Corruption and Fraud
Implats maintains a zero tolerance approach to fraud and corruption. We expect all our employees, business partners, contractors and associates to conduct themselves in accordance with the Implats code of ethics referred to below and to our fraud policy. The code and fraud policy are both fully in line with local laws and regulations.
A “whistleblowing” toll-free helpline is in place to facilitate the confidential reporting of alleged incidents, and these are reported to the chief audit executive and the board chairman. The executives and line management are responsible and accountable for the implementation of the fraud policy, code of ethics and the procedures that flow from these policies.
Code of ethics
Implats has a code of business practice to which all employees and suppliers are expected to adhere. The policy outlines conflicts of interest, the prevention of dissemination of Company information, the acceptance of donations and gifts and the protection of the Company's intellectual property and patent rights. This policy outlines the disciplinary action (including dismissal or prosecution) that will be taken in the event of any contravention. A “whistleblowing” toll-free helpline is in place to facilitate the confidential reporting of alleged incidents that are then relayed to the chief audit executive, and further to the chairman of the board as a courtesy. All reported allegations are investigated, each to its logical conclusion and formally reported to the appropriate levels in the organisation.