02
Foreword
A G U I D E T O C O M P L I A N C E I N I N D O N E S I A
I
n today’s globalized business reality, the importance
of compliance can not be pointed out enough.
Non-compliance can not only have very serious
legal and commercial consequences for a company, but
serious consequences for the involved managers of the
companies as well. Compliance can help to avoid such
risks, and to reduce costs for the company as well.
This Compliance Guide for Indonesia provides
important knowledge necessary to secure compliant
business activities in the promising but also challenging
market of Indonesia. To do justice to the complexity of
the broad topic of compliance, the Guide does not only
givedetailed informationon the topicsmainly associated
with compliance such as corruption and money
laundering, but does also focus on the dimensions of
consumer protection, product certification and labeling
by taking the specific halal legislation into account
as well. On top of that, the Guide presents important
information on human resources compliance in
Indonesia.
According to the latest World Bank report on Doing
Business, Indonesia was able to improve its position
by 18 ranks in only one year from 109 out of 190
countries in 2016 to 91 in 2017. One important factor
for this improvement of Indonesia seems to be that
the government has a strong stance against corruption
and the Corruption Eradication Commission (KPK)
is more and more successful in its fight against
corruption. This goes hand in hand with Indonesia’s
notable improvement from rank 107 in 2014 to 88 in
2015 in the Annual Corruption Perception Index by
Transparency International.
The purpose of this Guide is to enable interested
companies to realize the numerous opportunities of the
huge emerging market of Indonesia while reducing the
corresponding risks for the companies. May it serve this
purpose in your hands.
Dr. Mario Feuerstein, MBA
Schulz Noack Bärwinkel
