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CODE OF CONDUCT

PT Sumber Tani Agung Resources Tbk (STA Resources) operates and advances the Company’s business transparently and ethically, and emphasizes on the Company’s commitment to transparency. In order to ensure that all departments comply with the Code of Conduct and transparency, every STA Resources’ employee is given the standards of Code of Conduct and each of them is obliged to comprehend and comply with them. Any breach of the standards of the Code of Conduct shall receive strict sanctions from the Management. STA Resources’ Code of Conduct emphasizes on:

  1. Directors and employees, in carrying out their duties and obligations, always prioritizes the Company’s economical interest over their personal, their family or other parties’ economical interests.
  2. Directors and employees are prohibited from receiving (either directly or indirectly) commissions, discounts, services, loans or gifts from vendor companies supplying products or services for the Company.
  3. Directors and employees are obliged to comply with all prevailing laws and regulations.
  4. Directors and employees are obliged to protect the Company’s confidential information pursuant to prevailing laws and regulations, Company rules and commonsense in the business world.
  5. Directors and employees are obliged to establish and practice the principles of good relationship, courtesy, and no discrimination against any ethnicity, religion, race (skin color) and group.
  6. Directors and employees are obliged to maintain, preserve, secure and save the Company’s assets and/or facilities provided to them by the Company.
  7. Directors and employees are obliged to build a safe work environment and the adoption of work habits that create work safety, security and health is mandatory.
  8. Directors and employees are prohibited from conducting money-laundering, corruption, embezzlement of the Company’s cash/assets and all other practices prohibited by law.
  9. Directors are prohibited from serving as Director to companies other than STA Resources without consent from the Board of Commissioners.
  10. Whenever deemed necessary in order to enhance good relationship with customers, decent entertainment for clients and potential clients may be offered.
  11. Contributions made to political parties or movement, pursuant to the law and local practices, shall only be validated by Directors.
  12. Directors and employees are obliged to declare or report to Directors any conflict of interests allowing personal benefits at the cost of the Company’s benefits.