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40
JOHN DANIEL HOLDINGS LIMITED AND ITS SUBSIDIARIES
INTEGRATED ANNUAL REPORT 2011
Ethical Leadership and Corporate Citizenship
Apply Partially apply
Under review/
do not apply
Integral to the risk management process
√
Oversees the external audit process
√
Reports to the board and shareholders on how it has discharged its
duties
√
COMPLIANCE WITH LAWS, CODES, RULES AND STANDARDS
The board ensures that the company complies with relevant laws
√
The board and directors have a working understanding of the relevance
and implications of non-compliance
√
Compliance risk forms an integral part of the company’s riskmanagement
process
√
The board has delegated to management the implementation of an
effective compliance framework and processes
√
GOVERNING STAKEHOLDER RELATIONSHIPS
Appreciation of stakeholders’ relationships
√
There is an appropriate balance between its various stakeholder
groupings
√
Equitable treatment of stakeholders
√
Transparent and effective communication to stakeholders
√
5
Disputes are resolved effectively and timeously
√
THE GOVERNANCE OF INFORMATION TECHNOLOGY
The board is responsible for information technology (IT) governance
√
IT is aligned with the performance and sustainability objectives of the
company
√
Management is responsible for the implementation of an IT governance
framework
√
6
The board monitors and evaluates significant IT investments and
expenditure
√
IT is an integral part of the company’s risk management
√
IT assets are managed effectively
√
The risk management committee and audit committee assist the board
in carrying out its IT responsibilities
√
THE GOVERNANCE OF RISK
The board is responsible for the governance of risk and setting levels of
risk tolerance
√
The risk management committee assists the board in carrying out its risk
responsibilities
√
Corporate Governance -
Continued