Shareholders

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Shareholders Essay, Research Paper

March 5, 1998

Ms. Mary Ruiz

321 Orange Way

Green Valley, Ca 90272

Dear Shareholder:

This year has been an exciting and profitable one at Nomad Limited Limited. As a shareholder, let us tell you about our recent successes and the challenges we expect in the coming year and beyond. This letter summarizes the high points of the year and provides valuable details about our work in individual areas of the organization, including finance, communications, quality assurance, and travel. I am enclosing a complete copy of our Annual Report for the entire organization and detailed profiles for each division.

The schedule for the annual meeting is as follows:

- President’s Presentation, 1:30

- Questions and answer session, 2:00

- Guest Speaker, 2:30

- Reception, 2:30

We are proud of our employees and encourage you to join us at the Nomad Limited Limited Annual Meeting held at the Plaza Center Inn next month. Enclosed is a reply card, which you can return to us if you plan to attend.

Corporate Mission Statement

Nomad Limited Limited employees take great pride in living up to the high standards of our company’s mission. It is the mission of Nomad Limited Limited to provide quality service to the outdoor community. We will provide the best services, products, and leadership in the area alpine expeditions.

Milestones

Achieved 163% of plan for the year, a new record!

Introduced South American adventures in travel division

Increased Northeast sales 65%

Balancing the Books

This year’s sales continued the trend of rising revenues. For the year, we exceeded the goals set forth in the President’s Plan. We also implemented many new saving measures, many of which were suggested during employee retreats and brainstorming weekends.

Communications

Nomad Limited Limited developed office publishing department to produce all corporate communications including the annual report, the corporate newsletter, and corporate catalogs. We also completed a yearlong search for new director of communications.

Quality Assurance

This department normalized and implemented Product Testing and Standards review process. QA installed Product Testing Center. QA started working with guiding and outdoor leadership organizations to field-test all products including outerwear and recreational gear.

New Directions Travel Division

The travel division purchased two national guiding services and another with international connections. Combined, these organizations will deliver services through the New Directions subsidiary. This diversification will allow us to offer new tours in exciting locations, including South America and Africa.

Sincerely,

Chris Peterson

VP

Nomad Limited Limited

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Rights of shareholders
Allocation of powers between directors and shareholders
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