IPB University Investment and Business Board Promotes Transparent Asset Management Through GRC Implementation
The Head of IPB University’s Investment and Business Board, Dr Indah Yuliasih, has emphasised the importance of governance, risk, and compliance (GRC) in managing asset-based businesses within IPB University’s operations.
Through this approach, business development is directed not only towards revenue increase, but also towards safeguarding public trust and the institution’s reputation as a state-legal-entity higher education institution (PTNBH).
In her presentation, Dr Yuliasih explained that every investment decision at IPB University must undergo mature business planning mechanisms. “We hope that each investment decision will go through a business plan mechanism, meaning we conduct feasibility studies and carry it 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 requires balance between flexibility in conducting business operations and high public accountability.
According to Dr Yuliasih, asset-based business development is also expected to support the implementation of the university’s core missions in education, research, and public service. The existence of campus business units, she noted, can serve as a learning platform for students through various practical training programmes and industry partnerships.
In managing these businesses, the Investment and Business Board has identified several risks requiring mitigation, including asset disputes, regulatory non-compliance, excessive commercialisation, and reputational risk. Consequently, GRC integration is considered an important instrument to ensure asset optimisation whilst maintaining IPB University’s academic mission.
Dr Indah also emphasised the overarching principle in managing campus assets. “The main principle of asset management at IPB for business purposes is that assets are not for sale. The principle is control without selling,” she affirmed.
With this principle, IPB University retains asset ownership whilst their utilisation can be pursued through various cooperation schemes such as joint operations (KSO), build-operate-transfer (BOT) arrangements, or joint ventures.
She expressed hope that synergy among IPB University’s units can strengthen GRC implementation, so that oversight does not become an administrative burden but rather serves as strategic guidance in sustainable campus business development.