Bribery is a crime that can ruin a company’s integrity. Given how bribery can encourage dishonest and predatory business competition, it is hardly surprising how it has become so vilified in many large companies. Hence, PT Kimia Farma Tbk and its subsidiary PT Kimia Farma Trading & Distribution (KFTD) have created an Anti-Bribery Management System Guideline with an updated version in 2022 that must be adhered to by all Kimia Farma members from management to staff level.
Guideline’s Summary
The anti-bribery guideline Kimia Farma Trading and Distribution used to prevent legal issue is the Anti-Bribery Management System (SMAP). This aims to deter all bribery practices within the company and apply the principles of good corporate governance (GCG) to Kimia Farma’s stakeholders. This system is implemented in the following ways:
- Complying with all applicable anti-bribery laws and regulations.
- Establishing the duties, responsibilities, and authority of the anti-bribery compliance function.
- Setting SMAP’s objectives.
- Ensuring the availability of resources for SMAP’s implementation.
- Disseminating the anti-bribery policy to stakeholders.
- Ensuring each work unit conducts bribery risk assessment and control.
- Providing a reporting system for indications of bribery.
- Conducting periodic reviews of the effectiveness of SMAP’s implementation for continuous improvement.
- Ensuring that Kimia Farma’s anti-bribery strategy and policy are in place.
SMAP’s Continuous Updates
Naturally, there is always room for improvement in the SMAP so that Kimia Farma can prevent any bribery that could occur. According to Kimia Farma, SMAP’s quality improvement could include improving the performance and effectiveness of the system and correcting any flaws that bribery perpetrators could exploit.
If Kimia Farma Trading & Distribution (KFTD) finds any exploitable flaws in SMAP, they will conduct monitoring and inspection before updating the list of potential risks. Therefore, the SMAP update process ends with a continuous improvement process that is perceptive to all internal and external challenges.
Conclusion
With this anti-bribery guideline, KFTD’s integrity can be well maintained, and Kimia Farma can prevent any crime that could undermine its reputation and business. Furthermore, the updating mechanism ensures that this guideline is always relevant to all types of bribery practices that become more sophisticated every year.