Resumo

GAYLARD, P.G.; RANDOLPH, N.G.  e  WORTLEY, C.M.G.. Metal accounting and corporate governance. J. S. Afr. Inst. Min. Metall. [online]. 2014, vol.114, n.1, pp.83-90. ISSN 2411-9717.

In the wake of the financial crisis that affected world markets in 2002, there has been an increasing international focus on corporate governance. Various corporate governance codes of practice have been introduced, such as the Sarbanes-Oxley legislation in the USA, the Combined Code in the UK, and King III in South Africa. This focus on corporate governance has increased since the most recent financial crisis in 2008, the effects of which are still being felt world-wide. In the mining and minerals industry, reliable metal accounting is essential to sound corporate governance and is also becoming a focus of increased attention and concern, particularly as the figures generated by the metal accounting system feed directly into the financial accounts of mining companies. Mass measurement, sampling, and analysis provide the input data for the metal accounting system and sound corporate governance requires that the procedures used are based on best practice and that the data generated is accurate and handled correctly, transparently, and consistently to produce the accounting reports. The AMIRA Code of Practice for Metal Accounting has been widely adopted in the industry as a means to achieve this, and the compilers of the Code have conducted numerous metal accounting audits at operations, both in South Africa and abroad. These audits have shown that there is a real need for such a code of practice.

Palavras-chave : metal accounting; AMIRA Code; corporate governance; risk management.

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