Abstract:
One of the risks in the management of pension funds in the form of insufficient funds are available to meet the
obligation to pay the rights of participants to receive pension benefits. By implementing the principles of good
governance, internal control over risk management in the management of pension funds is believed to help
improve organizational performance of pension funds.This study aimed to examine the effect of good
governance and internal control of the implementation of risk management and its implications for
organizational performance. This study measures the extent of the application of the principles of good
governance and internal control in helping risk management and how much to integrate all three can improve
organizational performance.The results of this study indicate that: (1) good governance does not have a
significant relationship with the internal control, (2) good governance and internal control together or
simultaneously and partially significant effect on risk management, and (3) good governance, control internal
and risk management simultaneously and partially significant effect on the performance of the organization.This
research was conducted at the Pension Fund with a Defined Benefit Pension Plan in the area of West Java,
Banten. The results of this research can increase knowledge and understanding of the importance of applying the
principles of good governance and internal control in managing risk and in turn resulted in increased
organizational performance.
