Regulatory Alerts2017-06-02
Added · Updated
PI-MAF-DIR-02-2017 – Voting by Proxy at AGM of Funds
Registered medical aid funds must establish clear proxy voting procedures in their rules and desist from distributing unallocated proxies to any person, including board members or principal officers. Funds are required to provide members with an option on the proxy instrument to direct how their voting rights are exercised by their chosen proxy. Additionally, service providers are prohibited from representing members as proxies at Annual General Meetings or participating in proceedings where they have a direct or indirect interest. These requirements became effective on 2 June 2017.
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