CCNN WHISTLE BLOWING POLICY

 

CCNN ADOPTS WHISTLE BLOWING POLICY

 

EXTRACTS ON THE POLICY & PROCEDURE

 

POLICY:

 

CCNN is committed to doing business with everyone, wherever and whenever lawfully, with high ethical values, transparently and with integrity. It is the responsibility of each and every one of us to ensure that we fulfill this commitment in our day to day working lives. However, from time to time there may be situations where the right course of action is ambiguous, or there may be situations where you suspect or know that something is illegal, harmful, improper, unethical, fraudulent or inappropriate. We have both a legal and moral duty to take appropriate measures to identify such situations and attempt to remedy them.

 

The aim is to:

i. Ensure that all employees feel supported in speaking up in confidence and reporting matters they suspect may involve anything  illegal, unethical, harmful, improper or inappropriate;

 

ii. Ensure that all stakeholders; namely, employees including prospective applicants, recognized workers’ union and associations, cement dealers, contractors, agents, partners, bankers, service providers, suppliers, shareholders, general public, transporters, distributors, hired labourers, host communities, feel supported in speaking up in confidence and reporting matters they suspect may be illegal, harmful, improper, unethical or inappropriate;

 

iii. Provide clear whistle blowing policy and procedures;

 

iv. Manage all disclosures in a timely, consistent and professional manner;

 

v. Provide assurance that all disclosures will be taken seriously, treated as confidential and managed without fear of retaliation;

 

vi. Help develop a culture of openness, accountability and transparency in CCNN;

 

vii. Enable Management to be informed at an early stage about act of misconduct and unethical behavior

 

viii. Ensure that all cases of suspected unethical behavior or unlawful activity are promptly reported, investigated and dealt with in line with extant laws, policies and procedures or widely accepted best practice; and

 

ix. Comply with the SEC code of corporate governance for public companies.

 

In compliance with the provisions of section 32 of Code of Corporate Governance for Public Companies issued by the Nigeria’s apex capital market regulator, Securities & Exchange Commission (SEC) which is consistent with the International Best Business Practice on Corporate Governance, the Board and Management of Cement Company of Northern Nigeria Plc (CCNN) separately and unanimously agreed to put in place a Whistle Blowing Policy and Procedures for reporting any illegal or substantial unethical behaviour.

 

 

PROCEDURE:

 

You can report all cases of suspected unethical behavior or unlawful activity to a dedicated email address: head.internalaudit@sokotocement.com or a dedicated hotline +234 09029000300. CCNN will ensure that all cases are dealt with in a timely manner, with sensitivity and confidentiality.

 

The Head of CCNN’s Internal Audit Department is responsible for reviewing all the reported cases and initiate prompt action to redress situation.  However, the Head of CCNN’s Legal Section is responsible for reviewing all the reported cases of contractual disagreements and initiate prompt action to redress situation.