{"id":109,"date":"2023-01-05T14:25:00","date_gmt":"2023-01-05T14:25:00","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/22\/?page_id=109"},"modified":"2023-03-24T13:31:25","modified_gmt":"2023-03-24T13:31:25","slug":"section-ii-policy-report","status":"publish","type":"page","link":"https:\/\/reports.anglogoldashanti.com\/22\/ir\/rewarding-delivery\/section-ii-policy-report\/","title":{"rendered":"Section II: Policy report"},"content":{"rendered":"\n
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Home<\/a><\/span> \u00bb Integrated Report<\/a><\/span> \u00bb Rewarding delivery<\/a><\/span> \u00bb Section II: Policy report<\/span><\/span><\/div>\n\n

Section II: Policy report<\/h1>\n\n\n

The AngloGold Ashanti Human Resources and Remuneration strategic priorities underpin the business strategy to return the business to competitiveness and establish the foundation for longer term growth whilst retaining sustainable long-term value for shareholders. It remains the Committee\u2019s responsibility to ensure that the remuneration and HR initiatives are equitable and aligned to these long-term interests and to the interests of shareholders.<\/p>\n<\/div>\n\n\n\n

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AngloGold Ashanti
applies a set of key principles determining and managing remuneration<\/p>\n <\/cite><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Attracting and retaining motivated and dedicated leaders and employees in multiple jurisdictions are key to the success of the remuneration policy and this is tested regularly against our market benchmarking as well as through the ongoing Board and Company focus to ensure a policy that remains best practice and delivers on both the internal and external stakeholder expectations.<\/strong><\/p>\n\n\n\n

Board and Committees<\/h2>\n\n\n\n

AngloGold Ashanti and the Board are responsible for ensuring that remuneration practices are equitable, that good governance is upheld and applied through the remuneration framework at every level to ensure fair, responsible, transparent and competitive remuneration to attract, motivate and retain a skilled, global workforce.<\/p>\n\n\n\n

The activities of the Committee, as defined by the Board, are governed by the terms of reference. These received a detailed review in 2022 and are available on our corporate website. See Terms of reference<\/a><\/strong><\/em>. <\/mark>The Committee is comprised solely of Non- Executive Directors who can be seen in the Directors\u2019 Report in the <AFS><\/em><\/a><\/strong>.<\/p>\n\n\n\n

The Committee has access to both executives and senior management who are invited to join and present at meetings on a regular basis. In addition the Committee receives advice from the independent remuneration advisers or other external advisers as required.<\/p>\n\n\n\n

Fair and responsible pay<\/strong><\/h2>\n\n\n\n

AngloGold Ashanti strives to uphold fair and responsible pay practices and aims to ensure that the business meets short-term objectives while creating shared and sustainable value over the long term, within the economic, social and environmental context in which it operates. The remuneration framework, aligned to King IV guideline and global best practice, emphasises the importance of fair, responsible and transparent pay.<\/p>\n\n\n\n

The policy, which necessarily evolves along with a dynamic market and operating landscape, currently reflects the principles of fair and responsible pay as follows:<\/p>\n\n\n\n

We aim to apply a fair <\/mark>approach to remuneration by:<\/strong><\/p>\n\n\n\n