Newmont’s business and affairs, including our sustainability commitments, are managed by our executive leadership under the direction of our Board of Directors.
- Board of Directors
- Executive Leaders
Board of Directors
Board of Directors
At all times, members of Newmont’s Board of Directors (the “Board”) maintain a sense of responsibility to our shareholders, customers, employees, suppliers and the communities in which we operate. Our Board’s mission is to ensure Newmont’s long-term financial strength and to create enduring value for shareholders, employees and other stakeholders. The Board also plays a critical role in assessing major risks; ensuring high standards of ethical business conduct and compliance with applicable laws and regulations; and advising and approving the sustainability and overall business strategies.
Newmont’s Board comprises nine directors, including our President and Chief Executive Officer. The other eight directors, including the Chairman of the Board Vincent Calarco, meet the criteria for independence set out by the New York Stock Exchange, the U.S. Securities and Exchange Commission and any applicable laws and regulations.
To ensure a diversity of viewpoints and experience, Newmont’s Board represents a broad range of qualifications, interests and nationalities. With three female directors, our Board is among the top 20 percent of Fortune 500 companies for representation of women. On an annual basis, the full Board conducts self-evaluations and peer reviews and each committee performs annual evaluations to determine whether it is fulfilling its purpose and responsibilities and functioning effectively.
Four Board committees provide oversight and guidance in key areas – Safety and Sustainability, Audit, Compensation and Corporate Governance and Nominating – and each has a written charter defining members’ roles and responsibilities. The Safety and Sustainability Committee is charged with advancing Newmont’s sustainability program and performance and ensuring that environmental, social and geopolitical risks are managed effectively. This committee is chaired by Joseph Carrabba and includes Veronica Hagen and Jane Nelson.
Members of the Board often participate in site visits to observe and assess implementation of our policies and standards on the ground. As part of the Board planning cycle, one full-Board site visit is scheduled each year. Directors also may request individual or smaller group visits to any operation or project. For example, during 2014, several Board members visited the Merian project in Suriname prior to approving full funding for the project’s development.
For more information about the Board, please visit our website.