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AGM 2023Results of the CGISA AGM 2023 Resolutions were passed and the results were as follows: Resolution 1 – Moores Johannesburg Inc, represented by Tinotenda Chiripanyanga, was appointed as the external auditor for the following year. The resolution was passed with an 98.51% majority. Resolution 2 – Two members were elected to the CGISA board for a three-year term of office:
Resolution 3 – Authority to sign all documents required for implementation of the resolutions passed at the meeting was approved. The resolution was passed with a 100% support. The honorary officers for 2023/2024 are as follows:
The President’s address The international Council of The Chartered Governance Institute was successfully held in Cape Town in October 2022, providing the Institute with an opportunity to showcase the true value of CGISA in Southern Africa and its contribution to shaping business behaviour. The international Council was followed by the first local Premier Corporate Governance Conference since COVID-19 in Johannesburg, with relevant and thought-provoking presentations to 200 local and international members and delegates. Despite the challenging economic circumstances, the Institute reported a surplus of R2.5m, made possible by the ongoing support of its Board, members, and CEO and his team. The CEO’s address Stephen Sadie presented an update on the Institute’s activities during 2022 with reference to the four pillars of the strategic plan. The Institute faced various challenges, but safely reached its desired destination. The CEO discussed how governance failures at Eskom had contributed to the current crisis. Members are encouraged to access the CEO’s presentation and read CGISA’s Integrated Report. The following questions were answered during the proceedings:
AGM 2022Results of the CGISA AGM 2022 The Institute’s AGM was held on 8 June 2022 at 17:30, conducted virtually using the Lumi platform. Resolutions were passed and the results were as follows: Resolution 1 - To re-appoint Mazars, represented by Miles Fisher, as the external auditor of the company for the following year. The resolution was passed with an 86.08% majority. Resolution 2 - Two members were elected to the CGISA board:
FCG, M. Studies in Sustainability Leadership, LLM, LLB, B Proc, BA. Cathy is founder of Earth Energy (Pty) Ltd, an ESG, climate change and water governance consultancy. Cathie serves on the Institute’s technical committee, has written articles on and presented webinars on climate change for the Institute. She was elected with 91.30% majority.
ACG, B Com, H Dip in Labour Law, Certificate in Advanced Company Law I and II. Adrienne is the assistant company secretary at Capital Propfund (Pty) Ltd, a subsidiary of Fortress REIT Limited. She has also been an examiner for the Institute since 2016. She was elected with a 57.97% majority. Resolution 3 - To authorise signature of all documents required for implementation of the resolutions approved at the meeting. The resolution was passed with a 100% support of the meeting. The honorary officers for 2022/23 are as follows:
The president’s address The president welcomed members to the Institute’s AGM, being held virtually for the third time. She thanked Lumi for their outstanding service and for hosting this virtual meeting, allowing maximum participation by members across Southern Africa. She noted that ESG was emerging as a significant issue to companies, and members were encouraged to familiarise themselves with the changes, knowing that the Institute would assist through publications, ongoing training sessions and webinars presented by industry experts. She added that significant developments on the ESG front included the publication of prototype standards by the International Sustainability Standards Board (ISSB), covering the general requirements for sustainability disclosures and climate-specific risks and opportunities, with a global baseline of sustainability standards anticipated by the end of 2022, and IFRS standard settings to follow. The JSE has published its Sustainability Disclosure Guidance, and the Securities and Exchange Commission (USA) has announced the first fine for an alleged ESG disclosure failure. She thanked the CEO, Stephen Sadie and his team, who have navigated challenging times successfully, with the support of the board.
The CEO’s address
Stephen Sadie presented an update on the Institute’s activities of 2021. He used the analogy of a house being hit by a storm in 2020 which caused considerable damage to the roof tiles and windows. Through the course of his presentation, he showed how the roof was repaired and the renovations undertaken on the house to make a major recovery in 2021. He indicated that the house had strong foundations which were built over the past 110 years. The year ended with a R4.2 million surplus indicating a major recovery from 2021. Sadie used the integrated reporting framework of the 5 capitals as the structure of the presentation. Under each capital, he illustrated the major gains and challenges of 2021. Please see the CEO's address click here Thank you to all the members who participated in the AGM. AGM 2021Results of the CGISA AGM 2021 The Institute’s AGM was held on 9 June 2021. This was the Institute’s second virtual AGM, which was conducted by Lumi. Resolutions were passed and the results were as follows: Resolution 1 - To re-appoint Mazars, represented by Miles Fisher, as the external auditor of the company. The resolution was passed with a 97.56% majority. Resolution 2 - Four members were elected to the CGISA board:
Resolution 3 - To allow any director of the Company, the CEO or the Company Secretary to sign all such documents and do all such things as may be necessary for or incidental to the implementation of the ordinary resolutions to be proposed and approved at this annual general meeting. The resolution was passed with a 100% majority. The president’s address Welcome to all members and members of the board. This is our second AGM held by way of an electronic platform due to Covid. We recognise the loss of friends and family due to the pandemic, which has presented a challenging year for everyone – on a global basis. CGISA has not been immune to the impact of Covid and I would like to give thanks to Stephen Sadie, Jenny Maybery, Sandy Van Niekerk, Sabrina Paxton and all the wonderful staff who have dedicated – and continue to dedicate - considerable effort to ensuring that CGISA rises above these challenges. This was also the year that our much beloved Baldwin Masethla retired after more than 50 years of service and we wish him the very best going forward. We also thank our long standing board members Sikkie Kajee, Robert Likhang, Chris Wilson and Karyn Southgate, who will be retiring after this meeting, having served on the board for the past nine years. We welcome our new members, staff and board members to our family and look forward to a prosperous year ahead. Please see the CEO's address click here The honorary officers for 2021/22 are as follows: - Lynelle Bagwandeen as President Thank you to all the members who participated in the AGM. AGM 2020Results of the CGISA AGM 2020 The Institute’s AGM was held on 10 June 2020. This was the Institute’s first virtual AGM, which was conducted by Lumi. The honorary officers for 2020/21 are as follows: - Sonia Giuricich as Vice President Resolutions were passed and the results were as follows:
Please see the President's address click here Please see the CEO's address click here Thank you to all the members who participated in the AGM. AGM 2019Results of the CGISA AGM 2019 The honorary officers for 2019/20 are as follows: - Lynelle Bagwandeen as Vice President Resolutions were passed and the results were as follows: Resolution 1 - To re-appoint Mazars, represented by Naomi Swartz, as the external auditor of the Company Resolution was passed unanimously. Resolution 2 - Three individuals were re-elected/elected to the CGISA board. Re-elected: Karen Southgate, Business Owner and Director, Tidysum Accounting Solutions Resolution 3 - Authority to be granted to any director of the company, the CEO or the company secretary to sign all such documents and do all such things as may be necessary for or incidental to the implementation of the ordinary resolutions Resolution was passed unanimously.
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