Trust and transparency are essential in today’s business world. PT Kimia Farma Trading & Distribution (KFTD), a PT Kimia Farma Tbk subsidiary, understands this principle well. KFTD actively enforces good corporate governance and a rigorous anti bribery stance, solidifying its position as a leader in ethical business conduct within Indonesia.
In a recent effort to promote transparency and anti bribery, PT Kimia Farma Trading & Distribution (KFTD) collaborated with the Corruption Eradication Commission of Indonesia (KPK RI) to hold a virtual training session on filing LHKPN (State Officials’ Wealth Report). This online event, held on February 12th, 2024, via Zoom, was attended by senior leadership from across the entire Kimia Farma Group.
Building a Foundation of Good Corporate Governance
In its pursuit of fostering good corporate governance, KFTD employs a strategic approach encompassing several key initiatives:
- Transparency at its Core: KFTD prioritizes transparent decision-making processes.
- Accountability for All: A clear structure defines the organization’s roles, responsibilities, and reporting hierarchies.
- Avoid any Legal Issue: KFTD prioritizes strict compliance with relevant regulations and industry best practices.
- Proactive Risk Management: KFTD has established a robust risk management framework to identify and mitigate potential governance issues proactively. This approach minimizes the risk of unethical conduct and promotes responsible decision-making.
Eradicating Bribery Through Stringent Measures
- Zero Tolerance for Unethical Conduct: KFTD maintains a resolute zero-tolerance policy towards KFTD bribery and corruption.
- Empowering Employees to Speak Up: KFTD offers a confidential whistleblowing system. Employees can anonymously report suspected bribery or other ethical violations, fostering a culture where employees feel empowered to speak up without fear of retaliation.
- Scrutinizing Third-Party Relationships: KFTD implements thorough due diligence procedures when selecting and working with third-party vendors and partners. This process helps identify and mitigate potential Legal Issues associated with external relationships, ensuring ethical conduct throughout the business ecosystem.
- Equipping Employees for Ethical Choices: KFTD provides regular anti-bribery training for all employees.
Conclusion
PT Kimia Farma Trading & Distribution (KFTD) demonstrates a commendable commitment to good corporate governance and a resolute stance against Legal Issue comprehensive approach, encompassing transparent decision-making, robust risk management, and a zero-tolerance policy towards bribery, positions KFTD as a leader in ethical business conduct within Indonesia. By prioritizing good governance and ethical practices, KFTD fosters trust, minimizes risks, and paves the way for sustainable success.