Corporate Governance & Organizational Structure
Royal Gold Ashanti operates on a foundation of strong corporate governance, ethical leadership, and a commitment to accountability and transparency at every level of the organization. Our governance model ensures that the company upholds international best practices while remaining responsive to the socio-economic dynamics of the regions in which we operate.
Board of Directors
The Board of Directors of Royal Gold Ashanti serves as the apex decision-making body within the company’s corporate governance framework. Its primary role is to provide strategic oversight, ensure regulatory compliance, and protect the long-term interests of the company and its stakeholders. The Board is composed of a diverse group of individuals with extensive experience in:
- Mining and geology
- Finance and risk management
- Legal and regulatory affairs
- Sustainability and environmental governance
- Public policy and international business
Board Composition
| Name | Position | Area of Expertise | Tenure |
|---|---|---|---|
| Sir Samuel Esson Jonah, KBE | Chairman | Mining & Business Strategy | Since 2007 |
| - | Non-Executive Director | Legal & Governance | Since 2016 |
| - | Independent Director | Finance & Investment | Since 2018 |
| - | Non-Executive Director | ESG & Community Development | Since 2020 |
| - | Independent Director | Public Policy & Government Relations | Since 2021 |
Board Responsibilities
- Approve corporate strategy and long-term plans
- Oversee financial performance and risk management
- Ensure ethical conduct and legal compliance
- Guide CEO and executive team performance
- Approve key policies (e.g., ESG, HR, health & safety)
The Board meets on a quarterly basis, with additional emergency or ad-hoc meetings held when necessary. Subcommittees include:
- Audit & Risk Committee
- Sustainability & ESG Committee
- Remuneration & Human Capital Committee
- Investment & Technical Operations Committee
Executive Leadership Team
The Executive Leadership Team (ELT) is responsible for day-to-day operations, policy implementation, business development, and maintaining a strong operational and financial performance across the company’s six mining sites. Led by the Chief Executive Officer (CEO), the ELT translates the board’s strategic vision into tangible results, ensuring compliance, safety, innovation, and sustainability.
Key Leadership Roles
| Name | Position | Responsibilities |
|---|---|---|
| - | Chief Executive Officer (CEO) | Leads overall company strategy, stakeholder engagement, and operational direction |
| - | Chief Operating Officer (COO) | Manages site operations, production outputs, and technical efficiency |
| - | Chief Financial Officer (CFO) | Oversees financial planning, reporting, tax compliance, and capital management |
| - | Director of ESG & Community Relations | Leads sustainability strategy, community investment, and environmental compliance |
| - | Head of Human Resources & Training | Manages recruitment, staff development, local content, and employee welfare |
| - | General Counsel & Company Secretary | Ensures legal compliance, manages contracts, and advises on governance issues |
Governance Charter
- Accountability & Transparency
- Annual publication of audited financial reports
- Public disclosure of sustainability and environmental performance
- Open communication with stakeholders and government agencies
- Ethical Leadership
- Strict anti-corruption and anti-bribery policies
- Zero tolerance for conflicts of interest
- Mandatory ethics and compliance training for staff
- Risk Management
- Comprehensive enterprise risk management (ERM) framework
- Regular risk assessments for financial, operational, environmental, and geopolitical risks
- ndependent internal audit function reporting to the Audit Committee
- Stakeholder Engagement
- Formal community engagement protocols
- Mechanisms for grievance redress and dialogue
- Annual town hall meetings and stakeholder forums
- ESG Compliance
Alignment with international frameworks, including:
- IFC Performance Standards
- Extractive Industries Transparency Initiative (EITI)
- Global Reporting Initiative (GRI)
- United Nations Sustainable Development Goals (SDGs)