What makes a company strong and credible? Good corporate governance is not only one of the many important elements that keep the company going, but a cornerstone of KFTD’s integrity and trustworthiness.
PT Kimia Farma Trading & Distribution (KFTD) as part of Kimia Farma Group implements the principles of good corporate governance to continue increasing its company’s value and long-term business growth. This has increased the trust of shareholders and all stakeholders.
As part of its management in its business activities, KFTD always strives to be free from corruption, collusion, and nepotism in all practices. Preventing them from happening in the company is the only way for its management to be trustworthy, transparent, and accountable.
The 3 Examples of KFTD’s Good Corporate Governance Implementation to Prevent Bribery and Corruption
Then, what are the three (3) examples of good corporate governance implementation in KFTD? To prevent bribery and corruption, these are the examples:
Transparency.
The records and processes of every activity in KFTD must be transparent and available to shareholders and stakeholders. This is why KFTD won the KIP Awards 2023 (an award for Public Information Openness). They implement good corporate governance through LHKPN (Laporan Harta Kekayaan Pejabat Negara or State Officials’ Wealth Report, a system that requires state officials to report their wealth and assets).
Responsiveness.
The responsiveness of all staff in KFTD is crucial in supporting transparency. If they happen to witness the possibility of an act of bribery or corruption, they are empowered to be as responsive as possible. A quick alert must be made to the supervisor (or anyone in charge).
Accountability.
Accountability means holding anyone responsible for bribery and corruption accountable, whether at the management level or among all employees. Preventing bribery and corruption is a collective responsibility that all staff in KFTD are committed to, ensuring the company’s good corporate governance.
It is important for KFTD to keep implementing these examples as part of their good corporate governance to prevent bribery and corruption.