Search Repository Universitas Islam Jakarta

Objective: This research aims to analyze the legal aspects of conglomerates in managing and
controlling the companies they own. This research aims to provide a comprehensive analysis
of the legal framework surrounding conglomerates and their subsidiary companies,
highlighting the importance of adhering to these legal doctrines.
Method: In this study, the normative legal research method is used to examine the legal
aspects of conglomerates. The research approach focuses on analyzing legal rules, principles,
and doctrines. The statutory approach is employed, which involves analyzing legislation and
regulations relevant to conglomerates. Additionally, a conceptual approach is used to explore
evolving perspectives and doctrines in the field of legal sciences. The research utilizes
primary, secondary, and tertiary legal sources, including legislation, official records, books,
journals, expert opinions, and legal publications.
Results: The analysis demonstrates that a "conglomerate" can be defined as an entity that
owns numerous companies, including both domestic and international entities. While these
companies are independent legal subjects, they are combined into an economic unit known as
a "group of companies" under the control of the conglomerate's main shareholders and
owners. The group of companies comprises multiple limited liability companies that are
legally separate entities, each functioning as an independent legal entity. Each company
within this group is professionally managed by its Board of Directors and overseen by its
Board of Commissioners. It is important to note that these individuals should not act as
representatives of the conglomerate but should adhere to corporate law doctrines, including
Fiduciary Duty, Self-Dealing, Corporate Opportunity Doctrine, Business Decision Making
Rules, Ultra Vires, and Intra Vires.