Study of Stock Ownership Nominee Agreement in Mining Business to People’s Welfare That Is Aligned for Sustainable Development Goals

Ida Sumarsih

2021

Abstract

The goal for Limitation of Foreign Stock’s ownership to protect natural resources in Indonesia is not yet optimal because of the existence of nominee agreement. Which is a form of law smuggling. So natural resources that should be benefiting for Indonesia people’s welfare, in reality it is enjoyed by Foreign Investor. This research is a normatif juridical research using secondary data and doing inductive analysis. From the result of the research is concluded that law smuggling in stock ownership nominee agreement prohibition in mining field is still exist because there is no monitoring, control, field observation, evaluation and law enforcement for nominee agreement practices in mineral and coal mining up to beneficial ownership in establishment and operational of mineral and coal mining business. Therefore it is needed to make a regulation to monitor, supervise and doing law enforcement by The Energy and Mineral Resources Ministry (ESDM) through Monitoring, Conrolling, Field Observation and Evaluation System (P3LE) towards stock ownership nominee agreement practices in mining business so that the management of natural resources can be benefitting for poeple’s welfare and Sustainable Development Goals (SDGs) is achieved.

Paper Citation

in Harvard Style

Sumarsih I. (2021). Study of Stock Ownership Nominee Agreement in Mining Business to People’s Welfare That Is Aligned for Sustainable Development Goals. In Proceedings of the 1st International Conference on Emerging Issues in Humanity Studies and Social Sciences - Volume 1: ICE-HUMS, ISBN 978-989-758-604-0, pages 329-335. DOI: 10.5220/0010751600003112

in Bibtex Style

@conference{ice-hums21,
author={Ida Sumarsih},
title={Study of Stock Ownership Nominee Agreement in Mining Business to People’s Welfare That Is Aligned for Sustainable Development Goals},
booktitle={Proceedings of the 1st International Conference on Emerging Issues in Humanity Studies and Social Sciences - Volume 1: ICE-HUMS,},
year={2021},
pages={329-335},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010751600003112},
isbn={978-989-758-604-0},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on Emerging Issues in Humanity Studies and Social Sciences - Volume 1: ICE-HUMS,
TI - Study of Stock Ownership Nominee Agreement in Mining Business to People’s Welfare That Is Aligned for Sustainable Development Goals
SN - 978-989-758-604-0
AU - Sumarsih I.
PY - 2021
SP - 329
EP - 335
DO - 10.5220/0010751600003112