PT Kimia Farma Trading & Distribution (KFTD) is firmly committed to conducting business with the utmost respect for Good Corporate Governance (GCG) principles. Kimia Farma Trading & Distribution recognizes that GCG is a crucial foundation for building trust and achieving sustainable success.
Implementation of GCG
KFTD integrates GCG principles throughout all operational aspects, including applying AKHLAK Culture (State-Owned Core Values) as part of employee performance. AKHLAK is the abbreviation of Amanah (Trustworthy), Kompeten (Competent), Harmonis (Harmonious), Loyal (Loyal), Adaptif (Adaptive), and Kolaboratif (Collaborative):
Amanah (Trustworthy)
Ensures transparency & accountability through accurate communication and responsible decision-making.
Kompeten (Competent)
Enables responsible outcomes via qualified employees making sound decisions.
Harmonis (Harmonious)
Fosters fairness by promoting a collaborative work environment with equitable resource distribution.
Loyal (Loyal)
Translates to responsibility by upholding ethical standards and taking ownership of social/environmental impacts.
Adaptif (Adaptive)
Ensures sustainable operations by allowing this company to adjust to changing regulations and stakeholder needs.
Kolaboratif (Collaborative)
Strengthens accountability by encouraging information sharing and mutual responsibility for upholding GCG.
In essence, AKHLAK fosters a culture of ethical behavior and responsible decision-making, building a solid foundation for effective GCG at KFTD.ย
By integrating these core values into employee performance evaluations, KFTD ensures that GCG principles are not just theoretical concepts, but actively practiced behaviors. This reinforces a culture of transparency, accountability, and responsible decision-making at all levels of the organization. This not only builds trust with stakeholders but also positions KFTD for long-term success in a competitive and ever-changing landscape.
Dedication to GCG
KFTD upholds its GCG commitment through several measures, such as:
– Maintaining an independent and competent Board of Commissioners and Board of Directors.
– Establishing and enforcing a strict Code of Conduct.
– Implementing a whistleblowing system allowing employees to report GCG violations.
– Integrating ESG (Environmental, Social, and Governance) factors into decision-making processes.
– Conducting regular internal and external audits.
– Maintaining regular communication with stakeholders, including investors, employees, customers, and communities.
By implementing these additional measures, KFTD demonstrates a comprehensive approach to GCG that goes beyond the foundation laid by the AKHLAK core values. This holistic approach fosters trust, transparency, and long-term sustainability for the company.
Benefits of GCG Implementation
KFTD‘s commitment to GCG yields several advantages, including:
– Enhanced investor and business partner trust.
– Increased efficiency and effectiveness of company operations.
– Elevated company value.
– Solidified company reputation.
KFTDKFTD is dedicated to continuously conducting business with the highest ethical standards. KFTD firmly believes that GCG is the cornerstone for building a sustainable and trustworthy company.