Welcome SAMED Members Agenda 1. Notice convening the meeting 2. - PowerPoint PPT Presentation

SAMED 27 th AGM – 29 May 2014 Welcome SAMED Members

Agenda 1. Notice convening the meeting 2. Record apologies of absence 3. Elect six representatives from amongst ordinary members to the Board of Directors 4. Confirm the Minutes of the previous AGM held on 30 May 2013 5. Confirm the Minutes of the Special General Meeting held on 13 Feb 2014 6. Receive the Chairman’s report on behalf of the Board of Directors covering the activities of the Association during the past year 7. Receive and consider the report of the Board of Directors of the Association regarding the revenue account, for the period 1 Jan 2013 to 31 Dec 2013 8. Other

1. Notice convening the meeting 2. Record apologies of absence Name Surname Company Mark Banfield Mark Banfield & Associates Reiner Gabler Gabler Medical Carrie Minnaar Strauss C-Therm Africa Stephen Klopper Globus Medical Jodi Myers Biomet Egmont Baumgartner DISA Vascular Bernadette Barker Kimberley-Clark Malan de Villiers Southern Medical Kevin Fisher Welch Allyn Craig Goodburn Torque Medical Greg Bryant Bayer Diabetes Care John Muller Surgical & Ophthalmic Supplies

3. Elect six representatives from amongst ordinary members to the Board of Directors • Each eligible member may vote for a maximum of SIX of the nominees. The total number of votes that each member has • been allocated shall be divided equally as to the number of candidates eligible to be elected to the Board. In the event that a member elects not to vote for • the full quota of candidates, those votes will be forfeited, and may not be allocated to the other candidates.

Vote – mark with an x - a maximum of 6 nominees Name Company Designation 1 Albert Denoon Baroque Medical (Pty) Ltd Chief Executive Officer 2 2 Anthony Lowther Stryker South Africa (Pty) Ltd Country Manager 2 3 Anton Coetzee Respitek (Pty) Ltd Managing Director 2 4 Madeleine Pearce Philips SA (Pty) Ltd Senior Quality & Regulatory 2 Systems Manager 5 Mersha Mahomet 3M South Africa (Pty) Ltd Country General Manager – 2 Central & West Africa 6 Mike Howe-Ely Medtronic Africa Regional Director, South Africa 2 and sub-Saharan Africa 7 Mike Woods Smith & Nephew (Pty) Ltd Senior Director: Ortho Trauma & 2 ASD State Sector, Africa Region 8 Peter Mehlape Becton, Dickinson & General Manager 2 Company (Pty) Ltd 9 Rob Millar B Braun Medical Divisional Manager 2 10 Ruwaida Shaikh Boston Scientific South Africa Country Director 2 11 William Stranix Medtronic Africa Director: Cardiac and Vascular 2 Group South Africa and Sub Saharan Africa

4. Confirm the Minutes of the previous AGM held on 30 May 2013 5. Confirm the Minutes of the Special General Meeting held on 13 February 2014 6. Receive the Chairman’s report on behalf of the Board of Directors covering the activities of the Association during the past year

7. Treasurer’s Report 2014 Financial Statements as at December 2013

Income Statement R’000 2012 2013 %variance 2014 % Actual Actual Budget variance Subscriptions 2873 3453 20% 3680 7% Interest 89 128 44% 120 -8% Other Income 131 128 -2% 105 -18% TOTAL 3093 3709 20% 3905 5% INCOME TOTAL 2719 3524 30% 3599 2% EXPENDITURE NETT 375 185 -51% 306 65% INCOME/LOSS

Comments – Income Statement • 2013 Budget loss R484k – Actual profit R185K – KPMG Report R395k not budgeted • Reason for ‘turnaround’ mainly due to under - spend on personnel

Balance Sheet R’000 2012 2013 Variance Cash & Cash 1325 1945 47% equivalents Retained Income 1208 1383 14%

NFP vs Constituted Body • Changed to a Constituted Body – easier administration • Still to be audited as opposed to ‘reviewed’ – good governance • Risk analysis shows no impending risks

QUESTIONS ?

Adoption of Financials & Appointment of Auditors • Adoption of Financials – proposer/seconder • Appointment of Auditors • Change of Auditors – from Howarth Leveton Boner to KCE Consulting – slight reduction in costs and convenience

8. Other