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Good Corporate Governance: A Case Study of Family Business in Indonesia

  • RUSTAM, Akie Rusaktiva;NARSA, I Made
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.69-79
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    • 2021
  • Good Corporate Governance (GCG) has been implemented by companies, especially companies that have gone public. However, many local companies still have not applied the principles of GCG. This study examines the implementation of the CG concept which is not fully implemented in family businesses in Indonesia. Besides, this research also aims to find out the role of the Internal Audit function in enhancing GCG practices. This research is a qualitative study that uses in-depth interviews, observation, and data triangulation, to gather evidence from exploratory case studies conducted in three family business firms. The results of this study found that CG is essential for the successful run of family businesses. After analyzing the data, we developed a new theory called Islamic Integrity Governance. The Internal Auditor plays a key role in improving GCG and a vibrant and agile internal audit function can be an indispensable resource supporting sound corporate governance. The internal auditor provides objective assurance and insight on the effectiveness and efficiency of risk management, internal control, and governance processes. Therefore, the Internal Auditor is an important pillar for effective and efficient GCG implementation. This theory concludes several concepts such as THTCL (Trustworthy, Honest, Transparent, Creative, Loyal). Internal auditors are needed because the concept of control is useful for improving GCG in business.

Activated Carbon-Embedded Reduced Graphene Oxide Electrodes for Capacitive Desalination

  • Tarif Ahmed;Jin Sun Cha;Chan-gyu Park;Ho Kyong Shon;Dong Suk Han;Hyunwoong Park
    • Journal of Electrochemical Science and Technology
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    • v.14 no.3
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    • pp.222-230
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    • 2023
  • Capacitive deionization of saline water is one of the most promising water purification technologies due to its high energy efficiency and cost-effectiveness. This study synthesizes porous carbon composites composed of reduced graphene oxide (rGO) and activated carbon (AC) with various rGO/AC ratios using a facile chemical method. Surface characterization of the rGO/AC composites shows a successful chemical reduction of GO to rGO and incorporation of AC into rGO. The optimized rGO/AC composite electrode exhibits a specific capacitance of ~243 F g-1 in a 1 M NaCl solution. The galvanostatic charging-discharging test shows excellent reversible cycles, with a slight shortening in the cycle time from the ~260th to the 530th cycle. Various monovalent sodium salts (NaF, NaCl, NaBr, and NaI) and chloride salts (LiCl, NaCl, KCl, and CsCl) are deionized with the rGO/AC electrode pairs at a cell voltage of 1.3 V. Among them, NaI shows the highest specific adsorption capacity of ~22.2 mg g-1. Detailed surface characterization and electrochemical analyses are conducted.

Effect of Al and Nb Doping on the Electrochemical Characteristics of Garnet-type Li7La3Zr2O12 Solid Electrolytes

  • Ahmed Tarif;Chan-Jin Park
    • Corrosion Science and Technology
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    • v.22 no.6
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    • pp.408-418
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    • 2023
  • In this study, we synthesized and characterized garnet-type Li7-xAlxLa3Zr2-(5/4)yNbyO12 (LALZN) solid electrolytes for all-solid-state battery applications. Our novel approach focused on enhancing ionic conductivity, which is crucial for battery efficiency. A systematic examination found that co-doping with Al and Nb significantly improved this conductivity. Al3+ and Nb5+ ions were incorporated at Li+ and Zr4+ sites, respectively. This doping resulted in LALZN electrolytes with optimized properties, most notably enhanced ionic conductivity. An optimized mixture with 0.25 mol each of Al and Nb dopants achieved a peak conductivity of 1.32 × 10-4 S cm-1. We fabricated symmetric cells using these electrolytes and observed excellent charge-discharge profiles and remarkable cycling longevity, demonstrating the potential for long-term application in battery systems. The garnet-type LALZN solid electrolytes, with their high ionic conductivity and stability, show great potential for enhancing the performance of all-solid-state batteries. This study not only advances the understanding of effective doping strategies but also underscores the practical applicability of the LALZN system in modern energy storage solutions.