Company Secretary Report

Louwressè Specht Industrial Relations Executive & Company Secretary

During the Federation’s 78th Annual General Meeting (AGM) held on 8 October 2020, the following Non-Executive Directors were elected to the SEIFSA Board:

• Mervyn Naidoo; • Malcolm McCulloch; and • Arun Cadha.

The following Non-Executive Directors were re-elected to serve on the SEIFSA Board: • Elias Monage; and • Andrea Moz.

The following were elected President and Vice-Presidents from the elected Non-Executive Directors:

SEIFSA President • Elias Monage

SEIFSA Vice-Presidents • Nonhlanhla Ngwenya; and • Andrea Moz.

Board Meetings

In the year under review, there were six Board Meetings held on the following dates:

• 2 August 2021 • 26 August 2021* • 20 September 2021* • 18 November 2021 • 8 February 2022 • 3 May 2022

*Special Board Meeting.

Board Committee Meetings

In the year under review, there were the following Board Committee Meetings, held on the following dates: Audit and Risk Committee • 20 September 2021* • 20 April 2022

Social and Ethics Committee • 13 July 2021 • 16 July 2021*

Nomination Committee • 26 August 2021

Remuneration Committee • 26 August 2021

*Special Meetings

Governance Issues

The following noteworthy governance events took place during the course of the year: • Mr. Arun Chadha resigned from the Board due to time constraints. SEIFSA wishes him well and thanks him for his service to the Federation and his invaluable input in the design of the SEIFSA’s new Advocacy and Lobbying

Strategy. • During July 2021, Dr. Kaizer Nyatsumba resigned from the Federation. • On 2 August 2021 the SEIFSA Board unanimously resolved to appoint Mr. Lucio Trentini as Chief Executive Officer. • During November 2021 the Board held a twoday strategy session in which it formulated

SEIFSA’s new Lobbying and Advocacy Strategy.

Louwressè Specht Company Secretary