AGM feedback

The Scheme conducted its 52nd Annual General Meeting on 19 May 2021. We would like to thank the members who attended the second virtual meeting. We were delighted to again engage with you during these unusual times.

Here are some of the highlights:

• 56 members of the Scheme joined us in the virtual AGM.
• Our members engaged using the technology provided and confirmed the minutes of the 2020 AGM as correct.
• The Chairman provided an overview of extraordinary circumstances we found ourselves in 2020, and its unforeseen impact on the Scheme financials.
• Marius Jacobs, Head of InHouse Finance at Discovery Health, presented the annual results which were better than expected, despite the very negative impact Covid-19 had on the investment markets.
• Members approved the report of the Auditors, PWC, the Report of the Board of Trustees and the Annual Financial Statements. PWC was reappointed as the Scheme's Auditor for 2021.
• Members elected the Disputes Committee, re-electing Mr. Philip Laubscher, Mr. Cas Badenhorst and Ms Nonhlanhla Payne for the 2021/22 period.
• The Principal Officer (PO) stated that there were no changes to the Board of Trustees since the last AGM and the Chairman reported on the Trustee Fees.
• There were no formal notices or motions placed before the PO and no questions raised at the meeting.
• All in all, we thank you for a very successful AGM and sincerely hope that 2022 will see us holding a hybrid virtual/physical meeting with our local members physically participating.

After the AGM, Stephen Johnston, Head of Discovery InHouse, gave the audience an overview of the national vaccine rollout process and answered member questions.
Members were appreciative, thanking the Board of Trustees, the Scheme management and Discovery for an informative session and a well-run Scheme.
The recording of the AGM and the presentation by Stephen Johnston are available on the website. Log in as a member, then go to My Scheme > Annual General Meeting.

Published: June 2021.