Notice is hereby given that the Thirty Eighth Annual General meeting of the Medical Aid Society of Malawi (MASM) will be held on Friday, December 23rd2022 at 14:00 hours at Sunbird Mount Soche Hotel in Blantyre to transact the following business.

AGENDA

1. To approve minutes of the Thirty Seventh Annual General meeting held on December 29th 2021.
2. To receive and adopt the Chairman’s report for the year ended June 30th, 2022.
3. To receive and adopt the Annual Financial Statements and report of the Auditors for the year ended June 30th 2022.
4. Election of office bearers.
   
   To elect a director to represent the interests of Individual Members. Ms. C. Gunda retires by rotation and being eligible has offered herself for re-election.
   
   In accordance with the Constitution, nomination papers for the above position 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. Directors’ fees for the ensuing year.
   
   Directors Fees
   
   Chairman
   K5,250,000 per annum (from K3,500,000) payable quarterly in arrears.
   
   Deputy Chairman
   

   4,800,000 per annum (from K3,200,000) payable quarterly in arrears.

   Directors

   K4,200,000 per annum (from K2,800,000) payable quarterly in arrears.

   Sitting Allowance

   Chairman

   K300,000 per sitting from K200,000

   Directors

   K250,000 per sitting from K160,000

6. To appoint Auditors for the year ending 30th June 2023 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 38th 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/ 0880 715 010

Mzuzu Offices - Telephone Number – 0999 859 706/01 311 376

E-mail - management@masm.mw

Website - www.masm.mw

A member entitled to attend and vote at the meeting is entitled to complete proxy forms. The proxy form needs to be deposited at the Secretariat not less than forty-eight hours before the time for holding the meeting and in default the instrument of proxy shall not be treated as valid.