Good corporate governance (GCG) builds on the principles of transparency, accountability, responsibility, independence, and fairness to guide how companies managed effectively.
According to the international standard ISO 31000, risk management is a process integrated into corporate governance, business strategy, and operational planning. This means risk management is not a standalone activity, but rather embedded into every business decision—from operational level to top management.
Beyond ensuring smooth operations, effective communication is also the key to building a harmonious work culture, increasing productivity, and ensuring that every member of the organization understands the company’s vision and mission.
With this, companies can enhance team coordination, accelerate decision-making, and reduce the risk of misunderstandings that could hinder organizational performance.
Sustainable economic growth emphasizes the balance of the 3P principles—Profit (economic gains), People (society), and Planet (environment)—ensuring a ‘win-win solution’ between economic progress and environmental preservation.
Food security in particular to address the adequacy of supply and stability in prices of staple foods has been addressed by the Government since several years ago. However, the conflict between Russia and Ukraine shows that geopolitical conflicts can disrupt global food supply chains which in turn lead to a global food crisis.
Indonesia’s Logistics Performance Index (LPI) in 2018 reached a score of 3.15 out of 5. This score is the highest score achieved by Indonesia since 2007.
There have been a significant reduction in the consensus of 2022 and 2023 global growth forecasts. According to World Bank, the invasion of Ukraine by Russia along with continuous supply disruptions caused partly by the pandemic, and various tightening of macroeconomic policies to reduce inflation and reverse the pervasive measures taken during that time, are few of the most significant factors that contribute to this phenomenon.
