After many months of planning, the big day was there with us. The Corporation’s 21st Annual General Meeting (AGM) and it goes without saying that it is the biggest event in the Corporation’s calendar given the attention it receives from planning, coordination and logistics; especially a month to the event when activities are in top gear. The 2019 AGM committee was confident that they had done their level best in planning and what remained was execution, which was undoubtedly done excellently.
Friday, 14th June 2019 was the date. Bomas of Kenya played host to the Corporation’s biggest event. Walking into the premises, you would definitely tell, it was a Kenya Re event! The venue was pleasantly branded with an assortment of Kenya Re merchandise which displayed the significance attached to this special day by the Corporation. Shareholders began streaming in as early as 5.30am and were readily received and ushered into the event by neatly-uniformed Kenya Re staff acting as ushers for the day. After confirmation and verification of details by contracted registration firm, Image Registrars, the shareholders were then issued with a gym bag and a gift voucher which they warmly appreciated.
Some of the shareholders later made their way to the auditorium where the proceedings of the AGM would take place from 11.00 a.m. In the auditorium, shareholders were treated to an irresistible dose of traditional and classic zilizopendwa music by the Silver Springs entertainment band. Shareholders couldn’t help it but take it to the dance floor to enjoy a jig. Speaking to exclusively to Re News, shareholder Florence Wayua, who has been a shareholder since the Corporation’s listing at the NSE, expressed her happiness in the way the Corporation conducted the 21st Annual General Meeting. “Kenya Re does it so beautifully different every year,” she added.
The main meeting kicked off at exactly 11.00 a.m with the Corporation Secretary, Mr. Charles Kariuki, reading the AGM notice. The Chairman, Mr. David Kemei thereafter invited Kenya Re’s Managing Director, Mr. Jadiah Mwarania to give his remarks. Mr. Mwarania expressed his gratitude to shareholders for making time to attend the AGM. He highlighted the 2018 financial results and the challenges the Corporation faced as well as the counter- strategy to these challenges.
“We will continue with the implementation of our five-year strategic plan with a view to achieving the set strategic objectives. We will exercise agility in strategy implementation taking cognizance of the expected changes in the internal and external operating environments. The current strategic plan covers years 2017 to 2021. We believe that the set strategic objectives will steer us to our desired corporate destination,” added Mr. Mwarania.
Thereafter, Kenya Re Chairman, Mr. David Kemei introduced the board of directors to the shareholders and went through the meeting reviewing each and every agenda while seeking consensus from shareholders.
The AGM came to a close with a vote of thanks from General Manager, Reinsurance Operations, Mrs. Beth Nyaga and a closing prayer from Manager - Local Business Department, Mrs. Elizabeth Omondi. After the AGM, Kenya Re Directors, management and shareholders had an opportunity to interact and exchange insights on the holistic growth of the Corporation’s performance, financial position, and the business operations.
During the AGM, an election of directors was conducted of which the results are as follows:
New directors were elected to the board and they are: