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Providing Leadership in the Fight Against Corruption

Ethical Conduct Case Study

Our stance against corruption is rooted in our commitment as a founding member of the Partnering Against Corruption Initiative (PACI), a cross-industry collaborative effort to implement a global anti-corruption agenda.

While our global ethics and compliance program focuses largely on employees and our vast network of third-party providers, as a member of PACI, we commit to fight corruption and collaborate on global, regional and industry agendas. This includes contributing to informal regional anti-corruption action networks.

In 2018, we demonstrated this commitment, particularly at our operations in Ghana and Peru.

At the Alliance for Integrity Dialogue in Accra, Ghana, attended by representatives from the private sector and government institutions, Newmont’s regional compliance counsel Abraham Agbozo moderated a panel on “The Role of a Code of Conduct in Ensuring Integrity.” The event was part of a series of awareness-raising dialogs, where experienced compliance and anti-corruption practitioners discussed best practices – including the importance of a code of conduct – in preventing corruption and ensuring compliance. Participants were asked to not just apply these best practices, but also spread the word and deepen their engagement efforts.

We also engaged with the Bank of Ghana (BoG), the country’s central bank and principal regulator of the banking industry, to help them set up an ethics and compliance program. The bank requested our assistance in establishing an ethics hotline and investigations process. To ensure the program was successful and supported the broader objectives, we worked with the bank to develop the requisite policies and governance documents and conducted a seminar for BoG’s compliance staff.

In Peru, Newmont is a member of the American Chamber of Commerce, and a Newmont representative leads the Board’s Compliance Committee, which holds monthly meetings with member companies to discuss anti-corruption efforts in the country and share best practices. In 2018, the committee held two seminars on compliance best practices and invited all businesses in the region to attend. Other external engagement efforts include meeting with students from Universidad Privada del Norte in Cajamarca to discuss ethics in a business environment, and, as a member of Peru’s National Mining Society, leading the organization’s compliance working group. In 2018, the group analyzed new government requirements for anti-corruption programs, and is working on forming a formal compliance committee to strengthen compliance programs throughout the mining industry in Peru.

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