GOVERNANCE INDEX MODEL FOR FOUNDATION IN INDONESIA

The long-term goal of this study is to provide measurements of the quality of Internet-based Sharia Foundation Legal Entity governance. The hope is that it can make an important contribution to policy makers / regulations related to the implementation of good governance for legal entities that run foundation activities with sharia principles. The specific target to be achieved in this study is the presentation of methods for measuring the quality of governance of Islamic legal entities through the use of IBCG Ratings from Grzybkowski and Wójcik (2006), which have been developed into IBCG Rating Modified by Musdholifah and Hartono (2015). The rapid development of foundation legal entities in Indonesia should also be supported by the measurement of the quality of the foundation's legal entity governance. On that basis, it is necessary to prepare a model for measuring the quality of governance for these entities which will be used in this study. The findings of this study are also expected to contribute to the theory of signalling, asymmetrical Information Theory and agency theory in explaining the quality of governance, especially in sharia legal entities. This research uses descriptive qualitative analysis tools and IFIAS. The object of this research is the legal entity foundation that runs the sharia principles registered by the Indonesian Ministry of Law and Human Rights. This research resulted in several things, including: 1) the presentation of the measurement model for the quality of governance of internet-based legal entities; 2) the results of measurements of the quality of governance of internet-based foundation legal bodies by applying the measurement model and applying it to the sample company website.