The Evolution and Practical Innovation of Indonesian Limited Liability Company Law: Reflections and Prospects from a Global Perspective
- Author Guan Yue
- Co-Author Eni Oktaviani
- DOI https://ww
- Country : Indonesia
- Subject : Law
Keywords : Indonesian Limited Liability Company Law, Digital Transformation in Legal Systems, Globalization and Corporate Law, Legal Innovation.
Abstract
This paper examines the evolution and practical innovation of Indonesian Limited Liability Company Law, highlighting its historical development, current challenges, and prospects in a globalized and digital economy. Tracing the origins of limited liability company laws from Dutch colonial influence to modern reforms, the study explores key milestones, including the enactment of pivotal legislation and digital transformation initiatives such as the Online Single Submission system. The paper also analyzes the integration of Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) compliance into corporate practices, reflecting global sustainability trends. Despite notable advancements, challenges persist in legal implementation, corporate governance, and support for small and medium enterprises (SMEs). The findings underscore the necessity for ongoing reforms to enhance efficiency, transparency, and alignment with international standards while addressing Indonesia’s unique socio-economic context. This research provides theoretical insights and policy recommendations to strengthen Indonesia’s limited liability company framework, fostering sustainable economic growth and global competitiveness.
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