OUR COMMITMENTS
OVERVIEW
As committed in Medco Power business sustainability goals on governance, Medco Power continuously establishes anti-corruption programs with primary objective to avoid corporate corruption liability.
Our Anti-Corruption (ABC) programs is implemented pursuant to the Law No. 31 of 2019 on Corruption Law, Supreme Court Rules No 13 of 2016 on Corporate Crime Liability and ISO 37001 Anti-Bribery Management System
GOOD CORPORATE GOVERNANCE
Medco Power Indonesia is committed to implementing Good Corporate Governance (GCG) of the highest standards. The implementation of the GCG principles, namely Transparency, Accountability, Responsibility, Independence, and Fairness, is instrumental in realizing the Company’s vision and therefore embedded in its corporate values and culture.
Our GCG is the guidance on how an organization should be governed, which must be followed by Company’s Board of Commissioners and Board of Directors.
CODE OF CONDUCT
Medco Power Code of Conduct is the main principle which governs how the MedcoEnergi Board of Commissioners, Board of Directors and employees in conducting their work duties, carrying out their responsibilities and behave in accordance to ethical practice.
To support the best interest of MedcoEnergi, Our Code shall be communicated to, implemented and followed by all stakeholders, including Board of Commissioners, Board of Directors employees, affiliates, business partners and guests of the Company, without any exception and regardless of their geographical location.
WHISTLEBLOWER
“The implementation of GCG includes eradicating corruption, bribery, other fraudulent practices, an effective method is needed to prevent and combat practices that are contrary to GCG through the Whistleblowing System (WBS). Medco Power has zero tolerance for fraud carried out by management, employees and business partners in accordance with the ABC Policy Pledge.
Submission of reports from both external and internal parties who report fraud activities or violations of regulations and various irregular practices can be conveyed to a number of communication media specifically designated for the Whistleblowing System as follows:”
