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187
4.
To elect the Audit Committee of the Trust by ordinary resolution. The following trustees, who meet the
requirements of paragraph 26.1 of the Trust Deed, nominated by the Group Nominations Committee and
recommended by the Board, have offered themselves for election:
4.1
Ms D L T Dondur
4.2 Mr E A Moolla
4.3 Mr P Ranchod
5.
To approve, by special resolution, the following remuneration of the trustees (exclusive of VAT) for the
period 1 July 2019 until such time as this remuneration is amended by a further special resolution:
• remuneration of the chairman, comprising an annual retainer of R450 000 and an attendance fee of
R19 440 per meeting;
• remuneration of the deputy chairman, comprising an annual retainer of R300 000 and an attendance
fee of R14 580 per meeting;
• remuneration of the co-opted members of the Board of Trustees, comprising an annual retainer of
R225 000 and an attendance fee of R9 720 per meeting;
• remuneration of the remainder of the members of the Board of Trustees, comprising an annual retainer
of R150 000 and an attendance fee of R9 720 per meeting;
• remuneration of the chairman of the Trust Audit Committee, being an attendance fee of R24 300 per
meeting;
• remuneration of the members of the Trust Audit Committee, being an attendance fee of R12 150 per meeting;
• remuneration of the chairman of the Group Nominations Committee, being an attendance fee of
R24 300 per meeting;
• remuneration of the deputy chairman of the Group Nominations Committee, being an attendance fee of
R18 225 per meeting; and
• remuneration of the members of the Group Nominations Committee, being an attendance fee of R12 150 per
meeting.
VOTING
In voting or passing any resolution:
•
Associate Members
(as defined in clause 18 of the Trust Deed) do not have any votes; and
•
Ordinary Members
(as defined in clause 18 of the Trust Deed) shall have 100 (one hundred) votes each, plus
1 (one) additional vote for each completed R200 (two hundred Rand) standing to his/her credit in his/her
Apportionment Account (as defined in the Trust Deed), as at the most recent date prior to the meeting when
the Apportionment Accounts of Ordinary Members were adjusted, provided that an Ordinary Member who
is at the date of the vote 3 (three) months or more in arrear with the payment of his/her premiums (payable
in terms of the Master Contract (as defined in clause 1.2.25 of the Trust Deed)) shall only have 1 (one) vote at
the meeting.
A member who has more than 1 (one) vote may not split votes to exercise his/her votes in voting on any particular
resolution but shall exercise all his/her votes either for or against the resolution or the member may abstain from
voting on it. An ordinary resolution is a resolution approved by a majority of votes exercised on that resolution.
A special resolution is a resolution approved by 75% of the votes exercised on that resolution.