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Prevention of Conflict of Interest as a Measure to Mitigate Corruption in KFTD

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Conflict of interest is defined as a situation where an individual judgment or action is impaired due to personal interests, such as kinship, financial, and social factors. It is known as the most common corruption risk factor. As a state-owned company, PT Kimia Farma Trading & Distribution (KFTD) takes this matter seriously.

There is an understanding that conflicts of interest can result in various unethical actions, such as bribery and corruption. These illegal activities are not aligned with the company’s values and can also reduce the public’s trust in the company. 

Company’s Guideline to Prevent Conflict of Interest

The company implements certain principles to prevent conflict of interest that may lead to corruption across all of its levels:

1. Strict measures on workers

To maintain KFTD integrity, the company imposes strict measures on its employees. Individuals at risk of conflict of interest while performing their responsibilities can be prevented from doing said tasks. These employees cannot receive gifts from partners or use the company’s resources for outside purposes.

2. Focusing on public interest

The company emphasizes serving the public interest. This means that all policies within the organization are created based on the stakeholders’ interests instead of personal ones. This principle especially emphasizes the need to adhere to existing regulations.

3. Cultivating transparency

The company is also committed to cultivating transparency across all departments. All employees must declare any conflicts of interest that can hinder them from performing their jobs effectively. The company’s employees should also be open to participating in resolving issues related to this. 

4. Nurturing personal responsibility and exemplary attitude

In addition to enforcing rules to prevent corruption due to conflict of interest, the company also tries to nurture personal responsibility and exemplary attitudes among employees. 

5. Creating a suitable organizational environment

The company also works to create an organization conducive to corruption prevention efforts. It creates space for open communication between employees and management. The conversation about conflict of interest is also encouraged to raise employee awareness.

KFTD is a company that aims to mitigate corruption by preventing conflict of interest among its employees. It continuously improves its policy to accommodate employees and other stakeholders better.