Corporate Governance and Annual Report of Brickworks Australia

Running head: ETHICS AND GOVERNANCE
ETHICS AND GOVERNANCE
Name of the Student
Name of the University
Author Note

1ETHICS AND GOVERNANCE
Executive Summary
The aim of the research paper is to discuss the company Brickworks and the industry in which it
is presently working in Australia. The research paper will be providing each and every details
about the organization, about the corporate governance and structure of the company. It will also
discuss the reports from the chairperson of the company. In the end it will complete reviewing
the annual report of the company and will state the immediate priorities of the company and how
it is planning to achieve them.

2ETHICS AND GOVERNANCE
Table of Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................3
Discussion........................................................................................................................................5
Corporate Governance.................................................................................................................5
Review of Brickwork Company Annual Report and its Website....................................................7
Website Review...........................................................................................................................7
Annual Report of Brickworks Australia......................................................................................9
Interpretation of company communications using Legitimacy Theory.........................................12
Conclusion.....................................................................................................................................12
References......................................................................................................................................13
Abstract..........................................................................................................................................15
Annual Report of Brickworks 2018...........................................................................................15

3ETHICS AND GOVERNANCE
Introduction
The Australian Construction industry is one of the largest growing sectors in the country
with along with the commercial construction projects which has increased with almost more than
18% in the recent years. Along with the rapid growth of the industry it can also be said that there
will be a demand in the large share of the overall GDP, employee more and more people in the
industry. Thus it will also contribute more to the larger economy of the country. According to the
author Deegan, Rankin & Tobi (2002) the Australian construction industry is known to get the
influence from the huge amount of population growth, housing , technology and the increase in
the availability of the labor force across the country. The author also says that more than 1.6
million are employed in the construction and home building industry. Therefore it can be said
that the construction industry is not only the GDP producer in the country but it is also the largest
employer of the country.
Brickworks Limited is one of the most popular Australian owned or based group which is
engaged in decision making, developing, manufacturing, distributing the raw materials and the
sales of variety of building and construction materials across the country. The organization
Brickworks Ltd was founded on June 21, 1934 in NSW. The organization was formed in order to
protect the Australian Brick Manufacturing industry during the time of Great Depression. In the
year 1939 the organization changed itself from a public to private company. As because the
organization used to deal with the construction materials it eventually started dealing with the
sales of property, property trust and other types of management in waste that was issued by the
government of Australia. However this led the organization to manage the development of the
land in Australia which became the second main part for the company to work on. Whereas the

4ETHICS AND GOVERNANCE
first focus of the company is still on the building of Product Group and the third focus of the
company is on the Investment group of the construction building group (Deegan, Rankin &
Tobin 2002).
The organization is headquartered in Horsley which is in NSW, Australia. The
organization is known to operate in most of the states throughout the country. The Corporate
structure of the organization seems to be like on three main groups which are the Building
Products Groups that is a branch responsible for operating under 11 brands maintained by the
company. The operations of this branch range from warehousing to logistics. The second branch
is known for developing The Land and Development Group which is known to make use of the
surplus land brought by the company in Australia. The branch is mainly known for dealing with
the land scales, property trust, and waste management. The third branch or the group is known
for making the strategic decision regarding the business. It seeks the business opportunities,
making judge mental calls, and generating various types of projects. Additionally it also serves
the tactical planning for the business organization.

5ETHICS AND GOVERNANCE
Discussion
Corporate Governance
The company Brickworks is headquartered in Horsley, NSW, and Australia. The
organization is known to operate in all the states of Australia. The Brickworks Limited is
publically traded on the Australian Stock Exchange and is known to exchange under the
company code of BKW. The total amount of investment f the organization is known to represent
worth 45% interest in Washington H . Soul Pattinson. It has also provided a stabilizer to often
viol date the building product earnings in the mainstream. The Board of Directors mainly
includes:
 Lindsay R. Partridge 2000 – present. Managing Director
 Michael J. Millner 1998 – present. Non-Executive Director, Deputy Chairman
 Robert D. Millner 1999 – present. Non-Executive Chairman
 Brendan P. Crotty 2008 – present. Independent Non-Executive Director
 David N. Gilham 2003 – present. Independent Non-Executive Director
 Deborah R. Page AM 2014 – present. Independent Non-Executive Director
 The Hon. Robert J. Webster 2001 – present. Lead Independent Director
The Report from the chairman mainly includes the highlights of the year 2018. The
Chairman says that the operations and management of the company for the financial year 2018
was extremely pleasing. Thus it can be said that the company is using right strategies and
corporate structure so-a s to deliver earning growth and very strong shareholder’s return. The
chairman’s report claims that the company has earned more than $174.56 million dollars in the