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Plant Asset Management Today and Tomorrow Read chapter Read first chapter

2012 | OriginalPaper | Chapter

The Exemplification of Governance Principles within State Asset Management Laws and Policies: The Case of Indonesia

Authors : Diaswati Mardiasmo, Charles Sampford, Paul Barnes

Published in: Engineering Asset Management and Infrastructure Sustainability

Publisher: Springer London

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Abstract

Efficient state asset management is crucial for governments as they facilitate the fulfillment of their public functions, which include the provision of essential services and other public administration support. In recent times economies internationally and particularly in South east Asia, have displayed increased recognition of the importance of efficiencies across state asset management law, policies and practice. This has been exemplified by a surge in notable instances of reform in state asset management. A prominent theme in this phenomenon is the consideration of governance principles within the re-conceptualization of state asset management law and related policy, with many countries recognizing variability in the quality of asset governance and opportunities for profit as being critical factors. This issue is very current in Indonesia where a major reform process in this area has been confirmed by the establishment of a new Directorate of State Asset Management. The incumbent Director-General of State Asset Management has confirmed a re-emphasis on adherence to governance principles within applicable state asset management law and policy reform. This paper reviews aspects of the challenge of reviewing and reforming Indonesian practice within state asset management law and policy specifically related to public housing, public buildings, parklands, and vacant land. A critical issue in beginning this review is how Indonesia currently conceptualizes the notion of asset governance and how this meaning is embodied in recent changes in law and policy and importantly in options for future change. This paper discusses the potential complexities uniquely Indonesian characteristics such as decentralisation and regional autonomy regime, political history, and bureaucratic culture.

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Metadata
Title
The Exemplification of Governance Principles within State Asset Management Laws and Policies: The Case of Indonesia
Authors
Diaswati Mardiasmo
Charles Sampford
Paul Barnes
Copyright Year
2012
Publisher
Springer London
Book
Engineering Asset Management and Infrastructure Sustainability

Print ISBN: 978-0-85729-301-5

Electronic ISBN: 978-0-85729-493-7

Copyright Year: 2012

DOI
https://doi.org/10.1007/978-0-85729-493-7_48