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Governance

How is Governance Related to Our Sustainability Approach?

Growing evidence suggests companies that manage environmental, social and governance areas of the business most effectively tend to deliver better financial performance than their industry peers. Newmont's approach is that governance is an integral component of ensuring the organization is focused on the most important issues facing the company, including sustainability issues.

Newmont's governance structures encourage a sharp focus on the company's environmental and social aspects, and provide a framework for achieving better long-term investment returns and more sustainable markets.

These structures are intended to ensure accountability for issues related to sustainability at the Board of Director, senior management and operating region levels.

What is the Governance Structure?

Board of Directors
Newmont's Board of Directors has five committees that help in the Board's oversight of the company's activities (for more information, see the governance section of Newmont's website):

• Environment and Social Responsibility (ESR) Committee
• Operations and Safety Committee
• Audit Committee
• Corporate Governance and Nominating Committee
• Compensation and Management Development Committee

Corporate Executive Level
At the corporate level, human resources, safety, and environment and social responsibility are addressed by senior executives who report directly to Newmont's Chief Executive Officer. The CEO has as direct reports the following officers of the company:

• Chief Sustainability Officer and VP, Environmental and Social Responsibility
• Executive VP, Project Development and Technical Services
• Chief Operating Officer
• Chief Financial Officer
• Executive VP, Strategic Development
• Executive VP, Human Resources

Operating Region Level
Newmont's operating regions are North America, South America, West Africa and Asia Pacific.

Each operating region is led by a senior vice president, who in turn relies on a cabinet of five executives covering:

• Environmental and Social Responsibility (ESR)
• Human Resources
• Legal
• Operations (including health & safety and security)
• Business Development

These regional executives are accountable for the performance of their particular functional groups in each of the regions. Each functional group has a Global Team, responsible for developing and implementing programs within core business areas that improve operational efficiency and effectiveness. The global teams are made up of subject matter experts from both corporate and the regions.
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