Governance

Summary

The DPA’s key objectives are:

  • to maintain and enhance consumer demand for, and confidence in diamonds
  • to provide a reliable source of information about the diamond industry and to communicate the role and contribution of diamond producers and of the broader diamond sector to the diamond communities and broader society
  • to share best practice between members in areas such as employee health and safety, community relations, environment management, or supply chain integrity

Eligible members are entities whose business directly generates some or all of its revenue from the mining, sorting and sale of Rough Diamonds, and which can demonstrate adherence to the DPA’s “Sustainability Commitments” to the satisfaction of the DPA’s membership committee (See Section “DPA Sustainability Commitments”).

DPA members have access to DPA IP (eg name and logo) and proprietary information on an exclusive basis, unless agreed otherwise by the Board of Directors.

The DPA collects and determines member contributions on an annual basis. The Board of Directors will determine funding levels for various member revenue levels based on an activity plan submitted by the Chief Executive Officer for the following year and approved by the Board.

The Board of Directors is comprised of a maximum of 10 directors representing member companies. For as long as there are less than 10 members, the Board shall comprise one director appointed by each member.

A board director is elected Chairman by board members for a non-renewable two-year term. A vice-chairman is also elected for a two-year term, renewable once.

Sustainability Commitments

Members of the DPA are committed to high standards of integrity and responsibility in all aspects of their business and all activities of the Diamond value chain from mine to consumer.

  • We conduct our business with integrity, ethics and high standards of corporate governance.
  • We promote and encourage responsible business practices throughout the Diamond supply chain.
  • We comply fully with the Kimberley Process Certification Scheme and the World Diamond Council (WDC) System of Warranties.
  • We support transparency in the way we conduct our business and report payments made to governments in accordance with applicable legal requirements.
  • We respect fundamental human rights and observe the UN Guiding Principles on Business & Human Rights.
  • We respect the cultures, customs and values of others with whom we engage, including our employees, contractors and the local communities around our operations.
  • We seek to further the economic, social and institutional development of communities where we operate.
  • We seek to protect the well-being of our employees by implementing robust health and safety practices in a culture of continual improvement.
  • We seek to prevent or otherwise minimise or mitigate and remediate our impacts to the environment and support the conservation of biodiversity, and continually seek to improve our environmental performance.

Compliance with competition (antitrust) laws

The DPA, its scope and objectives have been structured to ensure compliance with applicable competition laws. It is the responsibility of the DPA, its representatives and members to ensure that their activities do not breach competition laws. For this reason, the DPA has committed to follow a Competition Law Protocol and appointed external antitrust counsel.

The DPA, its representatives and its members acknowledge that:

  • industry associations inevitably involve formal and informal competitor contact, which increases the risk of an actual or perceived breach of competition law;
  • the consequences for a breach of competition law are serious and can include imprisonment of individuals, significant fines against the DPA and its members, damages actions and adverse reputational impact;
  • the DPA’s activities (e.g. terms of membership, category marketing strategies and industry insight initiatives) must not breach competition laws;
  • DPA meetings must not be used as a forum for the exchange of competitively sensitive information among members (in particular information relating to members’ pricing, output/production, costs, suppliers/customers and future plans);
  • DPA itself must not be used, through its activities, as conduit for the direct or indirect exchange of competitively sensitive information among competitors.

The DPA does not tolerate any breaches of competition law (even if accidental) or of the compliance requirements set out in the Competition Law Protocol. Such breaches will result in disciplinary proceedings being brought against DPA personnel (including termination of engagement) and sanctions proceedings against members (including termination of membership).