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JOHN DANIEL HOLDINGS LIMITED AND ITS SUBSIDIARIES
INTEGRATED ANNUAL REPORT 2011
Risk
The diverse nature of the group places an increased
responsibility on the board of directors to manage the
associated risk. The constitution of the board is such
that control vests with the independent non-executive
directors,providing thebalanced influence contemplated
by King.The management of risk in the group is achieved
by means of a two tier approach. Firstly, high level review
of the inherent risk in the business is managed through
the risk committee which is tasked with identifying risk
and managing the same on behalf of the board.
At an operational level alignment is achieved with group
objective through a robust objective and budget setting
process. Group objectives are cascaded downwards
to provide direction whilst subsidiary budgets are
consolidated to provide group financial management.
Detailed operational dashboards are in place which
enable management to identify deviations and provide
remedial intervention where required. Regular review of
market conditions and performance to budget provides
oversight of the operational risk profile.
Risks and Opportunities
Opportunities and Operations
Risk Committee
Remuneration Committee
Audit Committee
Board of Directors