KFTD has emboldened its commitment to upholding Good Corporate Governance (GCG) practices, one of which is through a system that ensures internal transparency. Kimia Farma Trading & Distribution achieves this goal by enforcing a Code of Conduct, which serves as a form of internal audit.
With the application of GCG, Kimia Farma Trading & Distribution aims to eradicate unsavory practices such as corruption and gratification.
How KFTD’s Internal Audit Works
Corruption prevention comes from a program called LHKPN or a form of asset declaration. This annual program ensures the commitment of leaders and employees to keep every business department free from bribery and other forms of gratification.
KFTD partnered with the Komisi Pemberantasan Korupsi (KPK) for the socialization and implementation steps. During the virtual meeting on February 12th, 2024, representatives from Kimia Farma Group and KPK discussed implementing the program. Regular asset declaration with full transparency is how Kimia Farma Group ensures accountability in its operations.
KFTD also implements a gratification report, allowing every Kimia Farma Group member to report gratifications and other forms of bribery online. Following the principle of GCG, Kimia Farma Group requires anyone who receives various forms of gratification to make a report, whether it is direct bribery or any form of gifts and services.
How KFTD Gratification Report Works
The gratification reporting process requires KFTD Group members to submit their reports using a printed form directly or through email, with the scanned form attached. To respond to the reports, KFTD formed UPF, a special department tasked to process gratification reports. They will analyze the reports and conduct cross-checking and interviews to determine the gratification status.
The annual asset declaration (LHKPN) and gratification report are part of the corruption risk management and prevention program. By conducting these programs, KFTD has shown its commitment to applying GCG in all business aspects.