WPCA call for nominations for two non-independent directors
The second term of office of Omar Sonday and Fezile Mguqulwa as non-independent directors comes to an end at the 2021 Annual General Meeting. Therefore, as per clause 26.7 of the WPCA Constitution, the WPCA hereby calls for nominations for TWO (2) Non-Independent Director Positions.
Written nominations for the elections of the Non-Independent Directors in the prescribed form shall be submitted by the Affiliate Members to the WPCA not less than 30 (thirty) calendar days prior to the holding of the Annual General Meeting and/or Members’ Council Meetings. Such nominations must contain written acceptances of the nominated candidates.
The WPCA Constitution requires all submitted nominations to include written acceptances from all nominees. The last day for Members to submit nominations is Thursday, 9 September 2021.
For the avoidance of doubt, as per clause 1.2.34 of the WPCA Constitution, a “Non-Independent Director” means an Affiliate Member chairperson or the equivalent, who is nominated by the Affiliate Member for election at an Annual General Meeting or Members’ Council Meeting for appointment to the Board as a non-executive Director;
MANDATES & RECORD DATES:
- In terms of the WPCA Constitution only Affiliate Members are entitled to vote.
- Please ensure that the required mandate is obtained from your respective constituencies prior to submitting the nominations.
- In terms of sections 59(1) (a) and (b) of the Companies Act, the Board of the Company has set the record date for the purpose of determining which Affiliate Members are entitled to:
3.1. receive notice of the AGM (being the date on which an Affiliate Member must be registered in the Company’s members’ register in order to receive notice of the AGM); and
3.2. participate in and vote at the AGM (being the date on which an Affiliate Member must be registered in the Company’s Members’ Register in order to participate in and vote at the AGM).
- The WPCA AGM date will be communicated in due course.