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Conflict of Interest Management
Conflict of Interest Management
In relation to business relationships, conflicts of interest frequently arise in daily work practices and are unavoidable from one party to another. Therefore, to maintain business relationships with customers, it is necessary to regulate matters related to conflicts of interest and the reporting procedures/mechanisms within the Pertamina Training & Consulting (PTC) environment. This is important to cultivate within PTC as a learning process for PTC personnel to realize PTC personnel who have dignity, honor, and a high image in business relationships with their customers.
The following are the basic principles for implementing conflict of interest management that must be observed:
- Avoiding Personal, Family, and Group Conflicts of Interest.
- Prioritizing Public Interest.
- Creating Transparency in Conflict of Interest Handling and Oversight.
- Encouraging Personal Responsibility and Exemplary Conduct.
- Creating and Fostering an Organizational Culture with Zero Tolerance for Conflicts of Interest.
- Avoiding Corporate Conflicts of Interest.
In order to ensure that this policy is known by all PTC employees and all third parties associated with PTC, all related parties within PTC are required to carry out the following:
- Include conflict of interest prohibition provisions in every announcement in the company's goods/services procurement process;
- Assign the Compliance Function and Public Relations Function at PTC Operating Units to continuously provide information to all employees and third parties/external parties regarding these guidelines;
- Assign the Procurement Function, Sales Function, and other functions within PTC that have working relationships with third parties to inform or communicate these Conflict of Interest Guidelines to all relevant parties in the supply chain within PTC (Goods/Service Providers, Agents, Distributors, Consultants, Auditors/Assessors, Customers, and other Stakeholders);
- Provide clear information to any party regarding the provisions contained in these guidelines;
- The Chief Compliance Officer monitors the implementation of these guidelines and provides periodic reports (every 6 months) to the President Director regarding the implementation, including reports that arise after the establishment of these provisions;
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