Ethics & governance
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Ethics and governance
Key indicators
- AngloGold Ashanti adheres to all laws and regulations within the countries in which it operates and conducts its business consistently with its values and business principles. Any significant transgressions are reported in the Report to Society and the company has no knowledge of any further areas of non-compliance. The company conducts its business in accordance with the recommendations outlined in the King Report on Corporate Governance in South Africa 2002 (King 2), except in a few areas where the company has chosen otherwise and has fully disclosed such areas in the Annual Report 2005, and is fully compliant with the requirements of the US Sarbanes-Oxley Act.
- The company has reported on an incident in the Democratic Republic of Congo (DRC) when company employees were forced to yield to a militia group’s act of extortion. A thorough review of the incident and the situation has been conducted.
(See case study: Human rights, the DRC and AngloGold Ashanti.)
- AngloGold Ashanti has maintained a system of consistent disclosure about its financial and operating affairs, reporting on a regular basis to the financial community and other stakeholders. All information that is in the public domain is available on the company’s website:
www.anglogoldashanti.com.
- Directors and key employees (that is, employees who have access to price-sensitive information) may not trade in company shares during closed periods and are required to follow a formal process before trading in the company’s shares.
- A policy dealing with the management of conflicting interests was approved by the company’s executive, along with a set of guidelines to aid employees to understand what conflicts may exist as well as how to avoid and declare them if they occur. This has been communicated to all employees.
- A comprehensive review of risks associated with the company and its activities was undertaken, and internal controls were reviewed to ensure that they adequately addressed these risks.
- A Code of Ethics for Employees, a Code of Ethics for Senior Financial Officers and a Whistle-blowing Policy are in place.
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Our Values & Business Principles
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Ethics & governance (PDF -
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