Corporate Governance & Ethics in Timberwell Constructions

This report discusses the sustainability issues faced by Timberwell Constructions, including economic, environmental, and social sustainability. It provides recommendations to overcome these issues and highlights the company's efforts to ensure sustainability.

Running Head: CORPORATE GOVERNANCE & ETHICS 0
Corporate Governance & Ethics
Timberwell Constructions
Student’s Details

CORPORATE GOVERNANCE & ETHICS 1
Introduction
Every company faces a problem and that problem is sustainability. It encourages organizations to
make decisions to use the products carefully. Sustainability has main three pillars; economic,
environmental and social sustainability. Every organization needs to create some objectives
related to sustainability and meet those objectives (Darcy, et al., 2014). The following
sustainability assessment report will describe the sustainability issues or problems of Timberwell
Constructions which is a housing building development company and it has only 58 male
employees who have different kinds of work. The company is facing many types of issues
related to sustainability which will highlight in the report. The economic sustainability includes
sustainability-related to discrimination, ethics, employment and code of conduct. Environmental
sustainability involves energy and power consumption and bio-diversity. Social sustainability
includes working environment for employees, training, and development of employees and many
other things. The following report will discuss all these points.
Economic Sustainability
Resources in the economy are defined as those that are valuable in the future, as well as the
maintenance of resources and the concept used to explain those resources. Economic stability is
considered an important part of sustainability. Economic stability is mostly used to secure and
conserve material and human resources that is to produce valuable long-term sustainability with
recovery, optimal use and recycling to meet individual needs in the future. Investment and long-
term use of natural resources are very helpful to create a profit and value of the world economy.
The ability of climate change does not support the economy of production and make sure to
solve the problem wasting valuable resources is necessary (Bergquist, et al., 2019). Corrupt
conduct, to avoid action and to engage in stakeholders, ensures that the interests of customers
and shareholders are not harmed. The company emerged in the management of financial stability
issues; Timberwell has accepted a continuous improvement approach. The Integrated Economy
fundamental business strategy was formulated with a focus on building the company's access to
sustainability to long-term value for its stakeholders. Timberwell has adopted the Economic
stability alliance through practice.

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Environmental sustainability and assessment are faced with risks and opportunities at
Timberwell. Timberwell was confronted with the hypothetical effects that the Stanwell Council
proposed and the amendments have to comply with their Local Environment Plan (LEP). The
Stanwell Council which describes the heat effects and bushfires of climate change and describes
them as a specific area in response to the risks of Stanwell district and the high standards of
conservation of vegetation development in the region The necessary rules have been made to
fulfill that which shows the distance between its construction and long-distance. Building
materials and ground border fires are used (Cjm Millar & Gitsham, 2013). Timberwell has its
own development site in Stanwell District which is located as a bushy area under the LEP
amendment.
Recommendations
Timberwell adopted and followed the effective steps set by Stanwell Council. It can be
recommended that Timberwell will have to spend $4 million to implement these requirements.
Apart from all this, Timberwell believes that in addition to economic resources, some other
resources are also needed to protect the environment. To follow this, Timberwell focused on
reducing the cost of requirements set by LEP (Caparros‐Midwood, et al., 2017).
A Timberwell employee reported a corruption complaint against this company to the State
Corruption Commission, in which a complaint was filed against a total of seven people,
including five employees of this company as well as two business partners, due to this incident
Timberwell is facing corruption charges. When the charges are framed on those seven
stakeholders, Timberwell has started taking such cases of corruption seriously. As a result of
these allegations, those five employees are suspended without pay because when the result of the
investigation came, they were found guilty. All this resulted in Timberwell not supporting
partners or suppliers who are immoral or supporting immorality, and in addition, Timberwell
ended the partnership with two external consultants accused of corruption (Demirel, et al., 2016).

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Recommendations
Timberwell is now focusing on the relationship of good and ethical actions with stakeholders.
Timberwell must give the training and development program to the employees to avoid the
activities related to corruption. The company must implement strict penalties to promote the anti-
corruption policy (Fonseca, et al., 2014).
Many legal proceedings are going on at Timberwell. Cases lodged by the Consumer Commission
along with the Australian Court of Competitive Practices on the company continue to run in
federal court. The ACCC and Bellantuono organizations received a complaint and with it, a
federal court employee has registered a case against Timberwell Construction Company for
allegations and misconduct of federal power and anti-competitive market power; told as special
behavior (Martin, et al., 2012). The ACCC has framed these allegations after hearing that a
group of local builders have plans to start a competitive development company. Timberwell's top
management threatened new suppliers and strong contractors not to enter the business, stating
that Timberwell would either dilute its business or withdraw from the business.
Recommendations
To avoid these types of things, the company must follow the laws and regulations related to the
environment in daily business operations. When company implements the audit program, that
time company must work with the local communities and authorities to avoid the breach of
environmental laws (Mustapha, et al., 2017).
Environmental Sustainability
Timberwell reviews the activities that act as a solid system for environmental sustainability
whereby Timberwell explains all his activities how they affect the environment. for example,
Timberwell described and reviewed the energy consumption within its organization and noted
how its activities affect biodiversity. Timberwell considered, assessed and exposed all the
products of the organization, the processes and activities of the organization explained how all
these factors affect the environment. A report has described that this type of system approach

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ensures that high-level hot spots of the environment are identified and their impacts are brought
to the front of the public. This type of system approach has the advantage that Timberwell faced
these environmental problems, identified environmental issues and addressed these problems
(Martin, et al., 2012).
Environmental sustainability assessment of Timberwell has been done in the context of the GRI
disclosure. The disclosures related to the energy requirements of the companies described how
much energy has been consumed and the heat report related to it has also been shown. This
report depicts the company's renewable and non-renewable energy consumption. This report
further states that to avoid the double whammy of fuel consumption, it is necessary to separate
these two technologies i.e. renewable and non-renewable.
Recommendations
It can be recommended to the company that the company must initiate the recycling programs
and renew the sources of power and energy because recycling program will also help to reduce
the operational cost and increase the profit.
In the given Scenario, company Timberwell has 60% of the site at Otford Part with an
uncommon collection sedge frog and the planned advancement will reduce the conflict on site
with the endurance of these frogs. Timberwell Construction Company can work hand-in-hand
with environmental groups and Stanwell Council in order to formulate a strategy for managing
the proposed development site as well as protecting the Walm reed frog. Timberwell as
prescribed by Hsu et al., (2013) embraced this activity in managing and monitoring area and
characteristic assets by having biodiversity the board and preservation plan. Timberwell also
assessed the environmental impact, which introduces conservation efforts to the development of
the Park Otford sites. The company wants to change habitat and ensure the existence of frogs on
site.

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Recommendations
Timberwell Constructions must be taking measures and actions to protect the biodiversity and
extinction of the frogs. The company must take some protective measures to develop biodiversity
near the working site.
In order to expand his auditing program to examine 0.45 hectares of coastal grassland in the
severely endangered ecological community Timberwell and the vegetation management plan,
contractors and fined $ 200,000 in order to rehabilitate not less than $440,000 in implementing
the plan (Oke, 2015). Timberwell has advocated by Bellantuono et al. (2016) attempted to ensure
compliance using various conflict resolution mechanisms. Despite the success of the legal
implication, the dispute resolution approach is also important (Staniškienė & Stankevičiūtė,
2018).
Recommendations
To avoid these types of things, the company must follow the laws and regulations related to the
environment in daily business operations. When company implements the audit program, that
time company must work with the local communities and authorities to avoid the breach of
environmental laws.
Social Sustainability
Social sustainability is an important element in ensuring the stability of the entire organization.
Timberwell uses the approach of corporate responsibility management to achieve this goal. The
activities of associations just as its framework bring about noteworthy financial, cultural, social
just as effects on the neighborhood networks (Norton, et al., 2014). An association has the
obligation in foreseeing and decreasing the negative outcomes and consequences for the network
by embraced a distinguishing proof and commitment process with a partner who helps an
association in understanding the requirements and vulnerabilities of the nearby networks. So as
to meet this target, Timberwell has embraced a social duty approach whereby it guarantees that it
centers on recognizing, understanding just as dealing with the impact of its procedures and tasks
to the encompassing condition, individuals just as a society (Negi & Dangwal, 2019).

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58 male employees are highly competitive with various business activities of Timberwell and the
local market which leads to new recruitment and turnover. The company hired 12 new trainees in
the reporting period and has 17 employees leaving the company to join another company or start
any business. According to the report, the former concerns the company currently employs 20.6
percent, which figures at 29.3 percent of employees who have left the company, while the
organization has gone to levels (Mustapha, et al., 2017).
Recommendations
To solve this problem, an innovative system-level holding for the company to link employee
management and employee performance with day-to-day inventory to provide more
compensation measures to ensure growth in more than one (Siirola & Edgar, 2012).
In Timberwell, a worker propelled a protest with the Fair Work Commission based on age-based
separation and improper diversion in the work environment. The representative detailed that he is
the main specialist more established than 50 years old with the rest somewhere in the range of 30
and 50 years and was focused on mortifying age-related jokes from others. The worker was
redressed and Timberwell needs to look dynamic and in charge. Should state here: 'because of
this decision, Timberwell has refreshed its enemy of segregation approach and actualize hostile
to separation preparing to all is workers to evade this later on (Starik, et al., 2016).
Recommendations
The company must promote diversity and create strict policies to remove perception as well as
company must give the training to the employees who are not engaged in prejudiced behavior.
Timberwell has several programs and initiatives as well as initiatives and development programs
with community involvement and participatory impact assessment. Second, the company is
based on meeting local people and connecting with local communities through community

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development programs that require local communities for reasonable social housing. Lastly, the
company is functioning with Stanwell Council according to proposed amendments to the local
environmental plan. The increasing risk of shrubs in this district is in response to steno
development sites as well as global warming and other climate changes (Rigamonti, et al.,
2016).
Recommendations
Timberwell constructions must introduce development initiatives related to the local community.
The company must be disclosing the details related to the environmental impacts.
Conclusion
From the above discussion on the sustainability issues, it can be concluded that Timberwell is
facing the many kinds of sustainability issues. To manage these issues of sustainable
development, the company has implemented many approaches of management. To manage the
problems of economic sustainability, the company has a constant improvement process that
continuously reviews its methodologies adopted to achieve this goal. In addition, the company
has adopted a systematic approach to environmental sustainability, it is to ensure environmental
sustainability of operations, products and review processes. A responsibility carried out by
employees of Timberwell, under which it may approach employing local people, ensuring that a
safe work environment and focusing on anti-discrimination policy by engaging with local people
to train employees on discrimination in the workplace, for example, identifying the needs of
other key stakeholders to identify the Stanwell Council.

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