Characteristics of good corporate governance in Indonesian export financing institutions

Indonesia is a country that seeks to increase export activities by providing facilities in terms of capital through the Indonesian Export Financing Agency. The Covid-19 pandemic affected export activities, so that exporter sales decreased, impacting LPEI financing. Receivables are a crucial indicator for assessing the performance of the LPEI function because high bad debts are an indicator of the failure of LPEI in managing the business as a result of ignoring the principles of good corporate governance, causing liquidity, profitability, and solvency problems. This study aims to analyze the characteristics of good corporate governance in LPEI and alternative dispute resolution in the problem of bad debts that LPEI can carry against business entities. The research method uses normative research, namely legal research that uses legal sources obtained by approaching statutory regulations. Based on the study's results, it was found that the financing experienced a breakdown because it ignored the principles of good corporate governance. Bad debts make LPEI indirectly harm the state, so LPEI must strive to fulfill its debtor's obligations. Dispute resolution can be carried out by restructuring accounts receivable through rescheduling, re-conditional, re-arrangement, non-litigation efforts through arbitration and mediation, and litigation efforts carried out by filing a lawsuit to the District Court. Dispute resolution recommendations are expected to reach a fair agreement for the parties.