Implementation of Good Corporate Governance on Islamic Business Perspective in Omah Oblong Company, Yogyakarta

Abstract

This study aims to explore the implementation of good corporate governance (GCG) at Omah Oblong, a prominent small and medium-sized enterprise (SME) in Yogyakarta. Omah Oblong, known as the House of T-shirt, has been operating for 15 years under the ownership of Mr. Sugianto. The company has grown from a small village enterprise into a popular tourism destination where visitors can observe, purchase, and practice traditional T-shirt screen printing. Utilizing a descriptive qualitative approach, data were collected through literature reviews and interviews with key stakeholders. The study focuses on several key principles of GCG: transparency, accountability, responsibility, independence, and fairness. The results indicate that Omah Oblong successfully integrates these principles into its business operations. The company's transparency is demonstrated through open communication channels with employees and customers, ensuring that all parties are well-informed. Accountability is upheld through rigorous internal controls and regular performance evaluations. The company also exhibits a strong sense of responsibility, particularly in its commitment to local community development by providing jobs and training opportunities. Independence is maintained by fostering an environment where decision-making is free from undue influence. Lastly, fairness is evident in their equitable treatment of employees and partners, such as fair wages and commissions. In conclusion, Omah Oblong exemplifies how good corporate governance can be effectively implemented in an SME, contributing to sustainable business growth and positive community impact.