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TRACE International Inc. (TRACE) has successfully completed a TRACE Standard due diligence review of Persekutuan Perdata Arghajata Consulting. TRACE has granted Persekutuan Perdata Arghajata Consulting a certificate of membership signifying the company’s commitment to transparency in international commercial transactions.
TRACE is a non-profit membership association that pools resources to provide practical and cost-effective anti-bribery compliance solutions for multinational companies and their commercial intermediaries (sales agents and representatives, consultants, distributors, suppliers, etc.). TRACE provides several core services and products, including: due diligence reports on commercial intermediaries; model compliance policies; an online Resource Center with foreign local law summaries, including guidelines on gifts and hospitality; in-person and online anti-bribery training; and research on corporate best practices. For multinational companies, TRACE provides a practical and cost-effective alternative to increasingly expensive and time-consuming corporate compliance. For commercial intermediaries, TRACE offers a marketing advantage by creating a bridge between them and companies doing business internationally. For more information about TRACE, please visit www.TRACEinternational.org. |
John Arnold, Partner
Aquiet revolution is taking place in the way major Indonesian businesses report their financial results. Individuals involved in the preparation of financial reports, or who have responsibilities that require them to use or rely upon financial reports, have now entered an especially challenging period that will extend over the next two years.
read more..John Arnold, Partner
As the forces of globalisation reshape so many aspects of our lives, the importance of effective international communication has never been greater. An event the opposite side of the world may be known of and have repercussions in Indonesia within hours or minutes. During the current turmoil in global capital markets, bad news overnight from New York would be mirrored in Asia as soon as the local markets opened the following morning. It wasn’t so long ago, that during another large downward correction of major markets, the then Jakarta composite index bucked the global trend by rising while others overseas all fell. Such immunity from world events is unlikely ever to be repeated in the current era. If global capital and financial markets are not yet fully integrated, their interdependence is plain to see. The reliability of communication is critical to enable market operators to make rapid and informed decisions. The adoption of the English language as the international language of business has certainly facilitated effective global communication.
read more..Erenzt Joseph, Principal
