Many scholars have discussed the importance of ownership structure to the companies performance. The board of commissioners BoC as the supervisor of management board play important role in ensuring the management board to conduct their duties to increase companys performance continuously. The Indonesian state-owned enterprises which play important role for Indonesian economy need to improve the performance every year. Previous research has shown that BoC are passive due to interfere from government and political parties in selection and remuneration process. This happened as most of Indonesian SOEs being owned by the government. Thus it may need further investigation on the relationship between ownership structures to the BoCs performance. The purpose of this research is to examine the impact of ownership structure in state-owned enterprise SOEs to the performance of the board in implementing good corporate governance. This study will analyze how the ownership structure which shown by listed and fully owned SOEs impact to the BoC performance in conducting their job. This research uses qualitative methods for data collections. The study aims to fill gaps in the literature and contribute to it by assessing the real views and perceptions of members of the board and management of the SOEs. The result should be interesting as none of other country using remuneration formula like Indonesian SOEs as well as the condition of Indonesian SOEs significantly environment differences from that of the USA, the Europe or other western countries.

SOEs, BoE, USA

• Tjia Fie Tjoe, S.Kom., M.M.

• Synthia Atas Sari, S.I.P., M.Si., Ph.D