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BUSINESS MODEL
AND STRATEGIC
OBJECTIVES
LEADERSHIP
GOVERNANCE
OPERATING
PERFORMANCE
SHAREHOLDERS’
INFORMATION AND
ADMINISTRATION
FINANCIAL
PERFORMANCE
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
259
NOTICE OF ANNUAL GENERAL MEETING
CONTINUED
SPECIAL RESOLUTIONS
In terms of sections 62(3)(c) and 65(9)of the Act, the minimum percentage of voting rights required for each of the
following special resolutions to be passed is 75% of the voting rights exercised.
1.
Special resolution number 1: Non-executive directors’ remuneration
Resolved that in terms of section 66(9) of the Act, the following remuneration shall be payable to the
non-executive directors for their services as directors for the period 1 June 2014 to 31 May 2015:
Services as directors
Current fee
per meeting
Proposed
fee per
meeting*
Proposed
capped fee
per annum**
– Chairman of the Board
–
R893 262
– Board members
R38 584
R40 899
R204 495
Audit, Risk and Compliance Committee
– Chairman
R53 589
R56 804
R227 216
– Member
R32 154
R34 083
R136 332
Remuneration and Nomination
Committee
– Chairman
R42 871
R45 443
R181 772
– Member
R25 724
R27 267
R109 068
Investment Committee
– Chairman
R32 154
R34 083
R272 664
– Member
R19 292
R20 450
R163 600
Transformation, Social and Ethics
Committee
– Chairman
R32 154
R34 083
R136 332
– Member
R19 292
R20 450
R81 800
Ad hoc committee
– Chairman
R32 154
R34 083
R136 332
– Member
R19 292
R20 450
R81 800
* In the event that there are fewer meetings held per year than envisaged, the member shall receive the fee in respect of the
number of meetings attended.
** In the event that there are more meetings held per year than initially planned, directors’ fees will be paid only up to the cap.