How KFTD Took on the Challenge of Preventing Corruption Through Its Policies

Bribery and corruption are like parasites; once they have taken down their roots, they will only spread and eventually destroy the host. Thus, the best way to eradicate them is to prevent them from happening in the first place. Implementing and enforcing anti-corruption policies is one of the most efficient ways to tackle the challenge of preventing corruption, and PT Kimia Farma Trading & Distribution (KFTD) has proactively and successfully done this.

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The Challenge

While policymaking regulates how a business handles its operations, it would only amount to something with proper enforcement of said policies. Therefore, to prevent bribery or other misconduct on fundamental levels, the company must build an entire system dedicated to deploying and enforcing the policies. Such a system typically includes a series of regulations and several guidelines, including how to file a report should suspicious activities be detected.

How KFTD Took on The Challenge?

KFTD prevents operational misconduct in its business operations by implementing a comprehensive bribery and corruption prevention system. The system combines several regulations, guidelines, and an ISO-certified business operation, ensuring a robust defense against corruption.

In terms of company regulations, KFTD has implemented several regulations relating to how the company handles its business operations, such as:

The guidelines released by KFTD in their effort to prevent bribery and corruption within their business operation include:

In conclusion , Good Corporate Governance (GCG) practices not only became the basis for KFTD’s Bribery and Corruption Policies but also served as a testament to the company’s commitment to ethical business practices. By upholding these GCG practices and managing its business operations according to corporate regulations and guidelines, KFTD took on the challenge of preventing corruption.