CODE OF ETHICS
Since October 19, 2010, the Company has implemented the Code of Ethics and Professional Responsibility (Code of Ethics) through the Decree of the Board of Directors No. SK No.002/DIR/IV/15, as one of the Company’s commitments in the implementation of GCG: SK No.002/DIR/IV/15, as one of the Company’s commitments in implementing GCG. Guided by international standards, commitment to always comply with applicable regulations, and the implementation of good governance principles in the Company, the Company establishes the Code of Ethics and Professional Responsibility Standards.
All management and employees are required to understand the standards of this Code of Ethics as a basis for application in behavior that regulates the relationship between employees and the Company, fellow employees, customers, suppliers, shareholders, stakeholders, government and society. This Code of Ethics contains a collection of commitments consisting of business ethics and work ethics of each member of the Company. As an implementation of the Company’s Code of Ethics and Professional Responsibility, each member of the Company signs aStatement on Disclosure which essentially confirms that he/she has read and fully understood and therefore commits to fulfill the Code of Ethics and Professional Responsibility as established by the Company and as may be amended from time to time.
Charter of the Board of Commissioners and Board of Directors
In addition to being regulated in the Company’s Articles of Association, the duties and authorities of the Board of Commissioners and Board of Directors are emphasized and detailed in the Board of Commissioners Charter and Board of Directors Charter which regulate GCG practices specifically for the Board of Commissioners and Board of Directors.
The Board of Commissioners Charter and Board of Directors Charter contain an agreement between the Board of Directors and the Board of Commissioners regarding the duties, authorities and responsibilities of each organ of the company to improve the quality and effectiveness of working relationships between organs of the company, implement GCG principles and build independence in making decisions and can carry out their respective duties and responsibilities in accordance with the expectations of shareholders and other stakeholders.
Company Regulations
The Company’s regulations are prepared in line with the philosophy of Pancasila and the National Development Program, especially in terms of economic improvement and improvement of the nation’s standard of living. In this regard, the Company wishes to not only participate in the development of the Indonesian economy by developing its business activities, but also by developing its human resources through increasing the competition and competence of its human resources.
The Company’s efforts in implementing corporate governance are reflected from the Company’s vision, mission and values, to how the Company complies with applicable regulations in achieving the vision, mission and values. Realizing that the Company must be part of a good corporate citizen, the Company sets balanced rules in regulating the Company’s external and internal relationships.
Parties related to the Company’s external relations include governmental and independent institutions related to the Company’s business activities, users of the Company’s services, partner companies in the Company’s business activities, and the community around the Company’s place of business. Meanwhile, parties related to the Company’s internal relations are the Company’s organs and employees. For this reason, the Company prepares a series of regulations that are stipulated as company regulations.
Based on the Company’s awareness in establishing balanced regulations in regulating the Company’s external and internal relations and realizing good corporate governance, regulations were prepared that include the principles of dignified business ethics, policies and procedures, risk management, internal control and supervision, leadership, management of duties and responsibilities, management empowerment and employee competition complete with a work evaluation system, and awards.
Human resource management has been established as one part of the Company’s strategic development plan, because in this way the Company can seamlessly and continuously improve its ability to compete with other companies in Indonesia.
The Company always believes that human resources are very important assets for the existence, continuity of growth and development of the Company in the long term. Various aspects are considered by the Company in order to create a harmonious, safe, steady, peaceful, and dynamic relationship between the Company and all of its employees, among others through clarity in the assignment of duties, rights, and daily obligations of each employee, paying attention to employee health, and the atmosphere of the work environment that supports employee performance. These aspects are expected to increase employee productivity and help create peace and employee satisfaction at work so that it will greatly help resolve problems that may arise deliberately.
The Company’s Regulations have been prepared in accordance with the prevailing laws and regulations and in line with the Company’s core values. The document has been ratified based on the Decree of the Director General of Industrial Relations and Labor Social Security – Ministry of Manpower of the Republic of Indonesia Number: Kep.403/PHIJSK-PK/PP/III/2016 dated March 29, 2016 concerning Ratification of the Company Regulations of PT First Media Tbk.
In general, the Company’s Regulations contain the rights and obligations of employees and the Company, as well as provisions aimed at fostering harmonious, harmonious and balanced relationships in an effort to improve efficiency, productivity and optimal work performance. It is expected that the Company’s Company Regulations can realize the creation of conducive industrial relations between employees and the Company, with due regard to the prevailing laws and government regulations, including future adjustments.
Anti-Corruption and Gratification Policy
To realize the Company’s commitment to the implementation of GCG in its business environment, the Company fully supports the efforts made by all parties in creating a business climate that is free from corrupt practices and gratuities. The Gratification control guideline demonstrates the Company’s commitment to prevent corrupt practices and encourages all employees to commit to implementing anti-corruption policies in the workplace, including when dealing with stakeholders.
Dissemination of the Code of Conduct
The Company disseminates the Code of Conduct through a socialization program involving all employees at the beginning of each year. In the program, all employees sign a statement that they have read and understood the Code of Conduct and are ready to accept the relevant sanctions for any violations and the Code of Conduct is distributed to all employees.