We assess any legal, non-compliance and reputational risks facing the Company and mitigate these by enacting an effective governance and compliance framework, which encompasses mitigating controls.

During 2019, we:

• Enhanced the annual profiling exercise relating to applicable laws and regulations, as well as non-binding rules, codes and standards Gold Fields adheres to
• Enhanced the Group Governance and Compliance portal to include data privacy rules
• Risk-screened 100% of all new and existing suppliers and contractors for a range of pre-defined risk categories
• Analysed engagements with and commitments made to external stakeholders, as well as declarations filed in terms of the Group’s Code of Conduct
• Extended operational audits by our Internal Audit function to include compliance-specific controls

The Risk Committee examines the key risks and opportunities facing the business and reports these to the Board twice a year. The Board aims for effective controls and corrective measures to manage and mitigate these risks. Furthermore, the Audit Committee seeks to ensure the integrity, accuracy, and adequacy of Gold Fields’ accounting records.

Internal Audit ensures that the necessary internal controls are in place to mitigate any potential risks in all regions. Our operations receive an audit ranking and, where necessary, corrective measures are put in place.

The External Audit function assures the integrity, accuracy and adequacy of accounting records and corporate reporting. PricewaterhouseCoopers Inc. was appointed as our auditors from 2019.

For more information on our Risk and Audit Committees, refer to Corporate governance report of the AFR.

We support the development of an ethical and responsible gold mining industry. Gold Fields is aligned to leading practices, which underpin our commitment to responsible corporate citizenship. We are committed to and guided by:

• The legislation and regulations of the countries in which we operate
• The requirements of the JSE and NYSE
• The United Nations (UN) Guiding Principles on Business and Human Rights
• The ICMM 10 Principles on Sustainable Development and eight position papers
• The 10 Principles of the UN Global Compact
• King IV
• The Organisation for Economic Co-operation and Development (OECD) Convention on Combating Bribery
• Extractive Industry Transparency Initiative
• World Gold Council – Conflict Free Gold Standard
• Voluntary Principles on Security and Human Rights
• Task Force on Climate-related Financial Disclosures (TCFD)

Our Code of Conduct takes into account Gold Fields’ values, and informs the way we conduct ourselves – from our operations to our Board. It also extends to our supply chain business partners. Updated in 2017, our Code of Conduct was distributed to all existing employees, while new employees receive it during their onboarding processes. As at end-2019, 85% of our people had undergone training on the Code of Conduct. We also have an anonymous tip-offs hotline in operation at all time and in all regions, and the Company takes a zero tolerance approach to intimidation and victimisation of those who report incidents.

Key principles of our Code of Conduct:

• Ethical leadership within the organisation, along with ethical management
• Protection of employees and third-party whistleblowers, promoting an environment for reporting of transgressions
• Safeguarding the business against potential reputational harm and litigation
• Transparent and ethical dealings with government and suppliers
• Protection of Company information
• Accurate and transparent reporting
• Safeguarding against insider trading