Detail Inovasi Perguruan Tinggi

Tema: International Conference
Judul: The Role of Good Governance in Conflict Management A Life Story of Family Members Partnership The case of PT Blind-Trust-Family Business in Bandung
Perguruan Tinggi: Universitas Widyatama
Jenis/sdm: dosen/0412117701

Tahun: 2006

Family business' important role in Indonesian economy, has been calculated as 82,44% of 165, 000 medium and small enterprises registered in the statistical census in 1996 (Faustine, 2001). It has been also predicted that most of the large companies which have turned into multi-national corporation, were previously started as small family owned businesses. Among those family owned businesses, several of them could not sustain into generations. Many factors can be the triggers of this condition, one among many is information risk. An example for information risk is: unregistered transaction, which causes difficulties when correct information is retrieved. Another form of information risk is: Inaccurate registration of transactions. In most cases, it is the result of trusting family business members without any further control or blind-trust. This condition will lead to difficulties in auditing for managing the company. Correct data are crucialfor control tools in any companies activities or processes This paper revealed a true discontinuity case offamily business, which could be avoided should the family business members realized the importance ofhaving Certified Public Accountant.