This study aims to develop a GUG main factors of previous studies. First,
the need to involve the formulation of the vision, mission, and purpose of the
college is based on the moral and ethical high in GUG build (AWI / MCI
Program, 2010; Indrajit and Djokopranoto, 2006). Secondly, GUG’s Guidlines in
various OECD member countries stressed how important the role of governance
structure and credibility in the implementation of the principles of GUG (Henard
and Mitterle, 2010). Third, the existence of the main principles GUG known that
fairness, responsiveness, accountability, transparency, and autonomy of
universities (World Bank, OECD, UNDP, AWI / MCI Program, 2010; Henard
and Mitterle, 2010; Indrajit and Djokopranoto 2006 ). Furthermore, these
dimensions were tested to find the main factors GUG. This study used an
explanatory design and processed using Structural Equation Model approach.
The test results showed that the study variables showed good validity and. The
results of the study illustrate the change in the composition of the major factors
that is known GUG become Fairness, Responsibility, Governance Structure, and
Accountability. Other variables such as vision-mission, transparency, autonomy,
credibility, and ethics can not be proven by this study because it does not meet the
criteria of reliability. This may be because of the data that is dominated by
Accounting Studies Program of private universites taht the most accredited C. It
is possible other variables that are not proven in this study because in principle
these variables has been absorbed by the four variables that have been proven.
The study provides recommendations for further research with the data
partitioned state and private universities and ensure the status of state and private
universities distinction is still relevant in the determination of the main factors
GUG.