JAKARTA – Publicly listed Dayamitra Telekomunikasi Tbk or Mitratel (MTEL) recently received the Indonesia Regulatory Compliance Awards 2024 from Hukumonline, an online legal news portal. The company received the highest category of the award, namely Sapphire, as the Best Enterprise in Regulatory Compliance. The award is a public acknowledgment towards Mitratel’s commitment to upholding legal compliance as an integral part of the company’s business activities.
Mitratel received the awards at the Indonesia Regulatory Compliance Award 2024 held on May 31, 2024, after a tight judging process carried out by external judges. The awards are divided into four categories, namely Sapphire, Diamond, Gold, and Silver. According to the judges, as Mitratel received awards with the highest category (Sapphire), it shows that the company has a strong strategy in implementing legal compliance in all aspects of its business.
“We are proud to be receiving the Best Enterprise in Regulatory Compliance award with the highest category (Sapphire) at the Indonesia Regulatory Compliance Awards 2024 held by Hukumonline. This prestigious award is a result of a hard work shown by the management and all employees of MItratel. Legal compliance is not only a necessity for Mitratel, but instead it has also become an evidence that we are continuously implementing good corporate governance and integrity in our daily business activities,” says President Director of Mitratel Theodorus Ardi Hartoko, also known as Teddy.
Teddy says that the award Mitratel received signifies the company’s positioning as the leading telecommunications infrastructure provider in the industry. The company is committed to making legal compliance and business ethics as part of its governance, an aspect that is part of the Environmental, Social, and Governance (ESG) principles implemented in every line of business and activity.
“Governance is an essential foundation to ensure the sustainability of the company, in line with the implementation of the ESG principles. This is because a good governance and compliance to the laws and regulations ensures that the company has a strong footing to achieve success for the long term. By implementing high standards of governance, MItratel creates a transparent, fair, and efficient management structure,” Teddy says.
Teddy says further that aside from the ESG, Mitratel has several parameters and corporate governance policies, including the Bribery & Corruption Policy – Political Involvement Policy, which strictly prohibits practices of bribery and embezzlement in the company. The Company also implements programs to strengthen governance, such as Whistleblower Program, which gives assurance to every employee or related parties to report any violations or unethical conducts. Another one is the Business Ethics Program, which regulates business ethics, including prevention of money laundering, tax evasion, and security of data and information.
As a subsidiary of publicly listed state-owned company Telkom Indonesia, Mitratel applies the Core Values of Indonesian State-Owned Enterprises, namely AKHLAK, which translates into Trustworthy, Competent, Harmonious, Loyal, Adaptive, and Collaborative. It is a set of standards that are required to be followed by all SOEs and their subsidiaries. Teddy says, AKHLAK is a set of positive values for working culture in Mitratel that is effective in helping the company strengthen its governance.
“We are always committed to strengthening our governance to the higher level and improve all the remaining weaknesses. Our goal is to ensure that this company is doing its business with sense of responsbility towards laws and regulations as well as the public. By doing so, we are creating added values for our stakeholders and the Indonesian people as a whole,” Teddy says.
