Over the last decade, Guinea has made significant progress in improving its performance regarding transparency, good governance and human rights, in particular in the mining sector.
For example, Guinea is now a full member of the Extractive Industries Transparency Initiative. The Natural Resources Governance Institute highlights the progress Guinea has made in improving governance in its mining sector.
In this context, SMFG seeks to support the Government of Guinea to achieve its objectives with regard to the rule of law and the fight against corruption, in particular as laid out in Guinea’s new Constitution of 2020, Guinea’s law of 2017 fighting corruption and in particular articles 154-156 of the Guinean Mining Code of 2011, amended in 2013.
Integrity is a fundamental value of SMFG. The company is genuinely committed to the eradication of bribery and corruption in all its forms so that all the people of Guinea enjoy the full benefits of mineral development. SMFG’s approach is set out in a strict Business Integrity Policy and Anti-Corruption Standard.
All staff and contractors are trained in and required to abide by the company’s Code of Conduct, which provides easy access to the rules that govern day-to-day behaviour. Anything-of-value proposed to a governmental official or traditional authority must go through a rigorous prior screening process to ensure it does not and cannot be seen to influence that official to contravene Guinean and any applicable international law like the UK Anti-Bribery Act or the US Foreign Corrupt Practices Act.
This process covers all community support, fees, per diems, governmental services and donations. Before hiring an individual or company, or issuing a contract, SMFG screens them to ensure they do not have a record calling into question their integrity. Employment is carried out transparently, with checks and balances so that no one involved in recruiting can improperly influence a decision