ETHICS:
The main objective of this Code of Conduct and Ethics for employees, suppliers and contractors:
- To bring about good corporate citizenship for the company and suppliers of goods and/or services.
- Determine acceptable behaviour for all stakeholders
- Provide for clear guidance on personal integrity and fair play in general.
- It is expected that all employees comply with the Laws and Regulations that relate to their activities for and on behalf of the Company.
The underlying premise is that ignorance of the Laws and Regulations does not constitute a valid excuse.
BRIBERY AND CORRUPTION:
- Partnering Against Corruption Initiative (PACI) in which members collaborate on collective action initiatives and share best practices in organisational compliance. The Initiative is based on a commitment to zero-tolerance towards bribery and a commitment to implement a practical and effective anticorruption programme.
- Bribery/corruption is a criminal act in most countries, and penalties are severe.
- We conduct continuous analysis for corruption risks within our business, with our corporate compliance and internal audit functions being brought in if necessary.
- Pan African Resources Plc Anti-Corruption Policy is available on our corporate website and includes our clear position on bribery and corruption, which is that offering, paying, authorising, soliciting or accepting bribes is unacceptable.