ABSTRACT

This study investigates the maturity level of Good Corporate Governance implementation in micro and small enterprises in Bandung. We first identified five major good corporate governance indicators to implementation of good corporate governance principles. We then used maturity model to measure the success rate of good corporate governance implementation in micro and small enterprises. The first result of this study is maturity level as a map to assess the good corporate governance implementation. The next result indicates that micro and small enterprises in Bandung focus on fairness. The reason micro and small enterprises in Bandung focus on fairness is the unawareness of informal business of doing business with standard. These results indicate the need to improve micro and small enterprises’ awareness of the importance of good corporate governance implementation to have sustainability of doing business.