AGM Information

Full Notice of AGM

Business

The following resolutions will be considered, and if thought fit, passed, as ordinary resolutions:

1. Apologies.  

“That the apologies be accepted”.

 

2. To confirm the Minutes of the 2016 Annual General Meeting.  

“That the Minutes of the thirty-seventh (37th) Annual General Meeting held on 25 October 2016, be confirmed as a true and accurate record”.  

Background note:  Draft minutes will be available for review by members at the meeting.

 

3. To receive and consider the annual financial statements and Auditor’s report for the year ended 30 June 2017.  

“That the Annual Financial Statements as tabled be received, and the Auditor’s Report be adopted”.  

Background note:  The Annual Report for UniMed for the year ended 30 June 2017 will be available for review by members at the meeting.

 

4. To appoint an auditor for the ensuing year.  

“That Goldsmith Fox PKF Audit, be appointed as Auditor for the 2017 / 2018 financial year”.  

Background note:  Goldsmith Fox PKF Audit is the current auditor for UniMed.

 

5. To record the election of a Board member.  

“To record the election of a new Board member as determined by member votes”.   

Background note:  One Board position is available at the AGM.  In accordance with the Society’s Rules, Angus Craig McConnell retires by rotation and being eligible, has offered himself for re-election to the Board.  Anthony Joseph McCabe has also been validly nominated for the available position.  Profiles for each candidate can be viewed at the end of this Notice.  Voting will be by voting paper completed at the meeting by the member or their proxy.  More details about voting and proxies are included below.

 

6. To fix the remuneration for the Board.  

“That the elected Board members receive remuneration for the current financial year of the global sum recommended to the meeting by the Board available for distribution amongst the elected Board members of the Board effective from 1 July 2017 in such sums as it may from time to time be determined by the Board”.  

Background note:  The Board considers board remuneration prior to the annual general meeting, having regard to current remuneration and market rates, and the financial position of UniMed, amongst other things.  The Board reports to members on its recommendation as to Board remuneration for elected directors at the annual general meeting.  Remuneration for co-opted Board members is set by the Board.

 

The following resolution will be considered, and if thought fit, passed, as special resolution (requiring a majority of two thirds at the meeting (in person or by proxy):

7. To consider and (if thought fit) to pass, with or without modification, amendments to the Rules of the Society.  

“That the present Rules of the Society be revoked and replaced with the Rules notified for this purpose at www.unimed.co.nz”.  

Background note:  The Board has prepared amendments to the Rules to achieve the following:

 • To provide that the $2 member share issued to each new member will be paid from reserves and cancelled on the member ceasing to be a member, rather than the member being required to pay $2 upon becoming a member and being entitled to a refund of $2 upon ceasing to be a member;

 • To replace existing member shares with shares having the same rights as above, ie a nominal value of $2 paid from reserves and cancelled on the member ceasing to be a member;

 • To ratify the waiver of the requirement to pay $2 for new member shares that the Board had put in place from 1 December 2016;

 • To ratify that members who joined prior to 1 December 2016 receive a refund of the $2 for their member share (by way of a rebate to policy premium increases on their policy anniversary);

 • To clarify that the member register may be combined with other records of UniMed.

Background note:  The amendments to the Rules are necessary because without them, UniMed member shares are covered by the disclosure and governance obligations under the Financial Markets Conduct Act 2013.  The very high cost of compliance with those obligations for a $2 share is considered by the Board not to be in the interests of members.  Member voting rights are unchanged by the amendments to the Rules.  The main effect on members is that they do not pay $2 for their member share and therefore are not entitled to a $2 refund of this amount on ceasing to be a UniMed member.

 A copy of the proposed new Rules can be viewed here: UniMed Rules

 Voting/Proxy

Any member entitled to attend and vote at the meeting may vote either by being present in person or by proxy. A proxy must be appointed by a signed, written notice. A proxy form is available from the Society or on the Society’s website:  UniMed Proxy form. To be effective the proxy form must be deposited at the Society’s office (165 Gloucester Street, Christchurch) by 6pm on 25 October 2017.


Board
candidate profiles

Anthony Joseph McCabe

Angus Craig McConnell

 

By order of the Board

E Richardson
Administration Secretary
PO Box 1721
Christchurch 8140

30 September 2017

Health Positive   Major Surgical   Hospital Select   Unicare Plus

 

 

 

 

Total value of claims paid since 1 July 2005 is

$327,639,483