Call for the nomination of candidates for election as non-executive directors to the SAMRO Board of Directors (the Board)
An invitation is hereby extended for the nomination of candidates for consideration as non-executive directors of the Board. In terms of SAMRO’s MOI one third of the directors are required to resign by rotation at the next Annual General Meeting (AGM). A Director retiring by rotation at the AGM shall act as a Director throughout the AGM at which he retires and shall be eligible for re-election.
Candidates for a Board appointment must be Full Members of SAMRO and may only be nominated by an elected member. Nominations will be considered by the Nominations and Governance Committee the names of candidates will be included in the Notice of Annual General Meeting circulated in accordance with the requirements of SAMRO’s MOI.
Candidates for the Board positions are required to have the level of knowledge suitable for the role as well as the skill and experience to serve on the Board. The vacancies that will arise at the AGM will consist of two composer and two publisher vacancy. Successful candidates are therefore required to have skills in either of these two fields.
Section 76 of the Companies Act, 2008 requires a director to act in good faith and for a proper purpose in the best interests of the company. A director should furthermore act with the degree of care, skill and diligence that may reasonably be expected of a person carrying out such functions.
Directors are required to disclose any personal financial interests. They may not use their position as director or information gained as a director to make a secret profit or gain advantage for themselves or someone else or to cause harm or detriment to the company.
Nominations for positions on the Board should be made on the prescribed nomination form, which can be downloaded from SAMRO’s website www.samro.org.za or alternatively contact the Group Company Secretary at email@example.com for an email version.
Nominations for the Board appointments close at 16:00 on 5 October 2016. No late nominations will be accepted.
For any queries relating to the AGM please contact our Customer Services Department on 086 117 2676 or email: firstname.lastname@example.org and one of our consultants will be able to assist you.
To download the 2016 Director Nomination Form please click here
To download the Ammended Memorandum of Understanding, please click here
To download the Ammended SAMRO Performing Rights Royalty Distribution Rules please click here
Criteria to consider for Board Nominations