Policy Objectives
- Promote ethical business conduct.
- Ensure compliance with applicable laws and regulations.
- Protect stakeholder interests.
- Prevent corruption and misconduct.
- Support institutional governance standards.
- Maintain corporate reputation and integrity.
Core Ethical Principles
| Principle | Description |
|---|---|
| Integrity | Act honestly and responsibly. |
| Transparency | Provide accurate information. |
| Accountability | Accept responsibility for decisions. |
| Fairness | Treat stakeholders equitably. |
| Compliance | Follow legal and regulatory obligations. |
Anti-Corruption Standards
- Zero tolerance for bribery and corruption.
- Prohibition of improper payments.
- Mandatory record keeping.
- Due diligence on third parties.
- Reporting of suspected violations.
Conflict of Interest Policy
- Disclosure of potential conflicts.
- Avoidance of self-dealing transactions.
- Independent review where required.
- Annual conflict declarations.
- Board oversight of material conflicts.
Whistleblowing Framework
| Item | Requirement |
|---|---|
| Reporting Channel | Confidential |
| Anonymous Reporting | Permitted |
| Retaliation Protection | Required |
| Investigation Process | Independent Review |
| Board Notification | Material Cases |
Compliance Oversight
| Function | Responsibility |
|---|---|
| Board of Commissioners | Compliance oversight |
| Board of Directors | Policy implementation |
| Management | Day-to-day compliance |
| External Auditors | Independent review |
Policy Statement
PT Sapta Borneo Utama is committed to conducting business with integrity, professionalism and accountability while maintaining compliance with applicable laws, financing agreements, governance standards and ethical principles.