Board Chairman Chen Yumin and his team visited Barrick
History favors “No.1” and mankind pays attention to “the most”. As the largest gold company in the world today, Barrick Gold Corporation is certainly a fascinated place for the people engaged in gold business, and “Barrick” is a name shines like gold. Recently, I fortunately investigated the headquarters of Barrick Gold Corporation and the subordinated Hemlo Gold Deposit together with a delegation. Both parties respect for and were honest with each other. As Chen Yu min ,Chairman of Shan d ong Gold Group , said , this visit was the most detailed and thorough investigation and exchange between two business groups ever experienced by him, sufficiently showing Barrick’s friendship and attention to Shandong Gold.
Similar Cultures
Predestination often brings people together from thousands of miles away. In the address of welcome, Woo Lee, President of China of Barrick Gold Corporation, passionately said that executives of the two gold companies have visited each other up to nine times over the past nine months, which is obviously a good start for the establishment of a long-term partnership. An important premise of the connection and steadily increased mutual understandings and friendship between the two parties is our “similar corporate cultures”. His words resonated strongly with people who presented there.
“Partner culture” is honored as the core in Barrick Gold Corporation. At cultural level, “partners” don't merely refer to equity holders. We noticed that people of Barricker like to say “our mines” when communicating with communities, partners and of course with their colleagues spreading all over 17 countries, so that “they face problems and share revenues jointly”. And Barrick is positioned as “a co-owned company” by itself.
In order to break limits of time and space, Barrick Gold Corporation is popularizing the employee stock ownership plan as much as possible; additionally, it convenes a video conference at fxed time every week, in which colleagues spreading all over the world are assembled to improve efficiency, reduce costs for dealing with problems and liaise with each other through timely and frequent communications. In order to break restrictions between levels in the group, the group executives timely interact with employees to communicate values and visions. There was a good example during the investigation: in the exchange meeting, Barrick’s Chief Operating Officer (COO) Richard Williams explained to participants who were in formal suits: “the reason why I am in labor suit is that I wish colleagues at basic level can see that we are the same in the coming video conference”. In order to break technical barriers, Barrick Gold Corporation timely releases information of all kinds, including strategic ideas ,
Board Chairman Chen Yumin donated books in Yuanxin,Fujian
Barrick’s corporate culture
