Governance
In order to realize the Company’s vision and mission, support from all stakeholders is necessary, especially from all Indocement personnel. Therefore, the Company has compiled the Indocement’s Code of Conduct which is a code of conduct that generally contains several provisions for Company’s commitments and standards of actions or attitude of the Company’s personnel that are in line with the Company’s vision, mission, and culture.
Indocement Code of Conduct was established through the Decision of the Company’s Board of Directors No. 019/Kpts/Dir/ITP/XI/2018 dated 1 November 2018, and is effective since the stipulation date. It is reviewed and updated periodically according to the development and dynamics of the Company as well as the changes in the laws and regulations.
Indocement’s Code of Conduct serves as a code of conduct that becomes a reference for Company organs and employees in implementing Company values, which, if applied in a sustainable manner, will become the Company’s culture. Indocement’s Code of Conduct is an integral part of corporate governance to achieve long-term success.
THE OBJECTIVES OF INDOCEMENT CODE OF CONDUCT
The objectives of the Indocement Code of Conduct are to:
PRINCIPLE CONTENTS OF INDOCEMENTCODE OF CONDUCT
Indocement’s Code of Conduct contains, among others:
CODE OF CONDUCT ENFORCEMENT FOR ALL ORGANIZATIONAL LEVELS
The implementation of the Company’s Code of Conduct is the responsibility of all Company personnel including subsidiaries, covering Employees, Board of Directors, Board of Commissioners, or all organs under the Board of Commissioners and Board of Directors to behave in accordance with the Company’s Values so that professional, responsible, fair, proper, and trustworthy behavior is manifested when conducting business relationships with colleagues and work partners.
SANCTIONS FOR VIOLATING CODE OF CONDUCT
As stated in Indocement Code of Conduct, violations of the Code of Conduct will be subject to sanctions in accordance with the Company’s provisions or the Collective Agreement, which can be warnings from level 1 to 3 and the last one would be Termination of Employment.
VIOLATIONS AND FOLLOW UP
Throughout 2022, there were no violations of Indocement Code of Conduct.