The Chairperson of the Business and Investment Board of IPB University, Dr Indah Yuliasih, emphasized the importance of Governance, Risk, and Compliance (GRC) in managing asset based businesses within the IPB environment.
Through this approach, business development is aimed not only at increasing revenue but also at upholding public trust and the institution’s reputation as a Legal Entity State University (PTNBH).
In her presentation, she explained that every investment decision at IPB University must go through a mature business planning mechanism.
“We expect that every investment decision will pass through a business plan mechanism, meaning we conduct feasibility studies and carry them out transparently,” she stated.
She added that IPB University holds a unique position as a PTNBH because it manages both separated state assets and state-owned assets. This condition demands a balance between flexibility in conducting business and high public accountability.
According to her, asset based business development is also expected to support the implementation of the Tridarma (Three Pillars) of Higher Education. The existence of campus business units, she said, can serve as a learning platform for students through various practical programs and industrial collaborations.
In managing these businesses, the Investment and Business Board has also identified several risks that need to be mitigated, including asset disputes, regulatory non-compliance, excessive commercialization, and reputational risks.
Therefore, GRC integration is considered a vital instrument to ensure asset optimization while safeguarding IPB University’s academic mission.
Dr Indah also reaffirmed the core principle of campus asset management. “The overarching principle of managing assets at IPB for business is that assets are not for sale. The principle is control without selling,” she emphasized.
With this principle, IPB University maintains asset ownership, while utilization can be carried out through various cooperation schemes such as joint operations (KSO), build-operate-transfer (BOT), or joint ventures.
She hopes that synergy between units within IPB University can strengthen GRC implementation so that oversight does not become an administrative burden, but rather a strategic guide for sustainable campus business development. (dr) (IAAS/HNF)
