In our Report to Society 2005, we set a number of objectives that we wanted to achieve in 2006 and we report on these in our scorecard below.
| Objectives 2006 | Performance 2006 |
|---|---|
| Alignment of employment practices throughout the group, while maintaining observance of local laws, customs and conventions. | Significant alignment of employment practices was achieved during the year. However, some work still remains. |
| Enhancing the company’s localisation and employment equity programmes, particularly at African operations, with a methodical focus on the skills transfer to, and career development of, local citizens. | Good progress was made with the implementation of the company’s localisation and employment equity programmes, with specific emphasis placed on skills retention. Further work needs to be done. |
| Implementation of performance contracts for each AngloGold Ashanti employee, either as an individual or as a member of a working team. | This has been achieved to some degree, particularly at the senior and middle management levels. Further work is required. |
| Establishment of an Employee Share Ownership Programme (ESOP) in South Africa, and examination of the feasibility of ESOPs or alternative structures or benefits aimed at aligning employee and company interests at company facilities elsewhere in the world. | An ESOP for South African employees was approved by the shareholders in December 2006 and is currently being implemented. (See case study: Harvesting for the future - Bokamoso ESOP). An ESOP is planned for the Ghanaian operations and is being considered in Namibia and Tanzania. |
AngloGold Ashanti Annual Report 2006 - Report to Society