Code of Ethics

The Company formulates a Code of Ethics as a guideline for the Company’s employees in acting and behaving ethically in accordance with the Company’s Vision, Mission, and Values so as to reflect the integrity of the Company. The Company’s Code of Conduct, derived from the Directors Decree on Good Corporate Governance (GCG) policies, provides an outline of the organization’s code of ethics. The exploration of the code of conduct considers the company’s vision, mission, cultural values, commitments, and ethical standards.

The Company’s Code of Ethics applies to all levels that have a direct working relationship as a contract or permanent employee, both management and staff levels. This Code of Ethics, among others, regulates relations with external parties, conflicts of interest, and the dissemination of information to the public.
Principles of Corporate Ethics

The Code of Conduct contains general guidelines for relationships between employees and the Company, relationships among employees, relationships with customers, relationships with shareholders, relationships with government, and relationships with the community. The member of the Company should read and comprehend the Code of Conduct as a reference for doing acceptable acts and not doing unacceptable acts. With continuous dissemination and internalization of the Code of Conduct into all elements of the Company and its subsidiaries, employees are expected to better understand how to behave and act.
The Code of Conduct includes:

A. Employee Conduct

  • Business integrity as compliance with the applicable regulations.
  • Not making false statements and false claims primarily related to marketing and negotiations, including costs and expenses, review of specific projects and reporting.
  • Avoiding conflict of interest, particularly in relation to share ownership, either directly or indirectly, insider trading, the use of the Company’s assets for personal interest, doing other work outside the Company that could potentially interfere with productivity and providing information that benefits others.
  • Giving/receiving gifts are only, as stipulated by the Company’s policy, such as: it should not be in the form of cash or vouchers and worth not more than Rp500,000.
  • Not receiving or giving any form of bribe.
  • Not committing fraud such as cheating, embezzling, piracy, misappropriation of assets, transfer of cash and so forth.
B. Corporate Conduct
By adhering to the Code of Conduct, a united and ethical organization can be established with a shared vision and mission, working together to attain the Company’s objectives. The Code of Conduct covers the guidelines for corporate conduct:
  • Employee and Industrial Relations
  • Occupational Health and Safety
  • Community development
  • Business competition
  • Stakeholder Management
  • Relations with Employees and Government Officials
  • Mass Media, NGOs and Community Organizations
  • Company Data and Information Confidentiality

Dissemination and Enforcement of Code of Conduct to Employees

In order to effectively implement the Code of Conduct, the Company has formed a team consisting of the Corporate Secretary as Team Leader, Internal Audit Manager, HRD Manager and all General Managers (GM) for disseminating, implementing and evaluating the Code of Conduct implementation on a regular basis. Socialization is given to all employees in all divisions or departments, including the Company’s subsidiaries. Comprehensive socialization is expected to encourage employees to conduct proper behavior that will be the foundation for all of the Company’s activities.
Code of Conduct Statement Applies To All Levels Of Organization

The Company’s Code of Ethics is a basic guideline that contains a set of ethical standards that must be adhered to and implemented by all MNC Group personnel, including employees, the BoD, the BoC and other organs under the two Boards. With its Code of Ethics, all elements of the Company are required to discharge their duties and responsibilities and behave in accordance with the Code.
Violations Sanctions

Employees who are found to have violated the Company’s Code of Ethics and are found guilty of serious criminal offenses will be subject to internal disciplinary action up to employment termination. Coaching or sanctions for such employees vary depending on the fatality of violations committed.