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Business
Ethics
EGL is committed to maintaining the highest
standard of conduct by adopting policies to guide Directors,
management and employees in carrying out their duties and
responsibilities.
| The policies cover such
matters as: |
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- Honesty and fair trade;
- Conflict of interest;
- Fundamental ethical practices and
principals;
- Culture of openness, honesty, trust,
integrity and mutual respect;
- Responsibility to the environment
and the community.
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Employer
of Choice
Our structured staff training plan, incentive and share plans are aimed
at maintaining a stable and committed workforce, and keeping staff turnover
to a minimum.
The Staff Bonus Scheme has operated for a number of years and
subject to Board approval, allows for modest bonuses to be paid to select staff,
based on individual performance.
As well as share plans and bonus schemes,
EGL operates a formal Human Resources Committee to encourage employees to be
actively involved in the growth of the Company. Equal opportunity, positive
support, honesty and openness characterise the operations of the Company.
The
aim of our Staff Training Program is to provide 20 to 25 hours of training
per employee per year in a range of skill based and personal development areas.
EGL
offers flexible employment arrangements including job sharing where appropriate.
Staff numbers have increased with the growth of the business to approximately
90 employees.
| As well as the positive environmental
benefits that EGL brings to our communities the Company
and individual employees also provides other benefits
to our communities. |
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| The initiatives include: |
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- employment and training of engineering
students to meet the requirements for professional
experience;
- benefactor membership of Environment
Business Australia (EBA) the peak industry body for
companies in the Australian environmental industry.
The EBA is currently lobbying the Federal Government
to adopt the Kyoto Protocol as well as on other issues
aimed at improving Australia’s environmental
performance. Our activities extend to membership
of the EBA advisory body and representing EBA on
the Waste Management and Sustainability Committees
of the Western Sydney Environmental Taskforce;
- employees are encouraged to participate
in a number of charitable activities including “Jeans
for Genes Day”.
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Employee
Share Plan and Share Option Plan
In a resolution approved by shareholders
at the AGM on
29 November, 2000, EGL operates a Staff Share Plan for the benefit of
all eligible employees. All employees that have completed 12 months service
are eligible for $1,000 of EGL ordinary shares every 12 months.
Members of the management team are also provided
with options to purchase EGL shares at various strike prices.
This was approved by shareholders at the same AGM.
The Board has determined that these plans
best align employee and shareholder interests at this time.
Employees and Directors of EGL own approximately
10% of outstanding shares either through the Staff Share
Plan or individually. The Staff Share Plan is in the Top
30 shareholders in EGL.
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