Anti-Bribery Management System
We began strengthening our governance and anti-bribery efforts well before 2016 evident through various corporate-level programs and commitments reflected in our Good Corporate Governance Guidelines and Our Code.
This commitment has led to the establishment of an Anti-Bribery Management System (ABMS) across MedcoEnergi's assets. We have obtained ISO 37001:2016 ABMS certification for Medco E&P Natuna Ltd, E&P Procure-to-Pay Process, Medco Power Indonesia’s Home Office and subsidiaries (PT Mitra Energi Batam/Dalle Energi Batam, PT Energi Listrik Batam, and PT Tanjung Jati B Power Services), Joint Venture (JOB Tomori), Medco Energi Thailand (Bualuang) Ltd. and Medco E&P Grissik Ltd. Our latest additions are acquiring the certification for two of our assets namely Medco Oman LLC (MLLC) and Medco Power subsidiary - Medco Ratch Power Riau (MRPR).
Key elements of our ABMS include:
- MedcoEnergi's anti-bribery policies, procedures, and controls.
- Commitment from top management.
- Management reviews of anti-bribery programs.
- Anti-bribery training and communication initiatives.
- Regular Fraud/Bribery Risk Assessment workshops.
- Due diligence programs.
- Investigation of reported concerns and ongoing monitoring.
- Collaboration with relevant organizational functions on corrective actions.
- Continuous improvement efforts.