EVALUATION OF THE GOVERNANCE OF THE EMPLOYEE COOPERATIVE AT STIE MANDALA

Abstract

This study aims to evaluate the governance of the Employee Cooperative at STIE Mandala based on the principles of Good Corporate Governance (GCG) to identify challenges and provide strategic recommendations for improving the cooperative's governance quality. The research employs a qualitative approach with data collected through interviews, observations, and documentation. The data were analyzed using the Miles & Huberman model, including data reduction, data display, and conclusion drawing.

The findings reveal several key weaknesses in the cooperative, such as inadequate legal status, a lack of formal documentation, insufficient strategic planning, absence of risk management, unreliable information systems, and suboptimal oversight. These conditions indicate a misalignment of the cooperative's governance with GCG standards, potentially undermining member trust and the cooperative's sustainability.

Proposed strategic recommendations include strengthening internal and external legalities, drafting formal documents such as guidelines and SOPs, comprehensive and detailed planning, risk management development, implementation of accountable information systems, and optimizing oversight through routine evaluations. Implementing these measures is expected to enhance the governance effectiveness of the Employee Cooperative at STIE Mandala, achieve certification, and support member welfare.