Contents - Principal Officers Association

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Imbasa Yegolide AwardsOur Imbasa Yegolide Awards were held for the second year running. The event took placeat the Sandton Sun Hotel and was enormously successful – there was an attendancefigure of 480. We believe that the Awards are now a firm event on the industry calendar.As usual, Principal Officers made their voices heard by nominating service providers whomthey felt had rendered excellent service to their funds.The POA wishes to thank Cadiz Asset Management and Franklin Templeton Investmentsfor their generous contribution towards making the evening such a success. The POA alsothanks Eversheds for being the draw sponsor for the evening.11 12Agenda: Seventh Annual GeneralMeetingTHE PRINICPAL OFFICERS ASSOCIATION OF SOUTH AFRICA “POA” (Incorporatedunder section 21) NOTICE TO MEMBERSNOTICE IS HEREBY GIVEN that the SEVENTH ANNUAL GENERAL MEETING of the PRINCIPALOFFICERS ASSOCIATION OF South Africa (“POA”) shall be held at The Ballroom at SerengetiClubhouse, Serengeti Golf and Wildlife Estate, R25 Bronkhorstspruit off ramp just off the R21Highway (entrance on the R25 towards Bronkhorstspruit), Kempton Park, Gauteng on Tuesday, 22February 2011 at 12H40 for the following purposes:Congratulations to our category winners:• Manager of managers of the Year - 27four Investment Managers• Custodian of the Year - Standard Bank• Cash Manager of the Year - STANLIB Asset Management• Equities manager of the Year - Coronation Fund Managers• Multi-Manager of the Year - Investment Solutions Limited• Global manager of the Year - Investec Asset Management (Pty) Ltd• Overall investment manager of the Year - Coronation Fund Managers• Socially responsible investor of the Year - Cadiz Asset Management• Transition manager of the Year - Cadiz Securities• Investment consultant of the Year - Fifth Quadrant Actuaries & Consultants• Law firm of the Year - Hunter Employee Benefits Law (Pty) Ltd• Trust administrator of the Year - Fairheads Benefit Services• Employee benefits administrator of the Year - Old Mutual Corporate• Employee benefits consultant of the Year - Seshego Benefit Consulting (Pty) Ltd• Risk manager / underwriter of the Year - Metropolitan Employee Benefits• Risk Manager of the Year: Investments - RisCura Analytics• Hedge fund provider of the Year - Edge Capital (Pty) Ltd• Tracing Agent of the Year - The Data Factory• Umbrella Fund Administrator of the Year - Sanlam Employee Benefits: Umbrella Solutions• Training provider of the Year - Tony Remas, Compliance Consultant: Retirement FundsYour Profession - Your IntegrityORDINARY BUSINESS1. To receive and approve the minutes of the Sixth Annual General Meeting of the POA held on16 February 20102. To confirm the chairperson for the period 16 February 2010 to 22 February 2011.3. To receive, consider and approve the audited Annual Financial Statements for the period1 March 2009 to 28 February 2010 together with the reports of the directors andauditors thereon.4. To receive the Chairperson’s report5. To confirm new appointments to the board in line with 4.4. of the minutes dated16 February 20106. To elect directors in accordance with the provisions of Article 11 of the Articles of the Association.One third of the directors shall retire by rotation at every annual general meeting, however theretiring directors shall be eligible for re-election. The following directors shall retire by rotation:6.1 Wanjiru Kirima – Available for re-election6.2 Gary Hughes – Not available for re-election6.3 Lavinia Khangala – Not available for re-electionNote: In approving the re-election of retiring directors, Article 11.7 of the Articles of Association isimportant. Article 11.7 of the Articles of Association provides that unless a member is recommendedby the Board of directors that member is not eligible for election as a director at the AGM. However,any member would become eligible for election as a director at the AGM provided that no lessthan 10 (ten) days before the date of the AGM, there is provided to the Company Secretary ofthe Association, a written notice setting out the intention by no less than 2 members to propose amember for election, accompanied by such member’s willingness to be elected.7. To notify members that the board intends to review to Articles of Association to comply with thenew Companies Act, 2008 and the King III Code of Corporate Governance in South Africa.8. To re-appoint KPMG Inc as the Auditors for the forthcoming year and to confirm their remunerationfor the year that ended 28 February 2010.Your Profession - Your Integrity
GENERAL INSTRUCTIONSAny member entitled to attend and vote is entitled to appoint a proxy to attend, speak and voteat an Annual General Meeting in his stead. A form of proxy should be properly completed andforwarded to reach the company secretary by not later than 48 hours before the time of themeeting.Board MembersNot Available for Rotation• Gary Hughes• Lavinia KhangalaAvailable for Rotation15 JANUARY 2010BY ORDER OF THE BOARDWanjiru Kirima. Until recently, Wanjiru Kirima was the Principal Officerof the Shell and SAPREF Pension Funds in South Africa. She also heldthe portfolio of Global Trustee Support within the Shell Global PensionsGroup. Wanjiru now heads up Group Pensions at First Rand.New Appointments to the Boardto be confirmed at this agmSibusiso Luthuli is the Chief Executive Officer and Principal Officer ofthe Eskom Pension and Provident Fund. He has a background in bankingand was formerly CEO of Ithala Bank Limited, a wholly-owned subsidiaryof the Ithala Development Finance Corporation Limited. He also servesas the non-executive Chairman of Cipla Medpro Pharmaceuticals Limitedand is a non-executive Director of Telkom SA Limited.Isgaak Jarodien is currently Principal Officer of Illovo DB & DC PensionFund and Illovo Retirement Benefit Fund. He is an admitted Attorney anda Certified Financial Planner (CFP) with a total of eleven (11) years legalexperience, six (6) of which relates to the financial services industry.13 14Johan de Waal is employed by Implats as the Group’s EmployeeBenefits Manager. He is the Principal Officer of Novel Platinum PensionFund, Impala Provident Fund, Impala Refineries Provident Fund andImpala Medical Plan. He is also the Chairman of the Impala WorkersProvident Fund and the Implats Beneficiary Fund. He has been active inthe retirement industry since 1998. At Implats he is responsible for thelong-term benefits of employees.Minutes: Sixth Annual GeneralMeetingPRINCIPAL OFFICERS ASSOCIATION OF SOUTH AFRICA(Incorporated under section 21)Minutes of the Sixth Annual General Meeting of the Principal Officers Association of South Africa(“POA”) held on Tuesday, 16 February 2010 at 14:10 in the Village Hall at Midrand ConferenceCentre, 661 Pendulum Street, Midrand.PresentApologies receivedNoticeConstitutionProxies: As per attendance register: Six apologies were received. Please refer to Apology Register: The notice convening the meeting was taken as read.: With the necessary quorum present, the Chairperson, Ms WanjiruKirima, declared the meeting duly constituted.: One proxy in favour of the longest-serving Director present at themeeting.1. MINUTES OF THE PREVIOUS MEETINGThe minutes of the meeting held on 10 February 2009 were approved page by page. The Chairpersonmoved that the minutes be taken as read and signed by her as a correct record of the proceedings.Mr Mark de Klerk seconded the proposal and there were no objections. The minutes were adoptedas a correct record of proceedings.2. Annual Financial Statements for the period ending28 February 2006.The Chairperson reported that the Annual Financial Statements for the period ending 28 February2009 had been circulated electronically on 5 February 2010 and that they had been posted onthe POA website. She proposed that the Annual Financial Statements be taken as read. This wasseconded by Mr Johan de Waal. The Chairperson then moved that the Annual Financial Statementsbe approved and adopted and that all acts and things undertaken by the Directors on behalf ofYour Profession - Your IntegrityYour Profession - Your Integrity
Page 1 and 2: ContentsPage numbersReport from our
Page 3 and 4: We went through an extensive proces
Page 5: SeminarsOur first seminars were hel
Page 9 and 10: FinancialsThe annual financial stat

Contents - Principal Officers Association

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