As an esteemed company in the field of pharmaceutical and medical supply chain, Kimia Farma Trading & Distribution (KFTD) constantly commits to building healthy business practices and encouraging good corporate governance. KFTD integrity is proven through the implementation of an anti-bribery system which follows the standardization of ISO 37001:2016 certificates.
A Brief Introduction of KFTD’s Anti-Bribery System
In line with implementing the principles of good corporate governance, KFTD implements a system consisting of organizational structures, activities, resources, and procedures to prevent Bribery and Corruption issues in KFTD, namely, the Anti-Bribery Management System.
The system is applied with the aim of developing and instigating the anti-bribery policy in KFTD . To achieve such goals, KFTD needs to carry out several preparatory procedures, including composing the system guide, analyzing supporting documents, and performing risk assessment.
Risk Assessment Procedures in the Anti-Bribery System
KFTD Bribery Risk Assessment is a process of identifying, assessing, and evaluating any potential risk of bribery practices within the company. Such a process aims to reduce the significant effects of the aforementioned risks. The process serves as the last step in the implementation of an anti-bribery system.
Moreover, risk assessment is also important to prevent and tackle the practices of bribery and corruption, particularly in KFTD. This is because the process involves a set of procedures that address corruption issues as well. The procedures of anti-bribery risk assessment are carried out through the following steps:
- Identifying the risks of bribery practices.
- Analyzing the causes of bribery risks.
- Assessing the level of risks to prioritize its significance.
- Organizing mitigation and its responsible authority, as well as determining the deadline of mitigation to reduce the risks of bribery.
- Evaluating the suitability and effectiveness of mitigation procedures.
- Periodically monitor and evaluate the risk management of bribery practices based on the structural reports from each company unit.
Taking such procedures into account, KFTD has proven itself to be a company that successfully adheres to the principles of good corporate governance. Therefore, its vision of becoming a renowned pharmaceutical and medical supply distribution company can be achieved.