MULTISTAKEHOLDERS GOVERNANCE FRAMEWORK FOR ONLINE LEARNING MARKETPLACE CONSORTIUM: POWER DYNAMIC PERSPECTIVE
Abstract
This paper proposes a governance model framework for online learning marketplaces in Indonesia. This research uses a case study approach to explore a model that is adequate and suitable to be applied in the context of the Indonesia Cyber Education Institute, which was initiated by Universitas Terbuka, Indonesia. The proposed model was prepared after conducting a literature study, which was validated by expert and stakeholder opinions in a forum group discussion. The study results showed that participants agreed that the consortium should carry out organizational operations based on the principles of transparency, accountability, ethics, sustainability, and fairness. The five basic principles of proposed governance serve as guidelines for governing: (i) organizational governance (structure), (ii) processes and outputs produced by the organization, and (iii) beneficiaries from the implementation of organizational governance. This study contributes to distance learning education to promote governance practices and support a high-quality distance learning education for society.
Supporting Institution
LPPM Universitas Terbuka
Project Number
B/656/UN31.LPPM/PT.01.03/2023
References
- Arnaboldi, F., Casu, B., Kalotychou, E., & Sarkisyan, A. (2020). The performance effects of board heterogeneity: what works for EU banks? European Journal of Finance, 26(10), 897–924. https://doi.org/10.1080/1351847X.2018.1479719
- Bianchi, I. S. (2021). Information technology governance for higher education institutions: A multi-country study. Informatics, 1-28.
- Bruni-Bossio, V., & Kaczur, M. (2022). The power-structure model of non-profit governance. Corporate Governance: An International Review, 30(4), 442–460. https://doi.org/10.1111/corg.12417
- Chang, Y. Y. (2020). The trust model of enterprise purchasing for B2B e-marketplaces. Computer Standards and Interfaces.
- Chigora, F., Katsande, C., Zvavahera, P., Garwe, E. C., & Nyagadza, B. (2022). Transferability of Governance Ethics in the Fourth Industrial Revolution Teaching and Learning Developments: A Distanced Higher Education Assessment in Zimbabwe Amid COVID-19 Pandemic. In K. Ogunyemi & A. I. Onaga (Eds.), Responsible Management of Shifts in Work Modes – Values for a Post Pandemic Future, Volume 1 (pp. 179–195). Emerald Publishing Limited. https://doi.org/10.1108/978-1-80262-719-020221015.
Abstract
Project Number
B/656/UN31.LPPM/PT.01.03/2023
References
- Arnaboldi, F., Casu, B., Kalotychou, E., & Sarkisyan, A. (2020). The performance effects of board heterogeneity: what works for EU banks? European Journal of Finance, 26(10), 897–924. https://doi.org/10.1080/1351847X.2018.1479719
- Bianchi, I. S. (2021). Information technology governance for higher education institutions: A multi-country study. Informatics, 1-28.
- Bruni-Bossio, V., & Kaczur, M. (2022). The power-structure model of non-profit governance. Corporate Governance: An International Review, 30(4), 442–460. https://doi.org/10.1111/corg.12417
- Chang, Y. Y. (2020). The trust model of enterprise purchasing for B2B e-marketplaces. Computer Standards and Interfaces.
- Chigora, F., Katsande, C., Zvavahera, P., Garwe, E. C., & Nyagadza, B. (2022). Transferability of Governance Ethics in the Fourth Industrial Revolution Teaching and Learning Developments: A Distanced Higher Education Assessment in Zimbabwe Amid COVID-19 Pandemic. In K. Ogunyemi & A. I. Onaga (Eds.), Responsible Management of Shifts in Work Modes – Values for a Post Pandemic Future, Volume 1 (pp. 179–195). Emerald Publishing Limited. https://doi.org/10.1108/978-1-80262-719-020221015.
Details
| Primary Language | English |
|---|---|
| Subjects | Setting Standards and Norms |
| Journal Section | Articles |
| Authors | |
| Project Number | B/656/UN31.LPPM/PT.01.03/2023 |
| Publication Date | April 1, 2025 |
| Submission Date | April 18, 2024 |
| Acceptance Date | August 1, 2024 |
| Published in Issue | Year 2025 Volume: 26 Issue: 2 |