Having equal representation on the Board of Trustees the members of the fund are represented by the independent trustees they’ve elected. Every three years, members are entitled to elect 50% of the full Board of Trustees from a list of industry specialists who have the knowledge, training and independence to protect members against any possible conflict of interest.
Sponsor Appointed Trustees:
A professional Principal Officer (Kobus Hanekom), supported by a Deputy Principal Officer (Erina le Grange), manages the day-to-day operations of the Sanlam Umbrella Fund’s governance and ensures compliance with regulatory requirements.
The Fund’s Annual General Meeting (AGM) is held each year.
All Joint Forum representatives (comprising participating employer and member representatives) and all Contracted Benefit Consultants are invited to this event. The trustees and the sponsor attend these sessions to talk face to face and summarise the key achievements to date as well as the plans going forward. Clients also have the opportunity to question the trustees and the sponsor on all aspects of the Sanlam Umbrella Fund.
SUF Trustee Report