a.1 - Natal Law Society
a.1 - Natal Law Society
a.1 - Natal Law Society
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AGM MINUTES - 8 - 12 OCTOBER 2012<br />
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ATTORNEYS FIDELITY FUND (AFF)<br />
Motlatsi Molefe, the Executive Director of the Attorneys Fidelity Fund, presented a report<br />
of the Board of Control in the absence of the Chairperson, Silas Nkanunu, who was unable<br />
to attend.<br />
Molefe began his address by commending the <strong>Society</strong> and its’ members for embracing<br />
innovation and a positive spirit and expressed his gratitude and appreciation for the working<br />
relationship that he has developed during his time at the Fund.<br />
The Executive Director drew the Meeting’s attention to the fact that, for the period January<br />
to October 2012, the Fund had paid just in excess of R105 million in respect of claims<br />
associated with the misappropriation of trust funds and in terms of claims lodged against<br />
the Fund up to October 2012 this figure is in excess of R277 million.<br />
The Fund has resolved to embark on promoting a positive image of itself and that of the<br />
profession and to this end requires the co-operation of the law societies.<br />
He added that the KZN <strong>Law</strong> <strong>Society</strong> had embraced the principle of a partnership with the<br />
Fund insofar as implementing the RASS program and including members of the Fund’s staff<br />
on inspections from time to time and the Fund had made resources available to ensure that<br />
these initiatives work well.<br />
Molefe reported that the Fund has been actively engaged in the discussions and<br />
deliberations surrounding the LPB and how this will impact on the Fund.<br />
The Executive Director concluded by stating that the experience of the Fund, the changes<br />
considered and those implemented inform the future of the Fund and that of the profession<br />
and of sustainability.<br />
Discussion:<br />
There being no discussion the President thanked the Executive Director for his report.<br />
PLENARY SESSION<br />
CONSTITUTION OF THE MEETING<br />
The President confirmed the attendance of more than 50 members, constituting a quorum<br />
and declared the meeting properly constituted.
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