Compliance Strengthening Based on Smart Governance to Drive Accountable and Sustainable State-Owned Enterprise Policy

DOI

10.2991/978-2-38476-620-8_27How to use a DOI?

Keywords

Compliance; Corporate Governance; Good Corporate Governance

Abstract

In the financial services industry, and indeed for any business, it is essential that they are able to respond swiftly and in a methodical way to the constantly changing regulatory environment if they are to continue to operate effectively and efficiently. Compliance function as a strategic tool within the smart governance framework. Compliance function is a strategic element in smart governance architecture. The compliance function, within the framework of smart governance, is a strategic tool that ensures all business policies and operations are in compliance with relevant legislation and promotes a shift towards more intelligent, transparent and sustainable governance. This study aims to analyze the role of Compliance Department in increasing organizational compliance and improving GCG application comprehensively. The approach utilized in this study was descriptive qualitative. Data collection techniques were observation, in-depth interview and documentation. The research results show that the compliance function is of utmost importance in smart governance as it ensures all operational units are compliant with the appropriate regulations. In this way the firm is committed to profit and to social justice and accountability to the public. The company’s commitment towards responsible and sustainable governance is reflected in the consistent application of the principles of transparency, accountability, responsibility, inde-pendence and fairness, in line with the spirit of green policy in organization’s ethical and long term focused management. Also, the use of the i-compliance digital system is a practical measure for institutional social change through the digitalization of compliance monitoring and reporting processes and the improvement of their organization and efficiency. But the pace of regulation change, as well as capacity limitations of digital systems, remain concerns requiring adaptable and sustainable development.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Radityo Kusumo Santoso
AU  - Nasywaa Nariswari Putri
AU  - Nur Fadilah Dewi
AU  - Rahmi Setiawati
PY  - 2026
DA  - 2026/10/23
TI  - Compliance Strengthening Based on Smart Governance to Drive Accountable and Sustainable State-Owned Enterprise Policy
BT  - Proceedings of the 8th International Conference of Vocational Education, Applied Science and Technology (ICVEAST 2026)
PB  - Atlantis Press
SP  - 343
EP  - 354
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-620-8_27
DO  - 10.2991/978-2-38476-620-8_27
ID  - Santoso2026
ER  -