Page 178 - XL Axiata Integrated Anual Report 2020 ENG

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2020 Integrated Annual Report
Principles
Recommendations
Public Company has anti corruption and fraud policy
The Public Company has policy on vendor or supplier selection and capability improvement
The Public Company has policy on fulfillment of creditor rights.
The Company has the Whistleblowing System
Explanation On OJK Recommendations
The anti corruption policy is to ensure that the business activities of the Public Company are legally carried out with prudent manner and in accordance with the principles of good governance. The policy can be part of the code of ethics, or as a stand-alone policy. The policy can include, among others, programs and procedures carried out in overcoming corruption practices, kickbacks, fraud, bribery and /or gratuities in a public company.
The scope of the policy must describe the prevention of the Public Company from all corrupt practices, either giving or receiving from other parties.
The Policy on vendor or supplier selection
are useful to ensure that the Public Company can obtain the requiresd goods or services at competitive prices and good quality. While the policy of increasing the capability of supplier or vendor is useful for ensuring the efficient and effective supply chain. The capability of supplier or vendor to supply/fulfill the goods or services needed by the company will affect the quality of the company’s output. Thus, the implementation of this policy can guarantee the supply continuity in terms of quantity and quality as required by the Public Company. The scope of this policy includes criteria in selecting supplier or vendor, transparent procurement mechanism, effort to improve supplier or vendor capability, and fulfill the right relating to supplier or vendor.
The policy on on fulfillment of creditor rights
is used as a guideline in providing loan to creditor. The purpose of the policy is to maintain the fulfillment of right and maintain creditor trust in the Public Company. The policy includes consideration in making agreement,
as well as follow-up in fulfilling the obligation of the Public Company to creditor.
A well-developed Whistleblowing system policy will provide certainty of protection
to witness or reporter for an indication
of violation committed by employees or management of the Public Company. The implementation of the policy will have an impact on establishing a culture of good corporate governance. The Whistleblowing system policy includes, among others, type of violations that can be reported through the Whistleblowing system, complaint procedure, protection and guarantee of the confidentiality of the reporter, handling procedure for received complaints, parties that managing the complaints, and the results and follow-up of complaints handling.
Comply
Included under the Company’s Code of Ethics, Corporate Governance Manual and XL Axiata Anti- Bribery and Anti-Corruption Policy
The Company has a Procurement Policy that regulates the selection of suppliers or vendors as well as application of vendor management in order to ensure the legality of the Company’s suppliers.
The Company is not engaged in lending and borrowing.
The policy in regard to the fulfillment of creditor rights
is included in the Credit Agreement made between the Bank as Creditors and the Company as a Debtor
The Company has a Whistleblowing System as disclosed in this Annual Report Chapter Corporate Governance.
CORPORATE GOVERNANCE
PT. XL AXIATA TBK
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