報告書におけるガバナンス開示の実践は参考になる。SSBJや統合報告書の文脈でも、利益相反防止策の実効性は重要なテーマである。
In the global GX context
This case study from an Indonesian mining company illustrates how conflict-of-interest policies are operationalized in ESG sustainability reports, relevant to global governance disclosure standards such as TCFD and ISSB. It highlights the gap between formal policies and actual implementation in conglomerate structures.
👥 読者別の含意
🔬研究者:Provides empirical evidence on how governance policies are embedded in ESG reporting in an emerging market context.
🏢実務担当者:Offers insights for corporate governance and compliance teams on structuring conflict-of-interest policies for ESG disclosure.
🏛政策担当者:Highlights regulatory challenges in ensuring effective governance in conglomerates, relevant for securities regulators.
📄 Abstract（原文）
The challenge of corporate governance integrity in emerging markets often boils down to the gap between written policy and practice on the ground. This study aims to analyze the conflict-of-interest prevention policy at PT Adaro Minerals Indonesia Tbk (ADMR) and how these policies are positioned in the Governance dimension in the 2024 ESG sustainability report. Using a descriptive qualitative approach through document analysis methods, this study evaluates the Charter of the Board of Directors, the Charter of the Board of Commissioners, the Charter of the Audit Committee, and the Company's Code of Ethics through the lens of agency theory, COSO's internal control framework, and legitimacy theory. The findings of the study show that ADMR has built a comprehensive layered policy architecture by integrating the values as the foundation of the control environment. This policy effectively operationalized agency alignment mechanisms—such as the obligation to disclose shareholding and the revocation of voting rights in affiliate transactions—that contributed to the company's high ESG score on the Indonesia Stock Exchange (IDX). However, the study also found implementation vulnerabilities in conglomerate structures, particularly in affiliate transactions that could potentially evade independent shareholder oversight through regulatory thresholds. The study concluded that although robust formal policies are able to improve the image of legitimacy and governance performance, their true effectiveness still depends on the consistency of law enforcement and the independence of oversight to mitigate governance failure.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.36766/7cba2w77first seen 2026-07-18 06:16:11
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