Newsroom
- VADS
- Newsroom
- Anti-Bribery Policy Socialization at PT VADS Indonesia
Anti-Bribery Policy Socialization at PT VADS Indonesia
10 September 2024
As a company that prioritizes integrity and good governance, PT VADS Indonesia is committed to enforcing a strict and consistent anti-bribery policy. This policy is part of the implementation of the Anti-Bribery Management System (ABMS) in accordance with the Indonesian National Standards (SNI) and the applicable laws in the Republic of Indonesia.
Anti-Bribery Statement
PT VADS Indonesia upholds its anti-bribery stance by implementing the 4 NO’s principles in all its business activities and operations. These principles are:
- No Bribery – Rejecting all forms of bribery, extortion, or coercion.
- No Kickback – Prohibiting the acceptance or giving of commissions, gratuities, or any form of incentive.
- No Gift – Banning the acceptance of inappropriate gifts.
- No Luxurious Hospitality – Ensuring simplicity in hospitality and avoiding extravagant receptions.
By adhering to these principles, PT VADS Indonesia commits to maintaining integrity and ensuring that all business relationships are free from bribery.
Zero Tolerance for Violations
The company enforces a zero-tolerance policy against any form of violation related to corruption, particularly bribery. Any actions that violate the laws on corruption eradication will be addressed in accordance with the applicable regulations.
Implementation and Monitoring
As part of this anti-bribery policy, PT VADS Indonesia ensures that all employees and stakeholders comply with the following:
- The Company’s Code of Conduct
- Core Values
- The 4 NO’s Principles
The company also regulates potential conflicts of interest among employees. Any conflict that poses a potential risk must be declared and addressed according to the company’s policies.
Regular Training and Education
PT VADS Indonesia conducts regular training and socialization sessions on corruption prevention, the application of the 4 NO’s principles, and business integrity development. These training sessions are designed to ensure that all employees are fully aware of the importance of maintaining integrity in all activities.
Independent Anti-Bribery Compliance Function
The company has established an Independent Anti-Bribery Compliance Function, responsible for overseeing the implementation of this policy. This function actively ensures that all business processes align with the principles of integrity.
Sanctions and Actions
Any violation of the Code of Conduct or the 4 NO’s principles will result in sanctions in accordance with company policies. PT VADS Indonesia enforces strict consequences for anyone found engaging in activities that are inconsistent with this anti-bribery policy.
Adherence to Regulations
This policy is grounded in various legal frameworks in Indonesia, including:
- KPK Regulation No. 2 of 2019 on Gratification Reporting
- Law No. 20 of 2001 on the Eradication of Corruption
- Law No. 11 of 1980 on Bribery
- ISO 37001:2016 on Anti-Bribery Management Systems
As part of TM ONE, PT VADS Indonesia also refers to the Parent Company’s Code of Conduct to ensure that all operations adhere to high standards of business ethics.
By implementing this anti-bribery policy, PT VADS Indonesia is committed to continuously enhancing transparency and accountability in all its business processes, thereby maintaining the trust and reputation of its clients and stakeholders.
Related News
13 September 2024
10 September 2024
06 September 2024
04 September 2024
02 September 2024
02 September 2024
09 August 2024
05 August 2024
26 July 2024
23 July 2024
02 July 2024
25 June 2024
18 June 2024
14 June 2024
06 June 2024
31 May 2024
24 May 2024
26 April 2024
02 April 2024
08 March 2024
05 March 2024
01 March 2024
29 February 2024
27 February 2024
23 February 2024
20 February 2024
16 February 2024
13 February 2024
09 February 2024
06 February 2024
02 February 2024
30 January 2024
26 January 2024
23 January 2024
19 January 2024
17 January 2024
12 January 2024
09 January 2024
05 January 2024
04 January 2024
29 December 2023
26 December 2023
20 December 2023
13 December 2023
08 December 2023
05 December 2023
28 November 2023
23 November 2023
17 November 2023
14 November 2023
09 November 2023
08 November 2023
01 November 2023
24 October 2023
17 October 2023
17 October 2023
11 October 2023
10 October 2023
06 October 2023
04 October 2023
29 September 2023
27 September 2023
26 September 2023
22 September 2023
21 September 2023
15 September 2023
08 September 2023
01 September 2023
22 August 2023
18 August 2023
15 August 2023
15 August 2023
04 August 2023
26 July 2023
21 July 2023
04 July 2023
03 July 2023
30 June 2023
09 June 2023
01 June 2023
30 May 2023
26 May 2023
19 May 2023
17 May 2023
12 May 2023
04 April 2023
16 March 2023
09 March 2023
24 February 2023
22 February 2023
14 February 2023
13 February 2023
09 February 2023
31 January 2023
26 January 2023
23 January 2023
19 January 2023
12 January 2023
10 January 2023
06 December 2022
31 August 2022
17 June 2022
09 May 2022
20 April 2022
06 April 2022
01 April 2022
25 February 2022
23 February 2022
21 February 2022
18 February 2022
15 February 2022
11 February 2022
08 February 2022
07 February 2022
04 February 2022
02 February 2022
31 January 2022
17 January 2022
14 January 2022
07 January 2022
03 January 2022
28 December 2021
07 December 2021
01 November 2021
27 October 2021
25 October 2021
18 October 2021
15 October 2021
14 October 2021
21 September 2021
22 April 2021
15 April 2021
13 April 2021
08 April 2021
05 April 2021
26 March 2021
23 March 2021
18 March 2021
15 March 2021
12 March 2021
09 March 2021
04 March 2021
02 March 2021
26 February 2021
23 February 2021
19 February 2021
16 February 2021
11 February 2021
09 February 2021
04 February 2021
02 February 2021
26 January 2021
21 January 2021
19 January 2021
14 January 2021
12 January 2021
07 January 2021
05 January 2021
29 December 2020
17 December 2020
15 December 2020
10 December 2020
08 December 2020
04 December 2020
02 December 2020
18 November 2020
16 November 2020
13 November 2020
11 November 2020
10 November 2020
09 November 2020
06 November 2020
04 November 2020
28 October 2020
23 October 2020
12 October 2020
09 October 2020
06 October 2020
02 October 2020
30 September 2020
23 September 2020
19 September 2020
26 August 2020
22 July 2020
23 April 2020
16 April 2020
09 April 2020
26 March 2020
19 March 2020
12 March 2020
05 March 2020
27 February 2020
20 February 2020
13 February 2020
06 February 2020