Sustainability Report - Leighton Asia

Be commercially competitiveWe work efficiently, respond to our markets,optimise profits, deliver on time and maximiselocal expertise.PracticeAt Leighton Asia, we aim to work to peak efficiency to optimisestakeholder and shareholder profits by delivering on time underthe guidance of the local expertise we employ at each project,this in accordance with company practice.With a primary focus on providing professional project delivery,we systematically manage projects to maximise value for allstakeholders, comply with relevant laws and contractualobligations, assigning sufficient resources to provide the desiredlevel of service to clients and achieve required standards.To this end we provide appropriate training for employees andsubcontractors to improve service to clients and projectdelivery. We set targets and review results on a regular basis toensure continuous performance improvement and to ensure thatour quality management system is in accordance withISO 9001:2000.Value workshopsOur core values are at the very heart of, and form thefoundation of, a corporate philosophy that has witnessed thegrowth and success of the company across the region. Thesevalues define an understanding of who we are, how we behaveand what we do. We have identified major behaviours for thesecore values and how they correlate with our strategic intents,namely, local knowledge, international experience and focuson success.To this end, we have identified representatives from eachregion as Value Champions to further promote our core valuesand corporate philosophy. The team holds regular workshopsto exchange ideas and formulates best practices in order toguarantee the provision of superior service in relation to currentand future projects.Managing Directors’ RoadshowIn 2008, Leighton Asia managing director Hamish Tyrwhitt,together with the executive team, conducted a ManagingDirector’s Roadshow at nine locations across the region,including Ho Chi Minh City, Beijing, Masbate, Manila, Bangkok,Macau, Hong Kong, Guam and Phnom Penh, at which all staffacross the region were presented with a review of the company’sstrategic direction for the future.The Roadshow conveyed a number of key messages, includingcommunicating our business strategy and the importance ofcommitment to living our core values. Reinforcing the need tobe commercially competitive, the Roadshow also emphasisedthe need for the company to continue attracting and retainingthe right people and the provision of ongoing support anddevelopment to all staff in order to implement planningprocesses with a focus on clients and key stakeholders, resultingin continued business growth and stronger career opportunitiesfor staff.Risk managementA major component of Leighton Asia’s business, both strategicallyand throughout project delivery in achieving sustainability,is risk management.Pre-contract management groups are responsible for businessdevelopment and securing projects. This process involves acontrolled approval process and commercial and technicalrisk reviews. Post-contract management groups are responsiblefor the project delivery involving the management of riskand opportunity.The company’s risk management processes and guidelines are inline with AS/NZS:4360 and these processes and guidelines arealigned with the risk management guidelines provided byLeighton Holdings’ risk management group. These include limitsof authority, types of acceptable risk exposure and financial levelsof acceptable risk.