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Corporate governance
Leighton Holdings has long recognised the need to have in place a comprehensive series of policies, procedures and guidelines relating to corporate governance, ethics, and financial and risk management.
The decentralised structure of the Group means that Leighton Holdings, as the parent company, has the responsibility for providing overall operating parameters for its operating entities. These include setting financial controls, conducting business audits, investment and acquisition overview, and ensuring the highest standards in corporate communications and external affairs.
Managing risk is a critical element of the Group’s overall business strategy and has been a key contributor to its success. While the responsibility for risk management implementation lies with each of the individual operating companies, Leighton Holdings provides guidelines and sets minimum standards for each of their key activities. It also undertakes business audits to review and report on the management of risk across the Group’s companies.
Having effective corporate governance policies in place is vital. We realise the value of having client, stakeholder and market trust in the Leighton name and its various brands, and we understand that this is a key requisite for our continued growth and success in the years ahead.
The Leighton Group's Corporate Governance Report sets out the core principles identified by the ASX Corporate Governance Council as underlying good corporate governance. This report should be read in conjunction with the Leighton Holdings 2011 Concise Annual Report and Financial Report 2011 (Full Financial Report).
