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JOHN DANIEL HOLDINGS LIMITED AND ITS SUBSIDIARIES
INTEGRATED ANNUAL REPORT 2011
Sustainable development strategy
The Group is currently establishing its sustainable devel-
opment strategy which will be a work in progress and
more detailed in the next report.
The following principles have however been identified to
start the process of establishing this strategy:
•
Establishment of sustainable, cash generative busi-
ness models within the operating subsidiaries;
•
To consider environmental impact;
•
Forming strong, sustainable relationships with
stakeholders;
•
Improve relationship with the workforce and be fair;
and
•
Upliftment of communities in which it operates.
The initial step in the sustainable development strategy
was to remedy theGroup’s solvency and liquidity concerns.
These concerns have largely been remedied through a
combination of the corporate actions announced in June
2011, the on-going funding secured via the Escalator
Capital Limited term loan agreement and the evidence of
a turnaround in the operating subsidiaries.
Corporate Governance -
Continued
Success seems to be connected with action.
Successful people keep moving. They make
mistakes but they never quit.
- Conrad Hilton