Kimia Farma Trading & Distribution determines several crucial factors to create a clean business process. Among these factors is due diligence, which is important in mitigating bribery risks. The anti-bribery operational control of due diligence is related to the anti-bribery management system, which is implemented by good corporate governance principles.
Anti-Bribery Due Diligence in KFTD
Kimia Farma Trading and Distribution always performs quality due diligence to ensure that anti-bribery controls are effectively implemented in operational areas with high corruption risks. Due diligence involves identifying, verifying, and monitoring transactions to ensure they are according to customer profiles.
The following are some quality due diligence processes carried out by KFTD:
1. Human Resourcesย
The first step in preventing corruption in KFTD is to ensure that all human resources working in the company are competent and skilled and understand the role of clean, good corporate governance. Human resources due diligence starts with the recruitment process. It continues by holding training or reassigning positions for all employees to ensure they can do their jobs and uphold the KFTD code of ethics.
2. Business Partner
KFTD ensures a clean business process by conducting due diligence on its partners, including distributors, vendors, and contractors. KFTD also briefly assesses its joint venture partners to see how they handle any bribery or corruption issues.ย
3. High-risk Business Activities
Due diligence is also carried out in all business activities with a high risk of bribery and corruption. That includes verification of financial transactions, feasibility study of new investment, and feasibility test for all projects valued at more than 200 million in the contract.
Implementing due diligence also emphasizes that KFTD has zero tolerance towards bribery and corruption.