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Annual Report 2009/10 Excellence in Retailing - Douglas Holding

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DOUGLAS HOLDING AG<br />

Mission Statement<br />

Letter to the Shareholders<br />

Executive Board<br />

Corporate Governance<br />

<strong>Report</strong> of the Supervisory Board<br />

DOUGLAS Share<br />

Impressions<br />

Human Resources<br />

Engag<strong>in</strong>g and personal service: a Hussel hallmark – shown here Pranvera Pllunci (left) and Stefanie Wörder (Store Manager) from Remscheid.<br />

corporate headquarters <strong>in</strong> Hagen, the Group is now<br />

operat<strong>in</strong>g another valuable childcare service. The facility<br />

opened <strong>in</strong> August with 12 children aged up to<br />

three, with a further 15 up to six years old jo<strong>in</strong><strong>in</strong>g <strong>in</strong><br />

August 20<strong>10</strong>.<br />

Develop<strong>in</strong>g the specific corporate culture of the<br />

DOUGLAS Group will be another key focus. In l<strong>in</strong>e<br />

with the corporate motto of “<strong>Excellence</strong> <strong>in</strong> Retail,” this<br />

culture reflects a desire for commercial success comb<strong>in</strong>ed<br />

with fairness and mutual respect. The corporate<br />

values and management pr<strong>in</strong>ciples that apply to all<br />

the DOUGLAS Group companies serve as the “rules”<br />

underp<strong>in</strong>n<strong>in</strong>g this culture. Dur<strong>in</strong>g the 20<strong>10</strong>/11 f<strong>in</strong>ancial<br />

year, these will be revised to ensure their cont<strong>in</strong>u<strong>in</strong>g<br />

relevance and the accuracy of their word<strong>in</strong>g – to<br />

reflect chang<strong>in</strong>g circumstances.<br />

In the future the DOUGLAS Group will hold fast to<br />

its long-stand<strong>in</strong>g pr<strong>in</strong>ciples of decentralized decisionmak<strong>in</strong>g,<br />

personal <strong>in</strong>teraction and high satisfaction<br />

levels among the workforce. Re<strong>in</strong>terpret<strong>in</strong>g these pr<strong>in</strong>ciples<br />

over the passage of time – that too is a hallmark<br />

of the DOUGLAS Group’s human resources work. It<br />

is for good reason the Group’s motto for the 20<strong>10</strong>/11<br />

reads “With heart and m<strong>in</strong>d <strong>in</strong>to the future.”<br />

25

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