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, with last revision on 2023 through the Decision of the Company’s Board of Directors No. 013/Kpts/Dir/ITP/VII/2023 dated 7 July 2023. Indocement’s Code of Conduct is a part of corporate governance of the Company to achieve long-term success. Indocement Code of Conduct can be downloaded here. 

THE OBJECTIVES OF INDOCEMENT CODE OF CONDUCT
The objectives of the Indocement Code of Conduct are to:

1. Be the guideline for the Company’s employees to behave and contribute to achieving the Company’s vision and mission;
2. Be the guideline in the relationship between the Company and Stakeholders;
3. Guarantee business continuity of the Company and Stakeholders;
4. Build and maintain the Company’s reputation.

PRINCIPLE CONTENTS OF INDOCEMENTCODE OF CONDUCT
Indocement’s Code of Conduct contains, among others:

1. Business Ethics:
   a. Relationship with Customers;
   b. Relationship with Business Partners;
   c. Relationship with Competitors;
   d. Relationship with the Government;
   e. Relationship with the Community;
   f. Relationship with Employees;
   g. Relationship with Shareholders;
   h. Relationship with Media.
2. Work Ethics:
   a. Compliance with the Law;
   b. Anti Corruption;
   c. Gratification;
   d. Conflict of Interest;
   e. Anti Discrimination;
   f. Company Assets;
   g. Data and Information Confidentiality;
   h. Information Disclosure;
   i. Occupational Security, Safety, Health, and Environment;
   j. Ethical Behavior towards Fellow Employees;
3. Advice, Guidelines, and Reporting.

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 2023, there were no violations of Indocement Code of Conduct.