2022 AGM report

The 53rd Annual General Meeting was conducted virtually on 18 May 2022.

During the last two virtual Annual General Meetings we enjoyed active participation from our members from all over South Africa, with more members than in pre-pandemic years where we held the meeting at a physical location. This year we again received a record number of members informing us that they would attend the AGM, but were disappointed when realising that most of these members didn't join us on the day; in fact, we just managed to reach the necessary quorum of 30+ members. Our Rules state that the meeting would have to be postponed if a quorum can't be established, or in this year's case, if we had lost just one or two members during the meeting. The process of preparing and conducting an AGM is complex, takes months and a team of specialised people. Costs to conduct an AGM are ultimately paid by your contributions. We can't avoid these costs, as it is a legal requirement to conduct an AGM, but we can avoid having to incur this cost twice, due to the lack of member interest. This is your Scheme; as a member you are a shareholder with all the rights and responsibilities. We know you are still interested in your Scheme and membership and hope to see you at the 2023 AGM! Please join us in thanking those members who were present in the meeting - we appreciate your participation!

If you had problems joining the AGM that we could have solved, or if you have any other feedback on how we can improve the AGM for you to join next year, please email us at agm@angloms.co.za.

The Meeting in summary:

• The Council for Medical Schemes participated in the meeting.
• The virtual meeting tools were explained, and LUMI introduced as virtual meeting provider.
• The Principal Officer, Mrs Fiona Robertson, informed members about the changes on the Board of Trustees.
• Colleen Elliott, the Scheme's Chairman established the quorum and noted the apologies and proxies received.
• The meeting confirmed the minutes of the 2022 AGM as correct.
• The chairman reported on matters arising from the minutes of the previous meeting.
• The report of Trustees included information on the improvements of the Scheme's investments, Covid-19 vaccinations administered to AMS members and the return of members to pre-pandemic healthcare.
• The chairman reassured the members that the Scheme continues to honour the long-term funding commitment to members.
• The reasoning behind contribution increases was explained, membership demographics detailed, and the competitiveness of the Scheme and its plans were confirmed.
• Marius Jacobs, head of Finance at Discovery Health, took the meeting through the highlights of the 2021 Annual Report.
• PWC was re-appointed as the Scheme's Auditor by the members present in the meeting.
• The meeting re-elected the Disputes Committee for the ensuing year, comprising Mr Cas Badenhorst, Mr Philip Laubscher, and Ms Nonhlanhla Payne.
• The meeting was informed about the fees that Trustees receive for their service. After the performing of a benchmark exercise, the fees were adjusted for 2022 to be in line with comparator groups.
• The Principal Officer responded to matters placed before her, which will be touched on in future articles of Medibrief.

Before closing the meeting, the Chairman assured the meeting that the Scheme is monitoring and keeping abreast of developments around the imminent promulgation of the National Health Insurance Bill.

After the AGM, Dr Ryan Noach, CEO of Discovery Health, gave an insightful presentation on the economic impact of Covid-19, healthcare trends emerging post Covid-19 and a short Covid-19 update. We really appreciate that Dr Noach made time for our members in his busy schedule and can only recommend watching this presentation.

The recording of the AGM and the presentation of Dr Ryan Noach are available on the AGM page after logging in to the member area.

Published: June 2022.