Kimia Farma Trading & Distribution (KFTD) stands as a stalwart in the fight against corruption, collusion, and nepotism. Their commitment to Good Corporate Governance (GCG) is evident through a comprehensive approach to managing gratuities.
Understanding Gratuities at KFTD
Gratuities—whether gifts, favors, or entertainment—have the potential to create conflicts of interest and impact the independence, fairness, and professionalism of KFTD personnel, including the Board of Directors, Board of Commissioners, and all employees. Whether these gratuities are given, received, or solicited, domestically or internationally, KFTD takes them seriously.
Gratuities represent a fine line between a genuine gift and an attempt to influence decisions. Therefore, KFTD remains vigilant regarding all forms of gratuities, recognizing them as potential risks for bribery practices.
Reporting KFTD Gratuities
To address the Legal Issues in KFTD, gratuities within KFTD must be reported within a maximum of 10 working days from the date of receipt. Reports can be submitted to the gratuities Control Unit in various formats, including hard copy, email (PDF/JPEG), or using the Gratuities Report Forms.
Following submission, the Gratuities Control Unit is responsible for analyzing and investigating each report to determine the ownership status of the gratuities—whether they belong to the individual, the company, or the state.
Gratuities Limits and Protections
KFTD has established clear limits on gratuities that Do Not Need to be Reported, which include:
- Gifts within the family, as long as there is no conflict of interest.
- Interest or profits from personal funds placement, investments, and stock ownership.
- Benefits from employee organizations.
- The equipment provided to participants during official activities.
- Other generally accepted matters that are not related to official duties and do not violate the code of ethics of the relevant officials.
Additionally, KFTD safeguards the rights of those reporting gratuities, ensuring updates on their reports and protecting the confidentiality of their identity, personal security, family, and assets.
These strict guidelines on gratuities reflect KFTD’s effort and dedication to preventing Corruption that potentially occurs in KFTD. By setting these standards, the company promotes ethical business practices and fosters a culture of integrity and transparency. Their approach is a shining example of Good Corporate Governance, demonstrating that ethical compliance and corporate success go hand in hand.