Page 17 - Neal and Massy Holdings Annual Report 2012

15 forward focused
integrity
care
confidence
growth
Integrity is the cornerstone of the foundation on which our values are built. It is
the reason why Neal & Massy continues to be the partner of choice, dependable and
protective of the interests of all of our stakeholders. All our employees are encouraged
and expected to act with the highest ethical standards that will merit the continued trust
and confidence of our customers, business partners, suppliers, colleagues, shareholders
and our communities.
We Care. We believe in building long-term relationships with our employees and
customers. We believe we have a duty to have our employees return to their homes safely
after work. We are committed to building future generations of professionals and leaders
and we invest heavily in the training and development of our executives and staff. Through
the work of The Neal & Massy Foundation and our individual subsidiary companies in all
territories in which we operate, we continue to provide financial and other support to
worthy causes to assist the less fortunate through education, development programmes,
arts and culture, sport and religion.
With almost 90 years of committed presence and experience through different peaks
and troughs, our Group has become a well-respected conglomerate wherever we do
business. Our diversity gives us the resilience to rebound after difficult times and our
sound investment and good operational management have helped us to demonstrate
consistent growth in shareholder returns over time. Our financial strength and experience
gives us the Confidence to pursue new ventures and strategies to keep reinventing
the Group to stay abreast of changing times.
Growth is a mandate from our Shareholders, to which this Group is committed. Our
financial position provides a solid base for growth as we expand beyond our traditional
geographies and within our existing industries. We have invested in a strategic plan, which
charts the course for growth over the next four years. We are investing in the recruitment
and development of executives and talented individuals to provide the organizational
capacity to achieve our growth objectives. The introduction of Shareholder Value Added
(SVA) as the key financial performancemetric for executives has sharpened the focus on both
income statement and balance sheet management for growth. SVA is a measure of value
creation that subtracts the Cost of Capital tied up in the Assets of a business from the Net
Operating Profit After Tax. The Group’s Executive Performance Incentive Program requires
a minimum growth in SVA which aligns Executives’ interests with those of Shareholders.