The Extractive Industries Transparency Initiatives Challenges of Transparency in the Extractive Industry Sector

Fuad Mahbub Siraj, Gilang Cempaka, Leonita Syarif

2019

Abstract

Transparency is a solution to various problems in the extractive industry and also perceived as the main prerequisite to achieving good governance. Transparency in the extractive industry can encourage the quality of natural resource management so that natural resources owned by Indonesia are expected to have a significant effect on people's welfare and development. EITI (Extractive Industries Transparency Initiatives) is a global standard for transparency in the extractive industry sector. The advantage of Indonesia to implement transparency according to the EITI Standards from the perspective of the government is that transparency will facilitate the process of communication and information to the public. Through published information, the public can find out how far the government records and manages extractive industry sector utilization. From a business standpoint, transparency will provide equal information to all parties. With the same information, business people will compete healthily to provide optimal benefits for the country. From the perspective of the community, transparency can provide information to the public about the natural resources extracted from the region. Communities can monitor whether management is appropriate and provide fair benefits.

Paper Citation

in Harvard Style

Siraj F., Cempaka G. and Syarif L. (2019). The Extractive Industries Transparency Initiatives Challenges of Transparency in the Extractive Industry Sector.In Proceedings of the 1st International Conference on Anti-Corruption and Integrity - Volume 1: ICOACI, ISBN 978-989-758-461-9, pages 49-55. DOI: 10.5220/0009399500490055

in Bibtex Style

@conference{icoaci19,
author={Fuad Mahbub Siraj and Gilang Cempaka and Leonita Syarif},
title={The Extractive Industries Transparency Initiatives Challenges of Transparency in the Extractive Industry Sector},
booktitle={Proceedings of the 1st International Conference on Anti-Corruption and Integrity - Volume 1: ICOACI,},
year={2019},
pages={49-55},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009399500490055},
isbn={978-989-758-461-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on Anti-Corruption and Integrity - Volume 1: ICOACI,
TI - The Extractive Industries Transparency Initiatives Challenges of Transparency in the Extractive Industry Sector
SN - 978-989-758-461-9
AU - Siraj F.
AU - Cempaka G.
AU - Syarif L.
PY - 2019
SP - 49
EP - 55
DO - 10.5220/0009399500490055