Business
principle:
AngloGold and ethics |
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We will comply with all laws,
regulations, standards and international conventions which apply
to our businesses and to our relationships with our
stakeholders. Specifically, AngloGold supports the Universal
Declaration of Human Rights, the Fundamental Rights Conventions
of the ILO and those principles and values referred to in the
United Nations Global Compact. |
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Should laws and regulations be non-existent
or inadequate, we will maintain the highest reasonable regional
standard for that location. |
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We will fully, accurately and in a timely
and verifiable manner, consistently disclose material
information about the company and its performance. This
will be done in readily understandable language to appropriate
regulators, our stakeholders and the public. |
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We will not offer, pay or
accept bribes, nor will we condone
anti-competitive market practices and we will not tolerate any
such activity by our employees. |
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We prohibit our employees
from trading shares when they have unpublished,
material information concerning the company or its operations. |
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We require our employees to comply with all
money handling requirements under applicable law, and we further
prohibit them from conducting any illegal money
transfers or any form of ?money laundering? in
the conduct of the company?s business. |
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We will require our employees to perform
their duties conscientiously, honestly and in ways which
avoid conflicts between their personal financial or
commercial interests and their responsibilities
to the company. |
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We will take all reasonable steps to
identify and monitor significant risks
to the company and its stakeholders. We will endeavour to
safeguard our assets and to detect and prevent fraud. We will do
this in a manner consistent with the international human rights
agreements and conventions to which we subscribe. |
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We will promote the
application of our principles by those
with whom we do business. Their willingness to accept
these principles will be an important factor in our decision to
enter into and remain in such relationships. |
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We are committed to seeking out mutually
beneficial, ethical long-term relations with those
with whom we do business. |
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We encourage employees to take
personal responsibility for ensuring that our
conduct complies with our principles. No employee will
suffer for raising with management violations of these
principles or any other legal or ethical concern. Although
employees are encouraged to discuss concerns with their direct
managers, they must, in any event, inform the Group Internal
Audit Manager of these concerns. Mechanisms are in place to
anonymously report breaches of this statement of principles. |
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The company will take the necessary
steps to ensure that all employees and
other stakeholders are informed of these principles. |
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If an employee acts in
contravention of these principles, the company will
take the appropriate disciplinary action concerning such
contravention. This action may, in cases of severe breaches,
include termination of employment. In addition, certain
contraventions may also result in the commencement of civil
proceedings against the employee and the referral of the matter
to the appropriate enforcement bodies if criminal proceedings
appear warranted. |
