THE EFFECT OF GOOD CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE AND CORPORATE VALUE IN ERA 4.0 AND SOCIETY 5.0 Retno Ryani Kusumawati retno.rk@gmail.com Indra Sulistiana sulistianaindra@yahoo.com Bella Saputri Bellaanggriani455@gmail.com Accounting Department Sekolah Tinggi Ilmu Ekonomi Banten ABSTRACT This study was conducted to determine the effect of Good Corporate Governance (GCG) on Financial Performance and Company Value in State-Owned Corporation in Indonesia in the era of 4.0 and society 5.0. Research subjects are state-owned corporation listed on the Indonesia Stock Exchange (IDX) for the 2013-2017 period. The samples taken are 10 State-Owned Corporation (BUMN) that are included in the criteria. The method used to analyze the relationship between variables in this study is multiple linear regression analysis. Hypothesis test results show that the Independent Board of Commissioners and Audit Committee have an effect on the Return on Assets (ROA) with a significance value of 0.012. The results of testing the second hypothesis Independent commissioners and audit committees have no simultaneous effect on Company Values with a significance value of 0.082. Partially the independent Board of Commissioners has an effect on Return On Assets (ROA) and company value. While the second variable of the Audit Committee does not affect the Return on Assets (ROA) and company value. Keywords: Board of Commissioner, Audit Committee, Financial Performance, Return On Assets (ROA), Corporate Value, Tobins’Q. 1. INTRODUCTION Era 4.0 is marked by the use of information technology and big data as the main tool in the economy and human life. Industry reform will affect business by reducing the use of HR replaced by technology, increasing online transactions. In early 2019 Japan launched Society 5.0 as a continuation of Revolution 4.0. In this era, technology is not only in business but how everyday human activities are integrated with information technology and databases. The combination of the use of artificial, drown, robots and big data will optimize technology in providing support and support for human daily activities, including to improve health and education (Haryanti, 2019). But digitalization without good governance will only result in losses. Many cases of security that occur ranging from theft and misuse of data, falsification of transactions, to the cessation of service due to disruptions incorporate information technology that can result in losses for the company and also users. Risks faced by the company include security risk, reputation risk, operational risk, and also compliance risk. It is necessary to apply risk management and good internal control as