Rural Development Lessons: Institutional Insights on Good Corporate Governance in Village Owned Enterprises

This study examines the institutional dimensions of BUMDes Berkaho in implementing Good Corporate Governance (GCG) through the lens of institutional theory, employing a qualitative case study approach. The findings reveal that BUMDes Berkaho integrates GCG principles through responsive and innovative transparency, leadership, accountability, fostering and responsibility. Its operations are structured around legal frameworks, a clearly defined vision and mission, and organizational bylaws. Financial resources, infrastructure, and technology are managed effectively with government support, ensuring alignment between development programs, community needs, and local economic potential. A well structured internal governance system further enhances transparency and accountability, underscoring the relevance of institutional theory in strengthening BUMDes as a catalyst for sustainable local economic growth.