Main Article Content

Sayid Bahri Sriwijaya


Corporate Governance is a structure consisting of shareholders, directors, managers, a set of objectives to be achieved by the company, and tools that will be used in achieving goals and monitoring performance. This study aims to determine the application and benefits of Corporate Governance at POSCO, using descriptive qualitative analysis methods. The application of the principles of Corporate Governance at POSCO has been carried out since 1997 through the management philosophy of "Corporate Citizenship: Building a Better Future Together". For example, the principle of equality is carried out by POSCO by making stronger shareholder protection through the Cumulative Voting System to strengthen the rights of small shareholders. The principle of independence is implemented through the separation of share ownership from company management, assigning 7 out of 12 members of the BoD (Board of Directors) to be external directors, and to separate the functions of the CEO and Chairman of the Board. The principle of responsibility is applied through the establishment of an audit committee, the Corporate Social Responsibility program. Corporate Governance had earned POSCO many national and international awards

Article Details

How to Cite
Bahri Sriwijaya, S. (2020). IMPLEMENTATION OF CORPORATE GOVERNANCE AT POSCO. Dinasti International Journal of Management Science, 1(6), 934-943.


Ali, H. 2016. Concepts and Theories of Business Ethics. Universitas Mercu Buana: Jakarta.
Agoes, Sukrisno., Ardana, I Cenik. 2013. Etika Bisnis dan Profesi; Tantangan Membangun Manusia Seutuhnya; Edisi Revisi. Salemba Empat: Jakarta.
Cadbury, A,. 2002. Corporate Governance and Chairmanship: a Personal View. Oxford University Press on Demand.
Ferrell, O. C., Harisson, Dana E., Ferrell, Linda., & Hair, Joe. F. (2018). Business ethics, corporate social responsibility, and brand attitudes: An exploratory study. Journal of Business Research.
James, B. E., & McGuire, J. B. (2016). Transactional-institutional fit: Corporate governance of R&D investment in different institutional contexts. Journal of Business Research, 69 (9), 3478–3486.
Kovermann, Jost & Velte, Patrick. 2019. The impact of corporate governance on corporate tax avoidance- a literature review. Journal of International Accounting, Auditing and Taxation (36),
M, Agus Salim., M, Ayu Rezkiana Putri., & Ali, H. 2016. Analysis Work Discipline And Work Spirit Toward Performance Of Employees (Case Study Tax Office Pratama Two Padang). International Journal of Economics and Research. Vol 13 (6), pp: 2541-2556.
Paijan, P., Ali, H. 2017. Pengaruh Gaya Kepemimpinan Transformasional, Pelatihan Terhadap Motivasi Kerja Serta Implikasi Kinerja Tenaga Kependidikan Di Universitas Mercu Buana Jakarta. Jurnal Ekonomi 21
Pei-Gi, Shu and Shu-Jane, Chiang.2020. The impact of corporate governance on corporate social performance: Cases from listed firms in Taiwan. Pacific-Basin Finance Journal (2020),
POSCO. 2020. Corporate Governance [Online] Tersedia: (3 Mei 2020).
POSCO. 2018. POSCO Corporate Citizenship Report 2018 [Online] Tersedia: [5 Mei 2020].
Rahul, C., Ali, H., Munawar, N. A. 2019. Building Performance Service Through Transformational Leadership Analysis, Work Stress and Work Motivation (Empirical Case Study In Stationery Distributor Companies) . Dinasti International Journal of Education Management And Social Science, 1(1), 87-107.
Sabiu, Malam Salihu., Ringim, Kabiru Jinjiri., Tang, Swee Mei., & Joarder, Mohd Hasanur Raihan. (2019). Relationship between human resource management practices, ethical climates and organizational performance, the missing link; An empirical analysis. PSU Research Review An International Journal.
Shahid, Muhammad Sadiq & Abbas, Muhammad. 2019. Does corporate governance play any role in investor confidence, corporate investment decisions relationship? Evidence from Pakistan and India. Journal of Economics and Business. Vo. 105,
Z. Li, J. Crook, G. Andreeva, et al., 2019. Predicting the risk of
financial distress using corporate governance measures. Pacific-Basin Finance Journal,