IMPLEMENTATION OF CORPORATE GOVERNANCE AND POST-PANDEMIC GOVERNANCE RESULTS: A CONCEPTUAL REVIEW OF MSMES
Large companies generally implement good corporate governance (GCG) more than MSMEs. The economic factor that is a critical and sustainable issue is the weak GCG mechanism in MSMEs. The global crisis in the COVID-19 pandemic damaged the socio-economic conditions of MSMEs due to various changes and uncertainties in corporate governance. The International Monetary Fund predicts that in 2023 there will be an economic recession. This research method uses a phenomenological approach and qualitative descriptive analysis with an in-depth literature study. This study aims to determine how MSME companies are ready to face the challenges and uncertainties of business continuity plans to meet the threat of economic recession. The conclusion is that GCG can build trust and predictability for investors. The community also supports MSME players developing startup business innovations to encourage economic growth.
GCG, MSMEs, company performance, pandemic, recession.