Preventing corruption and bribery is crucial in the vast and highly regulated pharmaceutical business. As part of Kimia Farma Group, PT Kimia Farma Trading & Distribution (KFTD), understands how vital it is to preserve moral principles.

KFTD’s use of solid anti-corruption procedures indicates its dedication to transparency and integrity. Let’s delve into how KFTD preserves its reputation while efficiently handling the sensitive subject of gratuities.ย 

1. Clear Policies and Training

KFTD’s anti-corruption rules are detailed and communicated throughout the company. Employees receive regular training on ethical conduct, emphasizing the consequences of violating these guidelines. KFTD fosters awareness and ensures everyone understands their role in preventing corrupt practices.

2. Due Diligence in Business Relationships

KFTD conducts thorough due diligence before engaging with suppliers, clients, or partners. This process assesses the integrity of potential collaborators, identifying any red flags related to bribery or corruption. By vetting business relationships, KFTD minimizes risks and maintains a transparent environment.

3. Monitoring and Reporting

KFTD implements robust monitoring mechanisms. Regular audits and internal controls track financial transactions, ensuring compliance with anti-corruption policies. Employees are encouraged to report any suspicious activity through a whistle-blowing channel. Whistleblower protection further incentivizes reporting, fostering a culture of accountability.ย 

4. Zero Tolerance for Gratuities

KFTD maintains a strict โ€œno-gratuitiesโ€ policy. Employees are prohibited from accepting gifts, favors, or any inducement that could compromise their impartiality. By consistently enforcing this policy, KFTD safeguards its reputation and builds stakeholder trust.

5. Collaborating with Authorities

KFTD collaborates with relevant authorities, such as anti-corruption agencies and law enforcement. By sharing information and cooperating in investigations, KFTD contributes to a broader effort to combat corruption within the industry.

Kimia Farma Trading & Distribution commitmentย  to prevent bribery and corruption sets a positive example for other businesses. By prioritizing transparency, due diligence, and employee awareness, KFTD demonstrates that ethical practices are not just a legal requirement but a fundamental aspect of sustainable success.