Corporate Governance

ARIC's board of directors oversees the firm's strategy and is responsible for its material decisions, including capital commitments, entry into new platforms and related-party matters. The board's composition and committee structure are designed to develop alongside the firm's platforms and the expectations of its capital partners.

ARIC's code of ethics and conduct is designed to cover anti-bribery and anti-corruption obligations under the US Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act, conflicts of interest, gifts and hospitality, sanctions compliance under the US Office of Foreign Assets Control (OFAC) and equivalent regimes, anti-money-laundering, and protection for whistleblowers. It is designed to bind the firm's principals, employees, advisors and partners.

Conflicts of interest and related-party relationships are disclosed and managed. Where a director is connected to a counterparty or partner organization, the relationship is disclosed; the firm's community impact pages, for example, note that Little Glowing Hearts was founded by a director.

Risk management is designed around an enterprise risk framework covering operational, financial, regulatory, political, environmental, social, cyber and reputational risk. Each platform is designed to keep a risk register reviewed by the board on a recurring schedule. Mitigants include host-government support, political risk insurance, operational insurance, segregated entity structures and contractual protections in operating and offtake agreements. Risk data is designed to be captured in Mintaka ERP^™, the firm's data and systems platform.

ARIC is committed to compliance with applicable host-nation mining, environmental, tax, labor and securities laws, and with the international frameworks that govern its capital and offtake relationships: the Equator Principles, the International Finance Corporation (IFC) Performance Standards on Environmental and Social Sustainability, the Organisation for Economic Co-operation and Development (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, and applicable export control and sanctions regimes. Compliance is designed to be owned at the platform level and reviewed at the firm level.

ARIC discloses platform-level information to qualified counterparties under a Non-Disclosure Agreement (NDA), and limits its public statements to what it can support.

ARIC's financial reporting is designed to follow US generally accepted accounting principles (GAAP) at the firm level, with International Financial Reporting Standards (IFRS) at the platform level where host-nation regimes or financing documentation require them. Reporting is designed to meet the disclosure expectations of development finance and export credit financing.