Reform on Pension Fund Governance and Management: The 1998 Reform of Korea National Pension Fund

This research aims to investigate the factors that influence to the quality of pension fund financial reports, a proxy with earnings management. These factors related to corporate governance. This research using 22 Pension Fund in Indonesia, which was established and approved by the Minister of Finance until 2005 and still actively running the business as the Pension Fund by the end of 2009. The research period is taken is 4 years, starting in 2006 until 2009. This research used multiple linear regression model. The independent variable in this research include variable performance of the Pension Fund, the rights of stakeholders, disclosure, and type of Pension Fund that is predicted significant influence on the quality of pension fund financial reports. The result of this research showed that only the audit quality has positive and significant influence on the quality of Pension Fund financial reports, whereas for the variable performance of the Pension Fund, the rights of stakeholders, disclosure, and type of Pension Fund showed no significant effect on the quality of the financial reports of the Pension Fund. Variable types of the Pension Fund (sharia and non-sharia), no significant influence on the quality of Pension Fund financial reports, this can be expected because up to this time there are no special regulations for sharia Pension Funds. Sharia arrangements in relation to aspects of Sharia Pension Funds activities, such as guidelines for preparing the financial reports of Sharia Pension Fund is still using regulations that apply to non Sharia Pension Fund. Simak Keywords: Good corporate governance, good pension fund governance, Pension Fund financial reports, sharia pension fund, earnings management.

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Assessing the Government Proposal for Corporate Pension Fund Governance and Drawing out its Improvements

The Journal of Risk Management ◽

10.21480/tjrm.28.4.201712.005 ◽

2017 ◽

Vol 28 (4) ◽

pp. 129-156 ◽

Cited By ~ 2

Author(s):

손성동 ◽

Joo-Ho Sung ◽

Bongjooo Lee

Keyword(s):

Pension Fund ◽

Corporate Pension ◽

The Government ◽

Fund Governance

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Let the Chickens Run the Henhouse? Democratizing Pension Funds: Corporate Governance and Accountability by Ronald B. Davis

Alberta Law Review ◽

10.29173/alr329 ◽

2009 ◽

pp. 285-290

Author(s):

Randy Bauslaugh

Keyword(s):

Decision Making ◽

Corporate Governance ◽

Pension Fund ◽

Pension Funds ◽

Environmental Responsibility ◽

Central Thesis ◽

Potential Benefits ◽

Fund Governance

The central thesis of this interesting, but clearly labour biased book, is that employees or plan beneficiaries ought to exercise greater decision-making control over the pension funds they participate in. In this way, Professor Ronald Davis argues, investee corporations can be influenced to behave with greater social, ethical, financial, and environmental responsibility. Notwithstanding its arguably optimistic if not naïve view of the potential benefits of democratizing pension fund governance, this book deals with many themes that highlight deficiencies in governance and accountability that many practitioners in the pension industry would likely admit should be addressed.

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