Notice is hereby given that the Thirty Fifth Annual General meeting of the Medical Aid Society of Malawi (MASM) will be held on December 11th2019 at 14:00 hours at Ryalls Hotel in Blantyre to transact the following business.

AGENDA

1. To approve minutes of the Thirty Fourth Annual General meeting held on July 5th 2018.
2. To receive and adopt the Chairman’s report for the 18 months period ended June 30th, 2019.
3. To receive and adopt the Annual Financial Statements and report of the Auditors for the period ended June 30th 2019.
4. Election of office bearers.
   1. To elect a Director to represent the interests of Member Firms. Mr. K. Mmangisa retires by rotation and has offered himself for re-election.
   2. To elect a Director to represent the interests of individual members. Mr. T. Madovi retires by rotation and has not offered himself for re-election.
   3. In accordance with the Constitution, nomination papers for the above positions should be delivered to the secretariat at least 7 clear days before the holding of the AGM. The papers need to be signed as follows:-
      1. in the case of a representative of member firms, by not less than three member firms; and
      2. in the case of an individual member, by not less than ten individual members.
5. To review Directors fees for the ensuing year.
   1. Directors Fees
      
      Chairman
      K2,400,000 per annum (from K1,971,000) payable quarterly in arrears.
      
      Deputy Chairman
      K2,200,000 per annum (from K1,790,000) payable quarterly in arrears.  
      
      Directors
      K1,900,000 per annum (from K1,576,750) payable quarterly in arrears.
      
      
   2. Sitting Allowance
      
      Chairman
      K135,000 per sitting from K90,000
      
      Directors
      K102,000 per sitting from K67,500
      
      
6. To appoint Auditors for the year ending 30th June 2020 and authorize the directors to determine the auditor's remuneration.
7. To transact such other business as may properly be brought before the meeting.
   
   

By Order of the Board,

U. Katunga PhD, FCCA  
SECRETARY

Please Note

The 35th AGM pack will be available at the Annual General Meeting or requested via one of the following channels:

Blantyre Offices : Telephone Numbers- 01 820 298/01 820 543.
Lilongwe Offices : Telephone Numbers- 01 770 678/ 0999 859 706
Mzuzu Offices : Telephone Number – 0999 957 523/01 311 376
E-mail : management@masmw.com
Website : www.masmw.com