Rand Mining has updated its governance policies, including whistleblower protection, anti-bribery and corruption measures, and risk management practices, to ensure ethical conduct and corporate integrity.
Material actions and disclosures
The Company has adopted a Whistleblower Protection Policy to ensure that concerns regarding unacceptable conduct, including breaches of the Code of Conduct, can be raised confidentially without fear of reprisal. The Board has also established an Anti-Bribery and Anti-Corruption Policy to set out responsibilities in observing and upholding the Company’s position on bribery and corruption.
Rand Mining identifies and manages material exposure to environmental and social risks in a manner consistent with its Risk Management Policy. The Company does not have a separate risk committee but the Board periodically reviews the risk management framework as part of its ongoing oversight responsibilities.
The Company has also implemented a Diversity Policy, although it does not set measurable objectives for gender diversity due to the current size and composition of the organisation. The Company is committed to ensuring the appropriate mix of skills, expertise, and diversity when employing staff and making new senior executive and Board appointments.
Forward commitments
Rand Mining plans to continue to review and update its governance policies and risk management practices to ensure they remain effective and relevant to the Company’s operations and the evolving regulatory landscape.
Rand Mining will continue to monitor and manage environmental and social risks, and will undertake organisation-wide risk reviews to identify potential business risks.
Rand Mining will also continue to encourage and develop a culture that maintains and enhances its reputation as a valued corporate citizen and an employer that personnel enjoy working for.
Attributed to the Company’s announcement dated [Date], available at [URL].