Dangote Cement regularly reviews its Corporate Governance Framework to ensure that:
the governance practices accurately reflect the Company’s business and structure;
the governance framework sets out and reinforces the Company’s values;
risk and assurance processes are a robust and integral part of the governance framework; and
the framework reflects best governance practices and complies with applicable regulations.
This sets out the Group’s anti-corruption policy and is part of the overall Anti-Fraud Compliance Programme. It aims to align with all relevant acts, codes, laws, guidelines, policies, etc. designed to prevent, detect and respond to issues of corruption and bribery.
The policy demonstrates the Company’s zero tolerance for all forms of fraud including but not limited to bribery, corruption, asset misappropriation and financial statement fraud.
The Company has established a robust Anti-Fraud Programme that sets out the following:
Anti-fraud awareness and communication strategies;
Fraud and corruption prevention mechanisms;
Fraud and corruption detection mechanisms;
Fraud response mechanisms; and
Enforcement initiatives and sanction grid.
In addition, we established an Anti-Fraud Management Committee to implement the Anti-Corruption Programme and to report fraud and misconduct-related issues to the Group CEO and the Board Audit, Compliance and Risk Management Committee.
This provides a framework to identify, disclose and manage actual and perceived conflicts of interest.
This Charter governs the operations of the Group Executive Committee (ExCo) of Dangote Cement Plc.
This describes mandatory safety rules and regulations applicable to all staff, contractors and visitors.
This policy provides a systematic and ongoing method of assisting Board members in the assessment of the Board’s scope of operation, responsibilities and effectiveness.
This provides guidance on information to be provided by Senior Management to the Board and Board Committees, to aid the discharging of their roles and responsibilities in line with their respective charters and leading practices, throughout the course of the year.
This policy has been designed in line with the requirements of the SEC’s Rules Relating to the Complaints Management Framework of the Nigerian Capital Market. It defines a transparent procedure for receiving, responding to, monitoring and resolving complaints and enquiries from shareholders of Dangote Cement in a timely and efficient manner.
The policy enables shareholders of Dangote Cement to direct any complaints or enquiries to the Registrar (Coronation Registrars , 10, Amodu Ojikutu Street, Victoria Island, Lagos, Nigeria; customercare@unitedsecuritieslimited.com) or to the Company Secretary (Dangote Cement Plc, Union Marble House, 1 Alfred Rewane Road, Ikoyi, Lagos, depending on the nature of the complaint.
It is our policy to acknowledge complaints within 24 hours of receipt and communicate the final resolution to the complainant within ten business days of receiving the complaint.
These ensure that occupational HSSE-related risks and opportunities are managed in an effective manner, and that the Group adopts a rigorous risk analysis process to make informed and productive decisions.
The revised Governance Framework has been being implemented by the Company, which is obliged to report on compliance in the Annual Report and Accounts for the financial year end.