CIVIL LIABILITY: A COMPARATIVE STUDY OF STATE OWNED ENTERPRISES AND CORPORATIONS

Abstract

In Article 1 number 1 of Law Number 19 of 2003 concerning State-Owned Enterprises, State-Owned Enterprises, it states that State-Owned Enterprises, hereinafter referred to as SOE, are business entities whose capital is wholly or largely owned by the state through equity participation, directly originating from separated state assets. SOEs have a vital and very important role in national development, as a source of state revenue in the State Revenue and Expenditure Budget. Given its very important position as a source of funds, SOE should be managed properly based on the principles of good corporate government. As actors of development in the economic sector, SOE carry out economic functions in all aspects of people's lives, especially those related to the field of services and the procurement of goods needed by the community.

Keywords

• civil liability
• comparison study
• public service
• law