KEY SUCCESS FACTOR RISK MANAGEMENT COMMITTEE & SEPARATE WITH ERM MODEL TO ACTUALIZE GOOD CORPORATE GOVERNANCE AND AUDIT COMMITTEE PERFORMANCE ON NON-FINANCIAL INDONESIA STOCK EXCHANGE COMPANIES (Study CaseonNon-Financial IDX Companies)

Abstract

The purpose of this research is to analyze key success factor that influence Risk Management Committee and Separate Risk Management Committee. The factors that used include: independent commissioner, board size, meeting frequency of board commissioner, education background of prior board commissioner, auditor reputation, risk of financial report, profitability, company complexity, leverage and company size. This research uses 156 of non-financial companies listed in Indonesia Stock Exchange as sample in year 2012 to 2013. Purposive sampling is the sampling method. This research uses logistic regression in hypothesis testing. The result shows that education background of prior board commissioner and leverage significantly influence toward RMC as well as SRMC, then for board size, auditor reputation and risk of financial report influence toward RMC but not influence SRMC, meanwhile for independent commissioner, meeting frequency of board commissioner, profitability, company complexity and company size do not significantly influence toward RMC as well as SRMC.

Keywords: Independent Commissioner, Board Size, Meeting Frequency of Board Commissioner, Education Background, Auditor Reputation, Risk of Report, Profitability, Company Complexity, Leverage, Company Size, Risk Management Committee, Separate Risk Management Committee.