PT Cita Mineral Investindo Tbk (CITA) has series of policies that become a basis and guide in carrying out its business and operational activities in accordance with the Company’s vision and mission, legal and regulatory provisions and good business practices standards.
Anti-Corruption Policy
Corruption is a critical issue that requires attention from all elements in our society, including people in businesses. Indeed, as a Company that aims to always maintain its integrity, CITA commits to bring all the efforts to prevent and eradicate corruption within the Company by also complying to all Indonesian law and regulations related to it.
The objective of implementing this anti-corruption policy is to prevent any material and immaterial losses, increasing compliance with regulations, discipline and ethics of the Company towards the law, in conducting operational activities, especially those relating to external parties, business partners and government agencies.
If there are indications of corruption found in relation to CITA operations, any party can file a report through the Violation Reporting System by sending an email to wbs@citamineral.com.
Policy on Money Laundering
Money laundering is the process by which the output of a crime is transformed into conceitedly legitimate money or other assets (including raw materials) to disguise a criminal record or act. Violations that are considered as money laundering include organized crime, bribery, embezzlement, corruption, extortion, fraud, and others.
The aim of implementing this Anti-Money Laundering policy is to prevent material and immaterial losses, including preventing situations where the Company directly or indirectly participates in or assists third parties in money laundering practices.
Sanction Policy
Sanctions are official policies used to prevent or respond to security threats and to encourage changes in certain conditions to conform to acceptable standards. The Company will not conduct business or business relationships, provide products or services, undertake or facilitate transactions (directly or indirectly) or engage in any activities involving sanctioned individuals, entities, countries or territories.
The purpose of implementing this Sanctions policy is to ensure the Company complies with applicable laws and protect the Company from penalties and reputation damage.
Policy on Supplier or Vendor Selection and Capacity Building
CITA has a set of requirements and criteria in selecting suppliers/vendors who will become partners and strategic partners of the Company in carrying out its business activities. Every procurement of goods or services in the Company must fulfill a predetermined selection process based on the Company’s policy. This process can be carried out through an open or closed tender and/or direct appointment where there has been a good experience before with the suppliers observed by the Company.
The aim of implementing this policy is to ensure that the selection and evaluation process for the procurement of goods/services in the Company is carried out effectively, efficiently, competitively, fairly, transparently, and can be accounted for.
Whistleblowing System Policy
CITA understands that the implementation of corporate governance will improve the Company position in business landscape, especially in improving human resources management and Company value, which will increase the value of the Company for all stakeholders and shareholders.
Any indications regarding violation done by the Company or its related operation can be reported through the Company’s whistleblowing system via email wbs@citamineral.com. The Company guarantees confidentiality and protection for the Whistleblowers from any kind of threats, intimidation and unpleasant treatments.
Code of Conduct
CITA understands very well that good corporate governance is one of the steps to increase long-term business value and growth. In terms of implementing the code of conduct, CITA tries to form a corporate culture that supports sustainable business growth not only for the shareholders but also the other stakeholders.
CITA is committed to implementing business ethics and the Company’s values which are designed to increase awareness; influence, shape, regulate and align the mindset and behavior of all Insan CITA; so they are consistent and in accordance with the corporate governance and also in line with company’s vision and mission.
Internal Audit Charter
CITA as a public Company has formed an Internal Audit team to carry out internal monitoring processes. This team will evaluate the effectiveness of the implementation of internal control, risk management and Good Corporate Governance processes in accordance with statutory regulations and company policies.