Corporate governance forms an overarching framework in which our business operates and we are committed to promoting good governance and ethics within all areas of our business. To achieve this, the group continues to enhance and align its governance structures, policies and procedures to support its operating environment and strategy.
Application of the King IV principles
The King Code of Governance (King IV) is the fourth report issued by the South African King Committee on Corporate Governance codifying principles of corporate governance revolving around leadership, sustainability and corporate citizenship. The King IV approach to governance is based on the principle of apply and explain. Explanation should be provided in the form of a narrative account, with reference to practices that demonstrate the application of the principle, and the explanation should address the practices implemented and how these practices give effect to the principle.
King IV is applicable to all entities, public, private and non-profit organisations. Compliance with certain of the governance principles in the King Reports is a requirement for companies listed on the Johannesburg Stock Exchange.
Our King IV narratives are available on this link King IV Narratives and under Policies and Processes below.
AngloGold Ashanti is committed to sound principles of corporate governance. In compliance with best practice, and to meet its obligations in terms of the US Sarbanes-Oxley Act of 2002, NYSE and JSE Rules and the King Report IV on Corporate Governance, AngloGold Ashanti’s Board of directors has adopted the following policies, procedures and guiding principles as part of the company’s corporate governance guidelines.