Blue Label Telecoms Integrated Annual Report 2019

Blue Label integrated annual report 2019 123 ABOUT US 1 – 21 LEADERSHIP 22 – 29 PERFORMANCE 30 – 73 GOVERNANCE 74 – 120 SHAREHOLDERS’ INFORMATION AND ADMINISTRATION 121 – IBC SPECIAL RESOLUTIONS In terms of sections 62(3)(c) and 65(9) of the Act, the minimum percentage of voting rights required for each of the following special resolutions to be passed is 75% (seventy-five percent) of the voting rights exercised. 1. Special resolution number 1: Non-Executive Directors’ remuneration Resolved that in terms of section 66(9) of the Act, the following remuneration shall be payable to the Non-Executive Directors for their services as Directors for the period 1 June 2019 to 31 May 2020. The proposed fees payable to Non-Executive Directors are set out below: Current fee 2019 R Proposed fee 2020 R Services as Directors – Chairman of the Board (per annum) 1 802 000 1 910 120 – Board members (per annum) 397 500 421 350 Audit, Risk and Compliance Committee – Chairman (per annum) 360 400 382 024 – Member (per annum) 222 600 235 956 Remuneration and Nomination Committee – Chairman Remuneration (per annum) 212 000 224 720 – Chairman Nomination (per annum) 148 400 157 304 – Member (per annum) 127 200 134 832 Investment Committee – Chairman (per annum) 212 000 224 720 – Member (per annum) 127 200 134 832 Transformation, Social and Ethics Committee – Chairman (per annum) 127 200 134 832 – Member (per annum) 79 500 84 270 Ad hoc Committee – Chairman (per meeting) 47 700 50 562 – Member (per meeting) 28 620 30 337