How Board governance adds value

Ensures executive remuneration is fair, equitable and responsible, and informed by Exco’s achievement of Gold Fields’ strategic objectives
Determines remuneration principles in line with King IV
Ensures remuneration practices align with shareholder interests and supports the achievement of a sustainable business by:
- Helping to attract, motivate, retain and reward employees
- Driving achievement of strategic objectives through incentives and rewards
Approves a remuneration policy that includes disclosures on implementation to ensure transparent reporting of CEO and CFO remuneration

Approves strategic goals and direction following Exco’s presentation of strategy, business plans and risk register for input
Ensures strategy drives a sustainable business agenda and considers the interests of stakeholders by balancing how risks and opportunities might impact the achievement of objectives
Agrees upon performance targets
Monitors implementation of strategy through quarterly Board meetings
Quarterly CEO reports on performance against operational targets
Performs on-site visits to operations and projects and, on occasion, interacting with individual executives on strategic and operational performance

Approves Stakeholder Relationship and Engagement Policy to ensure that stakeholder engagement allows for collaborative and informed decision-making
Oversees transparent reporting so stakeholder groups can make informed assessments of Gold Fields’ ability to deliver sustainable value
Drives ongoing evolution of inclusive stakeholder engagement and relationship building to balance the interests, needs and expectations of stakeholders with the best interests of the Company

Sets the tone for a culture of ethics that underpins commitment to compliance, and voluntarily adopted rules, codes and standards, where practical
Upholds an ethos of good governance and sustainability
Ensures business decisions are carried out with due care, skill and diligence to protect reputation and maintain licence to operate
Promotes a culture of ethics and responsible corporate citizenship
Carries out its fiduciary duties

Upholds the primary value of “If we cannot mine safely, we will not mine”, thereby supporting the practice of stopping mining in areas or situations that are deemed unsafe
Supports minimising potential negative impacts on employees and contractors, maintaining operational continuity and protecting reputation
Together with management, drives a stringent safety and health culture
Oversees adherence to safety, health and environmental legislations, standards and compliance requirements, and approves adoption of various voluntary leading safety principles

Ensures compliance with all relevant laws, regulations and adopted rules, codes and standards, and the highest levels of corporate governance
Supports Exco decisions to drive governance in line with leading practices
Reviews corporate governance and compliance systems and frameworks to align these with increasingly stringent and far-reaching obligations imposed by laws, regulations, rules, codes and standards

Ensures alignment with good corporate citizenship, assessment and speedy response to any negative impacts operations may have on communities and the environment
Through the SET Committee, focuses on, among others, impact on, and benefits to, communities, while the SHSD Committee deals with, inter alia, issues of environmental stewardship as well as the safety and wellbeing of employees and contractors
Ensures that the business integrates ESG fully into its business operations and addresses relevant ESG concerns raised by stakeholders and society at large