In today’s ever-changing corporate world, Good Corporate Governance (GCG) is critical for companies to build a transparent and sustainable environment PT Kimia Farma Trading & Distribution (KFTD) is one of the many companies that adheres to GCG principles.
These principles include transparency, accountability, responsibility, independence, and fairness, collectively known as TARIF. By promoting transparency and accountability, KFTD shows its commitment to preventing corruption.
Core Foundations: Transparency & Accountability
As part of Kimia Farma Group, KFTD puts transparency at the core of its operations. This transparency plays a critical role for maintaining neutrality in business operations while also building trust and long-term relationships with stakeholders, such as company principals, customers, and potential investors.
KFTD’s willingness to provide information to all shareholders, employees, customers, and other third parties demonstrates its dedication to transparency. Aside from that, accountability is another critical foundation for KFTD. This value is promoted by the company by ensuring that its operations are always consistent with applicable laws, regulations, and ethical standards.
Implementing Accountability & Transparency
KFTD takes numerous specific actions to ensure accountability and transparency. The said actions are as follows:
1. Code of Conduct
KFTD has established a Code of Conduct to encourage a clean organization culture and governance. This document provides a foundation for executing the company’s structure as well as operations.
2. Human Resources
KFTD employs strict standards in its requirement process to ensure new staff have high integrity and a dedication to excellent corporate governance. During the recruitment process, comprehensive background checks for each candidate are carried out to ensure all the candidates have no history of unethical behavior.
3. Whistle Blowing System (WBS)
KFTD offers a safe and confidential Whistleblowing System (WBS) for employees to report suspected ethical infractions or corruption. The system encourages employees to actively report any unethical behavior without fear of retaliation.
4. Audits and Inspections
KFTD performs annual reviews and internal audits to ensure compliance with the applied anti-corruption policies. These audits take into account the current condition and urgency of the procedures as well as divisions under examination.
In conclusion, PT Kimia Farma Trading & Distribution (KFTD) continuously adopts and upholds the values of GCG, especially the principles of transparency and accountability. These efforts demonstrate KFTD’s dedication to fostering a corruption-free business environment.