Corporate governance
Sound governance principles and practices underpin value creation and the long-term sustainability of our business and our relationships with stakeholders, and are crucial to achieving our business objectives and delivering on our business strategy.
Sound governance principles and practices underpin value creation and the long-term sustainability of our business and our relationships with stakeholders, and are crucial to achieving our business objectives and delivering on our business strategy.
AngloGold Ashanti is governed by a unitary Board of Directors, which consists of 11 directors – nine independent non-executive directors and two executive directors.
The seeks to ensure AngloGold Ashanti remains a responsible corporate citizen by delivering on its financial performance objectives and pursuing environment, social and governance (ESG) principles, striving to enhance the economic life of host communities and to protect and minimise harm to the environment. The Board acts with independence and its members have the appropriate competencies and experience to execute their fiduciary duties.
A culture of transparent reporting – internal and external – ensures compliance with AngloGold Ashanti’s policies and procedures, and that challenges are addressed as they arise.
As a NYSE-listed entity with secondary listings on the Johannesburg Stock Exchanges (JSE and A2X) and the Ghana Stock Exchange (GSE), the Group is governed by the requirements of the US Securities and Exchange Commission (SEC) and the NYSE. An assessment undertaken at the end of the second quarter of 2024 confirmed AngloGold Ashanti’s status as a foreign private issuer for the purposes of SEC and NYSE rules. Following the corporate restructure in 2023, the Board continues to review and navigate the complexities associated with being a UK incorporated entity that is aligned to US entity practice. The Board is mindful of the governance practices in all the jurisdictions which impact our corporate structure and the governance framework that has been implemented appropriately reflects the Company’s current status and the Board’s ambition.
For further information on our governance practices, see the Annual Report 2024: Governance report.
External charters and indices
Effective leadership is not limited to compliance with the applicable rules and regulations. AngloGold Ashanti has also adopted non-binding rules, codes and standards that support AngloGold Ashanti being an effective and ethical corporate citizen.
Without limitation, AngloGold Ashanti is a member of and a signatory to the:
- International Council on Mining and Metals (ICMM)
- Principles of the United Nations Global Compact (UNGC)
- Extractive Industries Transparency Initiative (EITI)
- United Nations Guiding Principles on Business and Human Rights
- Voluntary Principles on Security and Human Rights (VPSHR)
- World Gold Council’s Conflict-Free Gold Standard and Responsible Gold Mining Principles
- International Cyanide Management Code
- United Nations Women Empowerment Principles (WEPs)
Policies and standards
Business ethics, compliance and disclosure
- Code of Business Principles and Ethics English, pdf Português, pdf Français, pdf Kiswahili, pdf Colombian, pdf Argentinian, pdf Arabic, pdf
- Group policy: Board Corporate Governance Guidelines English, pdf
- Group Policy: Business Integrity English, pdf Español, pdf Português, pdf Français, pdf Arabic, pdf
- Group policy: Code of Ethics for Senior Financial Officers English, pdf
- Compensation and Human Resources Committee Charter English, pdf
- Nominations and Governance Committee Charter English, pdf
Responsible and secure sourcing and local procurement
- Group Policy: Supplier Code of Conduct English, pdf Español, pdf Português, pdf Français, pdf Arabic, pdf
- Group standard: Anti-bribery and anti-corruption English, pdf Español, pdf Português, pdf Français, pdf Arabic, pdf
- Group standard: Speak-up English, pdf Español, pdf Português, pdf Français, pdf Arabic, pdf
- Local Procurement Update 2021 English, pdf
Cyber safety
- Group policy: Asset Security and Value Protection English, pdf Español, pdf Português, pdf Français, pdf Arabic, pdf
Transparency of Mineral Revenues
As at 31 July 2024
As a member of the ICMM, AngloGold Ashanti is committed to disclosing all mineral development contracts granted or entered into with host governments, since 1 January 2021, where such disclosure is not prohibited by law or regulation*.
We recognize that contract transparency helps to build trust between companies and governments and also companies and citizens.
AngloGold Ashanti has not entered into any mineral contracts or renewals since 1 January 2021.
* See www.icmm.com/en-gb/our-principles/position-statements/mineral-revenues
