Corporate anti- bribery policy is being updated at the Company. Kazakhmys has been paying special attention to anti-bribery provisions since 2012.
In this regard, number of corporate anti- bribery policies was approved by Minutes of Board of Directors of Kazakhmys Corporation LLC, dated May 29, 2012. These policies include Anti-bribery Code (Code of Business Conduct), Conflict of Interest Code, Policy for formal procedures` speed money, Policy for announcement of legislation breach (Speak Up), Policy for gifts and entertainment function, Program on contractors` preliminary checkout for anti- bribery statutory compliance.
The said declarative corporate policies provided the basis for numerous local acts, aimed to minimize corruption risks in the key fields of Kazakhmys Group activities.
At that, changing of the current ownership structure of Kazakhmys Group, restructuring of September 2014, and number of legislative changes have resulted in necessity to revise and update anti- bribery procedures. Therefore, Anti- bribery Code of Kazakhmys Holding LLC was approved by Eduard Ogay, the Chairman of the Board of Directors on September 30. The Code includes fundamental provisions and targets for anti- bribery procedures improvement.
Thus, the deed provides inclusion of anti- bribery procedures in relationship with public authorities and non-governmental organizations, conflict of interest, business partners (contractors) interaction, facilitation payments (speed money), business gifts and entertainment functions (expenses), reporting on applicable law and ethical norms` breach, information security, personnel management, relationship with political parties, charity and patronship – with possible development of more detailed regulations (programs, policies) for each field.
The work has already started. Thus, new service was launched in the Group of companies – announcement of legislation breach (Speak Up) (order # 01-КН/20 of the Chairman of Boards of Directors, Kazakhmys Holding LLC, dated August 12, 2015). This service allows Kazakhmys employees make free phone calls at
8-800-080-8089 or send email messages to email@example.com in order to inform on actual or alleged breach at work place.
It is being planned to approve a new version of the program on contractors` preliminary checkout for anti- bribery statutory compliance. This program will lower number of Kazakhmys local acts by their unification into one document for the certain field. Also, compliance with the national law requirements for Goods purchase, works and services, subsurface use operations and natural monopoly holders will be reached.
Legal control Department of Kazakhmys Corporation LLC will act as a supervisor. The Department can be contacted for consulting at telephone numbers: + 7 (7212) 95-27-96, 95-27-51, + 7 (7172) 55-76-65, (ext.10231).