PROPOSED METHODOLOGY FOR INDONESIAN STATE- OWNED ENTERPRISE TO CONDUCT CORPORATE SPIN- OFF

• Main Author: Pasca, Adrian
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/79636
• Institution: Institut Teknologi Bandung

This research addresses a critical gap in the corporate landscape by proposing a comprehensive methodology for Indonesia State-Owned Enterprises (SOEs) to conduct corporate spin-offs, focusing on the aviation sector as a real business issue. The absence of a formal framework for state-owned enterprises to execute spin-offs necessitates a structured approach that considers regulatory compliance, business law, and procedural requirements. The methodology begins by meticulously collecting and interpreting relevant regulatory documents governing state-owned enterprises' spin-off processes. Clear regulations guide various aspects, such as government compliance, financial and taxation considerations, organizational and human capital dynamics, corporate identity, and risk management. In instances where regulatory guidance is ambiguous or absent, interviews are conducted to glean insights, ensuring a robust foundation for the proposed methodology. Flowcharts are meticulously crafted to elucidate and interlink the procedural steps involved in conducting spin-offs. These flowcharts serve as a visual guide, detailing the nuanced processes and their adherence to business law and regulatory requirements. The risk management analysis, a pivotal component, involves interviews to measure, map, and formulate mitigation plans for potential risks associated with the spin-off. The solution to the identified business issue lies in adhering to the meticulously outlined steps in the overarching flowchart. Five key aspects – government regulation, finance and taxation, organization and human capital, corporate identity, and risk management – are intricately connected throughout the spin-off process until successful implementation. It is imperative to acknowledge the scope and limitations of this research. The proposed spin-off methodology is specifically tailored for Indonesian state-owned enterprises and is contingent on the existing government regulations as of November 2023. The readers are urged to adapt the methodology in the event of regulatory amendments or the emergence of novel regulations. Furthermore, this research exclusively delves into the steps leading to the establishment of a new entity, omitting discussions beyond the commencement of its operational phase.