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Business principles & ethics
A new AngloGold Ashanti Code of Business Principles and Ethics (our code) with the slogan: “Ensuring Performance with Integrity” has been approved and adopted by the Board of Directors. Our code expresses the company’s commitment to the conduct of its business in line with the highest ethical standards and in compliance with applicable legal requirements. Our code focuses on the standards of acceptable behaviour expected of all employees, our directors, consultants, business partners, and company representatives with emphasis on performance with integrity. This means that in performance of our duties and achievement of results, we must strive to conduct ourselves in line with our corporate values because our corporate values are the starting point and foundation of our ethics. Ethics involve distinguishing between what is right and wrong and then making the right choice, acting responsibly and taking accountability for our actions. The company’s commitment to ethics is about ensuring we understand and demonstrate acceptable standards in the conduct of our daily work, in decision making, in our relationships internally and with our stakeholders; doing so with transparency, dignity, honesty and integrity. The basic requirement is that we must act in the best interest of the company in line with our values in spite of the pressures we unavoidably experience in the process.
As a global company, our employees come from diverse backgrounds and cultures. What brings us together as a dynamic work force is our corporate culture expressed in our code. Our integrity will be measured in terms of how well we live our values in spite of the pressures experienced while conducting our business and activities in the various countries in which we are present, how well we can be trusted to do what we say we will, and how well we each act consistently with honesty and accountability. Compliance with our code is mandatory for all of us. It applies to all subsidiaries, managed joint ventures and service organisations. Our corporate reputation is important. Our stakeholders expect and trust us to conduct our business in a manner that demonstrates consistency with our corporate values and that is in line with the highest standards of ethics.
The words of our Chairman and Chief Executive Officer in the introduction to our code, express the point very clearly: “Our code is a public statement of how we do business and clarifies our expectations of ourselves. It holds us accountable for our business conduct.”
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