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15. Auditors
AM Smith and Company Inc will continue in office in ac-
cordance with section 90 of the Companies Act 71 of 2008.
16. King
The group is committed to the principles of openness, in-
tegrity and accountability as contained in the King Code
of Corporate Practices and Conduct.
The Group has not been able to consistently complied
with all the King recommendations during the period
under review, due to the on-going process of re-consti-
tuting the governance structures initiated in September
2010 as part of the group restructure.
The Group has however made significant progress in the
period to attain full compliance with the code.Themost sig-
nificant area that will be addressed in the new financial year
being the composition of the audit committee. The group
audit committee comprises of the required minimum three
independent non-executive directors with the required
skill and experience, the chairman of the board however is
one of the independent non-executive directors.
The Audit committee comprises of:
B Topham (Chairman of audit committee)
KA Rayner
RJ Connellan
The above audit committee met three times during the
15 month period.
The reconstituted remuneration committee met three
times during the 15 month period and comprised of:
KA Rayner (Chairman of remuneration committee)
B Topham
RJ Connellan.
17. Certification by the company secretary
I certify that John Daniel Holdings Limited has lodged with
the Registrar of Companies, for the financial period ended
30 September 2011, all such returns as are required by a
public company in terms of the Companies Act of South
Africa and that such returns are true, correct and up to date.
TM Jonker
Company Secretary
15 December 2011