Former ICT Permanent Secretary Dr. Bitange Ndemo has been re-elected to the influential Safaricom Board Audit Committee.
The company’s AGM resolutions show that Dr. Ndemo together with Broadcasting and Telecommunications Principal Secretary Esther Koimett, Rose Ogega and Mohamed Joosub were backed for reassignment by majority of shareholders.
Ms Ogega was also re-elected as a director of the company
During the virtual AGM, shareholders also resolved by a majority vote to appoint Messrs Ernst & Young,as the company’s Auditors.
‘It was further resolved by a majority vote, that the directors be and are hereby authorized to fix the auditors’ remuneration for the ensuing financial year,” read the resolutions.
The shareholders also resolved to amend its articles of association to allow for the company to call for general meetings electronically.
“In the case of any general meeting, the board may make arrangements for simultaneous attendance and participation by electronic means allowing persons not present together at the same place to attend, speak and vote at the meeting,” read the amendment.
“The arrangements for simultaneous attendance and participation at any place at which persons are participating, using electronic means may include arrangements for controlling or regulating the level of attendance at any particular venue provided that such arrangements shall operate so that all members and proxies wishing to attend the meeting are able to attend at one or other of the venues, including venues chosen by such persons individually,” further read the amendment.
Further, the members or proxies at the place or places at which persons are participating via electronic means shall be counted in the quorum for, and be entitled to vote at, the general meeting in question, and that meeting shall be duly constituted and its proceedings valid if the chairman of the meeting is satisfied that adequate facilities are available throughout the meeting to ensure that the members or proxies attending at the place or places at which persons are participating via electronic means are able to.
The shareholders also approved a final dividend of Ksh1.40 per share for the financial year ended March 31, 2020, to be paid on or before August 31, 2020.