SECRETARIAT

SeCretArIAt report

In the year under review, the SEIFSA Council approved amendments to the SEIFSA Memorandum of Incorporation, which introduced a Code of Ethics for the Federation as well as the Social and Ethics Committee among the Board Committees. Included in the amendments were ancillary provisions as required by the Companies Act, No. 71 of 2008.

Further, new Non-Executive Directors were elected at the SEIFSA Annual General Meeting held on 14 October 2016. The following Non-Executive Directors were appointed: • Mr Michael Pimstein – President • Mr Oupa Komane – Vice President • Mr Alph Ngapo – Vice President • Mr Leon Viljoen – Vice President • Mr Anthony Boy • Mr Elias Monage • Mr Pieter du Plessis

In addition to the above Non-Executive Directors, two additional co-opted Non-Executive Directors were further appointed onto the SEIFSA Board of Directors in compliance with the Memorandum of Incorporation. These were Ms Mayleen Kyster and Ms Bulelwa Bulo.

The Board also underwent corporate governance training, which was facilitated by Mr Terry Booysen of the CGF Institute.

BOARD MEETINGS

In the year under review, there were four Board Meetings held on the following dates: August 2016 November 2016 February 2017 May 2017

The attendance Register of the Directors at the Board Meetings was as follows:

Director August 2016 November 2016 February 2017 May 2017 No. of Meetings attended

Angela Dick Niel Penson

Absent Present Hannes van der Walt Present Leon Viljoen Bob Stone Ross Williams Ben Gerrard Present Present Absent Absent Paulo Trinchero Present Neil Penson Present Michael Pimstein Absent Alph Ngapo Anthony Boy N/A N/A

Elias Monage

N/A Oupa Komane Present Pieter Du Plessis N/A Kaizer Nyatsumba Present Lucio Trentini Present N/A N/A N/A Present N/A N/A N/A N/A N/A Present Present Present Present Present Present Present Present N/A N/A N/A N/A N/A N/A

0 1 1 Present Present 4 N/A N/A N/A N/A 1 0

N/A N/A N/A N/A 0 1

N/A N/A

1 Present Present 3 Present Present 3 Present Present 3 Present Present 3 Present Present 4 Present Present 3 Present Present 4 Present Present

The attendance Register of the Directors at the Remuneration Committee was as follows:

Director July 2016 June 2017 No. of Meetings attended

Hannes van der Walt Leon Viljoen Ross Williams Oupa Komane Elias Monage Present Present Present N/A N/A N/A N/A N/A Present Present 1 1 1 1 1

The attendance Register of the Directors at the Audit Committee was as follows:

Director

Hannes van der Walt Ben Gerrard Neil Penson Leon Viljoen Alph Ngapo

October 2016 April 2017 No. of Meetings attended

Present Present Present Present N/A N/A N/A N/A Present Present 1 1 1 2 1