Transparency and Accountability: KFTD’s Main Principles in Preventing Corruption

Transparency and accountability play crucial roles in preventing corruption. PT Kimia Farma Trading & Distribution (KFTD) as part of Kimia Farma Group understands this clearly. To integrate transparency and accountability to promote ethical conduct and discourage corruption, here’s how these principles work in KFTD.

Transparency

Transparency in business means ensuring and providing various aspects of the company’s performance, activities, and decisions openly, clearly, and straightforwardly. Here’s how transparency helps prevent corruption.

Accessible Information

As a State-Owned Pharmaceutical Distribution company, the first fundamental principle in KFTD’s transparency is ensuring all information about the company’s policies, decisions, changes, and financial information is accessible to the public. Open access to information can prevent risks of corruption.

Whistleblower Protection

In KFTD’s Whistleblowing System, the company establishes procedures to protect persons who report corruption or unethical practices. By implementing this system, more people are not afraid to come forward.

Clear Procedures and Policies 

Having well-defined and publicly available procedures and policies is important in KFTD. Clear procedures and policies inform employees about the standards they need to follow. This principle nurtures a fair and organized workplace and risk management.

Stakeholder Engagement

Stakeholder engagement is crucial to creating a transparency culture in business. This way, KFTD can proactively examine the needs, concerns, and expectations of anyone who has a stake. By involving stakeholders in the decision-making process, a company can see a better vision.

Accountability

Besides transparency, accountability also helps the company prevent corruption. An accountability system makes everyone in KFTD, from top executives to staff, more responsible for their actions and decisions. Here’s how accountability is implemented in the company.

Clear Roles and Responsibilities

Defining the roles and responsibilities of everyone in the company, lets them understand what is expected from their work, how they should contribute, and defined delegation of authority. Therefore, a more organized working environment can be accomplished. 

Monitoring and Evaluation

Regular evaluation and monitoring, including internal audits, assessments, and performance reviews, are important to build strong accountability and prevent unethical practices such as corruption or nepotism.

Transparency in Enforcement Actions

Penalties and punishment for those who commit corruption imposed on the public can deter others from engaging in the same unethical practices.

Both transparency and accountability in PT Kimia Farma Trading & Distribution (KFTD) help the company create an environment that deters corruption and promotes ethical behavior.