2007 Full Report - Kinross Gold

Code of Business Conduct and EthicsAs part of our commitment to maintaining the highest ethical standards, our Board hasadopted a Code of Business Conduct and Ethics for our directors, officers and employees.The Code addresses workplace policies, environment, health and safety issues, third-partyrelationships, legal compliance, confidentiality associated with Kinross information and theuse of Kinross assets. The Code strictly prohibits corruption, including participation inany bribes, kickbacks, improper profit-sharing arrangements, illegal gratuities or improperinducements or payments to any public official.A copy of the Code ofBusiness Conduct andEthics is available onthe Company’s web siteat www.kinross.comor SEDAR atwww.sedar.com.All employees are required to read and annually acknowledge understanding of andcompliance with the Code, which includes policies that promote a discrimination-free andharassment-free workplace. For example, as part of the Social Accountability System SA8000certification, all employees at our Paracatu operation are required to be trained in thecompany’s policies and practices regarding human rights.The Corporate Governance Committee is responsible for monitoring compliance withthe Code by ensuring that all directors, officers and employees receive and becomethoroughly familiar with the Code and acknowledge their support and understanding ofit. An acknowledgement is signed upon hiring, and by every Kinross employee annually.Employees can report violations of the Code directly to their manager, the Chief LegalOfficer, or the Vice-President, Legal. Alternatively, they can submit a confidential envelopeto the Senior Vice-President, Human Resources, who will forward it unopened to theChair of the Corporate Governance Committee.The Board oversees a corporate culture of ethical business conduct by: promotingcompliance with applicable laws, rules and regulations; providing guidance to directors,officers and employees to help them recognize and deal with ethical issues; promotingopen communication, honesty and accountability at all levels and across all operationsof the company; and, ensuring awareness of disciplinary actions taken for violations ofethical business conduct.The Board takes steps to ensure that directors, officers and employees exercise independentjudgment in considering transactions and agreements in respect of which a director, officeror employee of the Company has a material interest. This includes ensuring that directors,officers and employees are thoroughly familiar with the Code and, in particular, the rulesconcerning conflicts of interest. In a circumstance where a director declares an interest in anymaterial contract or transaction being considered at a meeting of directors, the director isrequired to take leave from the meeting during the consideration of the matter and doesnot vote on it.All employees arerequired to read andacknowledge the Code,which includes policiesthat promote adiscrimination-freeand harassmentfreeworkplace.In the first half of 2008, the Company will be launching a new company-wide “Whistleblower”Policy, as well as a corresponding internet and toll-free telephone-based reporting hotline,in multiple languages, through a third-party service provider. The internet and telephonehotline will be available to employees who wish to report any concerns regardingaccounting, auditing matters, or concerns related to the Code. A procedure fornon-employees to report any such concerns will be posted at www.kinross.com.Page 15 Kinross 2007 corporate responsibility report