We take our corporate responsibilities (“CSR”) seriously and are committed to advancing our policies and systems across the Group to ensure we address and monitor all aspects of CSR that are relevant to our business. These include good ethical behavior, concern for employee health and safety, care for the environment and community involvement. We recognize that our social, environmental and ethical conduct has an impact on our reputation. Therefore we commit to continual improvement in our performance, efficient use of natural resources and aspire to Zero Harm to people and the environment.
We are committed to taking positive steps towards CSR through:
- Economically viable investments,
- Technically appropriate operations,
- Environmentally sound practices and
- Socially responsible actions.
The Board takes ultimate responsibility for CSR and is committed to developing and implementing appropriate policies while adhering to a fundamental commitment to create and sustain long term value for shareholders and all stakeholders.
This is achieved by:
- Implementing sound corporate governance practices,
- Operating in a responsible manner towards employees through fair and equitable practices,
- Minimizing environmental impacts through implementation of international standards,
- Transparent reporting on operations and activities,
- Developing personnel and providing resources to meet our targets,
- Caring for the environment and cultural heritage, as per Canadian and International standards,
- Monitoring potential risks and applying mitigating policies,
- Reducing negative impacts through community development and local programs,
- Preventing and reducing health related impacts relating to the Company’s activities by managing environmental risks at source,
- Implementing distinct and separate Environmental, Health and Safety, Human Resources, Community Development and Security systems, and
- Working and cooperating with local authorities on all Health, Safety, Environmental and Community issues.
First Bauxite Corporation expects that all of its business is conducted in compliance with the highest ethical standards of business practice. We apply these standards to all dealings with authorities, employees, customers, suppliers, contractors and other stakeholders. Our Ethics Policy has been developed to ensure that the Company’s business is conducted in adherence with high ethical and legal principles and sets standards of professionalism and integrity for all employees and operations in both Canada and Guyana.
The following is a summary of the Ethics Policy:
- All directors and employees have the right and responsibility to ensure that the Company’s business is conducted with high ethical and legal principles;
- Our policy is to operate within applicable laws;
- Discrimination or harassment of any kind will not be tolerated;
- No bribes or facilitation payments of any kind shall be given or received;
- Compliance to the strict rules on confidentiality issues and inside trading;
- Conflicts of interest must be avoided;
- We aim to be a responsible partner within our local communities; and
- Employees are encouraged and supported to report, in confidence, any suspected wrongdoings.
Appropriate ethical behavior is reviewed as part of the Company’s internal control process.
First Bauxite is effectively its employees, management and assets. So, the Group aims to find, keep and engage the highest caliber of employees and officers and encourages their contribution and development. Appropriate career paths and internal recognition programmes are developed for both technical and non-technical staff. Employees are provided with learning and development opportunities to fulfill their potential.
First Bauxite is committed to providing equality of opportunity to all existing and prospective employees without unlawful discrimination on the basis of religion, disability, gender, age, marital status, sexual orientation, race, ethnicity or any other category protected by Canadian federal and provincial or local laws and regulations applicable in the jurisdiction where such employees, officers or directors are located. We encourage diversity and opportunity, which is reinforced through the Company’s Ethics policy.
The workplace must be free from violent behavior. Threatening, intimidation or aggressive behavior, as well as bullying, subject to ridicule or other similar behavior toward fellow employees or others in the workplace will not be tolerated. No weapons of any kind will be tolerated in the workplace unless such are required for Company’s property security purposes and then only after authorization by the Chief Operating Officer or his or her delegate.
First Bauxite believes in taking steps to protect the privacy of its employees, officers, directors, contractors, agents and other representatives. The Company will not interfere in the personal lives of such individuals unless their conduct impairs their work performance or adversely affects the work environment or reputation of First Bauxite. The Company limits the collection of personal information to that which is necessary for business, legal security or contractual purposes and collection of personal information is to be conducted by fair and lawful means with the knowledge and consent of the individual from whom the information is being collected. First Bauxite and all officers and employees shall also comply with all applicable laws regulating the disclosure of personal information, including the Personal Information Protection and Electronic Documents Act (Canada).
Health and Safety
Safety is a priority concern at First Bauxite Corporation worksites and the Company believes there is a clear relationship between safe and healthy workplaces and satisfactory production results. The Chief Executive Officer is the Director appointed by the Board to have responsibility for health and safety performance of the Company and its operations. As our projects advance, so does our Health and Safety Management plan, which demonstrates our commitment to operate responsibly.
All employees are expected to be engaged in maintaining safe work sites through involvement in health and safety meetings and through conducting safety inspections. They are given safety training at commencement of employment and regularly throughout their career with the Company. Each site maintains a Health and Safety Plan (HSP), which addresses new regulations, site procedures and actions to improve health and safety. Sites have in place processes for understanding their risks including hazard identification and risk assessment. Each site is required to maintain a Risk Register. Each site maintains an emergency response capability suited to its working environment and risks.
Regular audits are conducted at all Company’s operations and assessment of the implementation of the Health and Safety Management System and the procedures that the sites have in place to ensure the requirements of the system are met. Accidents are investigated and safety performance is tracked by the Company. Safety performance is reported throughout the line management to the CEO. Any significant incident is brought to the attention of the President and effectively to the Board of Directors immediately.
Good environmental practice and the impact that our operations have on the environment are of great importance to First Bauxite Corporation. The Company is committed to sound environmental management. The main aim of the Company’s environmental policy is to comply with all applicable environmental legislation in all jurisdictions in which we operate and to adopt responsible environmental practices.
Guyana and especially the tropical rain forest is a beautiful, complex and integrated ecosystem with many components. First Bauxite has both knowledge and experience of what is required to work in equatorial terrains and is committed to explore and later mine and operate responsibly in this region. The effect of bauxite exploration and mining on the environment can be minimal with a comprehensive environmental management plan. The Company has such a plan and commonly exceeds government requirements.
At this stage, no mining activities are undertaken and bauxite exploration includes geological & geophysical surveying, local ground surveys, geochemical sampling and drilling. With planning and an understanding of the terrain and local wildlife activities, the impact of exploration can be negligible. First Bauxite works with local wildlife monitors to ensure activities minimize disturbance to wildlife. In addition, diligent planning goes into our camps to make sure they are small and well designed so we leave a very small footprint on the land we operate. First Bauxite and its employees shall conserve energy resources to the fullest extent possible with sound business operations.
First Bauxite aims to build stronger and healthier local communities through education, direct support of local communities, charitable donations and support of non-profit agencies in the communities in which we operate. Through the development of natural resources the Company contributes to an enhanced standard of living for people and improved health and safety practice.
The Company believes that Guyanese communities are an integral part to the Company’s success while working in Guyana. We work hard to build relationships based on mutual respect and shared values. We value the knowledge of the local people and seek opportunities to build strong long-term relationships with the people in the communities where we explore and where we will operate our mines and processing plant in the future.
The success of these relationships is based on respect for local tradition and trust is achieved by maintaining open lines of communication with local residents. Information on the Company and our projects is shared through public meetings, open houses, and through the regulatory process. The Company welcomes feedback from the communities and seeks consultation on many issues. Many stakeholders are involved in this process including local authorities and government.
The Company believes local communities and people should participate in opportunities provided by mineral exploration and mining through jobs, training and the company’s use of local service providers. First Bauxite Corporation believes that building strong relationships will result in solid support from local communities for the development of our projects now and in the future.
First Bauxite’s dealings with public officials are to be conducted in a manner that will not compromise the integrity or impugn the reputation of any public official or the Company. Participation, whether directly or indirectly, in any bribes, kickbacks, improper profit-sharing arrangements, illegal gratuities or improper inducements or payments to any public official, is expressly forbidden. The restrictions in this paragraph apply to the Company’s operations around the world, even where such practices may be considered to be a way of “doing business” or necessary in a particular country in question.
It is an offense under the anti-bribery provisions of the Corruption of Foreign Public Officials Act (Canada) to make or offer a payment, gift or benefit, whether directly or indirectly through a third party acting on behalf of First Bauxite, to a foreign public official in order to induce favorable business treatment, such as obtaining or retaining business or some other advantage in the course of business. Note that the term “public official” is very broad and includes low-ranking employees of a government or a government-controlled entity, political parties and candidates for political office.
Compliance with Laws, Rules, Regulations and Investigations
Employees, officers, and directors are expected to comply in good faith at all times with all applicable laws, rules and regulations in all jurisdictions the Company operates. Employees, officers and directors are required to comply with the First Bauxite Disclosure Policy on timely disclosure of material information and provide full, fair, accurate understandable and timely disclosure in reports and documents filed with, or submitted to, regulatory authorities and other materials that are made available to the investing public.
Employees, officers and directors are required to comply with general and regulatory Insider Trading Procedures and all other policies and procedures applicable to them that are adopted by the Company from time to time. Employees, officers and directors must cooperate fully with those (including the Chief Financial Officer) responsible for preparing reports filed with the regulatory authorities and all other materials that are made available to the investing public to ensure those persons are aware in a timely manner of all information that is required to be disclosed. Employees, officers and directors should also cooperate fully with the independent auditors in their audits and in assisting in the preparation of financial disclosure.
It is the policy of First Bauxite Corporation to fully cooperate with any appropriate governmental or regulatory investigation. A condition of such cooperation, however, is that the Company be adequately represented in such investigations by its own legal counsel. Accordingly, any time an employee, officer, or director receives information about a new government investigation or inquiry, this information should be communicated immediately to the CEO and the President of the Company.
Employees, officers and directors should never, under any circumstances:
(a) destroy or alter any First Bauxite Corporation documents or records in anticipation of a request for those documents from any governmental or regulatory agency or court
(b) lie or make any misleading statements to any governmental or regulatory investigator, or
(c) attempt to cause any First Bauxite employee, or any other person, to fail to provide information to any government or regulatory investigator or to provide any false or misleading information.
Should any governmental or regulatory inquiry be made through the issuance of a written request for information, such request should immediately, and before any action is taken or promised, be submitted to the CEO and the President. Oral inquiries and requests for documents or information should also be directed to the CEO and the President.