Why It is Necessary to Implement Good Corporate Governance to Prevent Corruption in KFTD

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KFTD โ€“ PT Kimia Farma Trading & Distribution โ€“ Code of Conduct has specific purposes, objectives, and benefits to respond to changing regulations and demands of the stakeholders and prevent any violations that potentially occur in KFTD.

The Purposesย 

  • Every person (management and all employees) understands all the company’s activities based on the GCG principles.
  • Encourage all KFTD persons to behave well in carrying out corporate activities.
  • Create a healthy and safe work environment.
  • Minimize the chance of any irregularities or violation issues and can build KFTD’s reputation.

The Objectives

  • As a shared commitment to embody the company’s vision and mission of professionally and ethically doing business
  • As a guide which all persons must obey in performing all company activities
  • As a guideline to avoid conflicts of interest while carrying out all corporate activities
  • To develop harmonious, synergistic, and mutually beneficial relationships between the company’s person and other stakeholders under healthy and ethical corporate principles striving to become a highly competitive company

The Benefits

Consistent and consequent implementation of the KFTD Code of Conduct aims to provide benefits, as shown below.ย 

For KFTD

  • Encouraging more efficient and effective corporate operational activities, considering the relation with stakeholders has ethical standards to follow
  • Increasing the company’s value by providing certainty and protection to stakeholders leads to a good reputation, ultimately creating a successful long-term business.

For the Shareholders

Increasing assurance that the company is managed in a trustful, prudent, efficient, transparent, accountable, and fair manner to achieve the profitability level expected by Shareholders without neglecting the company’s interests.

For Management and All Employees

  • Providing work guidelines to every person concerning the corporate mandatory or prohibited behaviors
  • Creating a work environment that upholds the values of honesty, ethics, and openness that will improve overall performance and productivity

For the Community and Other Relevant Parties

Building a harmonious and mutually beneficial relationship with KFTD will ultimately create social-economic welfare for the community and related parties.

To conclude, KFTD commits to participate in supporting and succeeding government programs in the field of health services, expecting to contribute and provide benefits to internal and external stakeholders by following the GCG and Code of Conduct principles.