Discovery Limited · JSE:DSY
Discovery — Discovery Health Medical Scheme — Shareholder Meeting (June 2018)
85 slides from Discovery's shareholder meeting presentation, Jun 21, 2018
Slide 1: Welcome to the Discovery Health Medical Scheme Annual General Meeting
FOR OUR MEMBERS Welcome to the Discovery Health Medical Scheme Annual General Meeting 21 June 2018
Slide 2: Agenda
Agenda 1. Welcome and quorum 2. Minutes of the 2017 Annual General Meeting - for approval 3. Tabling of the 2017 Integrated Report 3.1 Presentation by the Principal Officer of Discovery Health Medical Scheme 3.2 Presentation by the CEO of Discovery Health 4. Governance 4.1 Discovery Health Medical S
Slide 3: Principal Officer presentation
FOR OUR MEMBERS Discovery Health Medical Scheme | Annual General Meeting Dr Nozipho Sangweni, Principal Officer 21 June 2018
Slide 4: Our purpose and vision
Our purpose is to care for our members’ health and wellness by engaging the brightest minds and innovative solutions to provide access to affordable, equitable and quality, value-based healthcare that meets their needs now and sustainably into the future Our vision is to be the best medical scheme i
Slide 5: How do we deliver on our purpose and vision?
How do we deliver on our purpose and vision? Superior Stakeholder relations quality of care Lowest healthcare and excellent for members costs governance Focussing on Member-centric Sustainability prevention servicing and financial performance 5
Slide 6: How do we deliver on our purpose and vision?
How do we deliver on our purpose and vision? Superior Stakeholder relations quality of care Lowest healthcare and excellent for members costs governance Focussing on Member-centric Sustainability prevention servicing and financial performance 6
Slide 7: Safely guiding our members through their healthcare journey
Safely guiding our members through their healthcare journey Member campaigns Disease Management Programmes Value Based Contracts DiabetesCare CadCare KidneyCare Surgicom 7
Slide 8: Caring for members with complex and emergency healthcare needs
Caring for members with complex and emergency healthcare needs 10 highest individual member claims paid in 2017 = R 48 million R 6.8m Age 58, Long term use of a ventilator (cardiovascular related) 205 years R 6.0m Age 46, Long term use of a ventilator (gastrointestinal related) worth of contribution
Slide 9: Ensuring our members have comprehensive levels of cover
Ensuring our members have comprehensive levels of cover 97% overall In-hospital claims pay-out ratio (including medical specialists) - 2017 Executive Classic Essential Coastal Smart KeyCare 1% 2% 6% 7% 4% 4% 99% 98% 94% 93% 96% 96% Claims payout ratio Uncovered claims Notes: High in-hospital claims
Slide 10: How do we deliver on our purpose and vision?
How do we deliver on our purpose and vision? Superior Stakeholder relations quality of care Lowest healthcare and excellent for members costs governance Focussing on Member-centric Sustainability prevention servicing and financial performance 10
Slide 11: Encouraging and paying for screening and prevention
Proactively caring for our members by encouraging and paying for screening and prevention Number of members performing screening tests Health check results (2017) (2017) 349,942 Blood Blood glucose pressure ………………... ………………... 97.3% 88.8% in-range in-range 188,704 123,424 Cholesterol BMI 93,790 …………
Slide 12: How do we deliver on our purpose and vision?
How do we deliver on our purpose and vision? Superior Stakeholder relations quality of care Lowest and excellent for members healthcare costs governance Focussing on Member-centric Sustainability prevention servicing and financial performance 12
Slide 13: Lowest possible contribution increases
Keeping healthcare affordable for our members through lowest possible contribution increases DHMS headline contribution increase vs competitors (2018) 10.9% 10.1% 9.5% Top 8 scheme average: 8.8% 8.6% 8.7% 8.3% 8.4% 7.9% 7.6% Scheme A DHMS Scheme B Scheme C Scheme D Scheme E Scheme F Scheme G Scheme
Slide 14: Contributions are competitively priced across all segments
14 Contributions are competitively priced across all segments, usually with superior benefits Continuous improvement in contribution differential Average contribution differential P+A+C in 2018 20.9% 16.4% 14.6% 15.1% 13.1% 17.1% 16.4% 2.9% 12.0% DHMS next 8 DHMS next 8 DHMS next 8 DHMS next 8 DHMS
Slide 15: 86.0% of contributions fund members' healthcare claims
86.0% of contributions are used to fund members’ healthcare claims DHMS expense breakdown (2017) DHMS claims expenditure 86.0% 100.0% 7.6% 2.6% 2.5% 1.4% Gross Contributions Claims Administration fees Managed care fees Financial adviser and Surplus to member Scheme expenses reserves 15 Source: DHMS
Slide 16: Contributions fund R51 billion of healthcare claims
Contributions are used to fund R51 billion of healthcare claims Other – R1.2 bn 2.3% Medicine – R8.3 bn 16.3% 659,163 beneficiaries registered for chronic 37.2% medication R51 bn Hospitals – R18.9 bn 2017 718,755 hospital admissions DHMS claims expenditure Professionals – R22.4 bn 44.1% 6.7 million
Slide 17: We protect our members' funds from inappropriate use
We protect our members’ funds from inappropriate use Significant fraud savings Halo effect of R3.7 billion saving 1 Fraud savings and recoveries in 2017 (Rm) 472 0.95 323 333 0.9 195 0.85 0.8 0.75 Dec-15 Dec-16 Dec-17 May-18 YTD T0 T1 T2 T3 T4 T5 T6 T7 T8 T9 T10 Members benefit through a 0.75% lower
Slide 18: Reducing administration expenditure among the lowest in the industry
Members benefit through continuously reducing administration expenditure that is among the lowest in the industry Administration expenditure as % of gross Administration expenditure as % of gross contribution income (2011 – 2017) contribution income (2016) DHMS All other open schemes 9.4% Ranked 5th
Slide 19: How do we deliver on our purpose and vision?
How do we deliver on our purpose and vision? Superior Stakeholder relations quality of care Lowest healthcare and excellent for members costs governance Focussing on Member-centric Sustainability prevention servicing and financial performance 20
Slide 20: Lower complaints improving member satisfaction
Our efforts are realised through lower levels of complaints improving member satisfaction Lower levels of CMS complaints Consistently high member satisfaction CMS complaints per 1,000 beneficiaries 0.6 Member 9.14 0.55 Perception out of 0.5 Less than 800 Score 10 complaints out of 53.6 million 0.4 0
Slide 21: How do we deliver on our purpose and vision?
How do we deliver on our purpose and vision? Stakeholder Superior relations and quality of care Lowest healthcare excellent for members costs governance Focussing on Member-centric Sustainability prevention servicing and financial performance 22
Slide 22: Strong, independent governance structures
We protect our members’ funds through strong, independent governance structures accountable to DHMS Board Committees members services belong to elects Audit Clinical Governance Disputes BOARD OF TRUSTEES governs Investment BOARD COMMITTEES Nomination Non-healthcare Expenses mandates repo
Slide 23: Our role in ensuring a seamless member experience
Our role in ensuring members receive a seamless experience Members Providers Pharmacy Radiology Pathology Facilities Financial Advisers 24
Slide 24: Best-practice outsourcing model with Discovery Health
We apply a best-practice outsourcing model to govern our relationship with Discovery Health THE FIVE CORE PRINCIPLES OF THE VESTED OUTSOURCING MODEL A system of continuous value creation The outsourced model The contracts focus on There is agreement on The pricing model The governance relationship i
Slide 25: Members receive increasing value from Discovery Health
Our members receive increasing value from Discovery Health Value generated for DHMS members R 2.00 For every R1 spent on managed care and R 1.85 administration fees, members of DHMS derived R 1.73 R2 in value Reviewed by Deloitte 2014 2015 2016 27 Source: DHMS data
Slide 26: How do we deliver on our purpose and vision?
How do we deliver on our purpose and vision? Superior Stakeholder relations quality of care Lowest healthcare and excellent for members costs governance Focussing on Member-centric Sustainability prevention servicing and financial performance 28
Slide 27: 2017 DHMS financial highlights: members' funds are secure
2017 DHMS financial highlights: members’ funds are secure 2016 2017 Measure % change pampm1 (R million) (R million) Gross Contribution Income 54,056 59,711 8.4% Less savings contribution income (10,430) (11,009) 3.6% Net contribution income 43,626 48,702 9.5% Relevant healthcare expenditure2 (38,036
Slide 28: Growth and sustainability
How we know if we are delivering on our purpose and vision? We measure key metrics for a sustainable medical scheme: Membership size Absolute reserves Growth and sustainability Membership growth Financial strength Pricing sufficiency Plan movements Prudent investments Contribution increases 30
Slide 29: Growth and sustainability: key metrics
We measure key metrics of a sustainable medical scheme Membership size Greater risk pooling means more predictable claims experience and accuracy in pricing, leading to stable performance. Growth and sustainability Membership growth Continuous growth of young and healthy beneficiaries improves risk
Slide 30: DHMS continues to grow and attract new members
DHMS continues to grow and attract new members DHMS beneficiaries covered Dec 2016 Dec 2017 2.74m 2.78m 3,000,000 beneficiaries beneficiaries 2,800,000 2,600,000 2.1% Net growth in 2,400,000 principal members from 2016 to 2017 2,200,000 2,000,000 > 42 000 1,800,000 Beneficiaries added in 2017 1,600,
Slide 31: Members are choosing DHMS as their preferred partner
Members are choosing DHMS as their preferred healthcare partner Net growth in beneficiaries (2017) Open schemes market share (2017 Q3) 42,755 27,581 55.8% 8,850 Market Share 4,563 -1,130 -3,599 -24,571 DHMS Scheme A Scheme B Scheme C Scheme D Scheme E Scheme F DHMS Other Notes: Comparison amongst th
Slide 32: New members are younger, improving risk profile
New members are younger which positively impacts the Scheme’s risk profile DHMS ages less than a year annually New beneficiaries present a healthy demographic profile 1.5 years aging over a 5-year period 34.5 27.2 34.5 33.0 2012 2013 2014 2015 2016 2017 Average age of existing lives Average age of n
Slide 33: Consistent stability in plan movements
Consistent stability in plan movements More upgrades in 2017 than in 2016 Fewer downgrades in 2017 than in 2016 3.2% 3.2% 3.0% 2.9% 2.5% 2.3% Upgrades Downgrades 2015 2016 2017 2015 2016 2017 35 Source: DHMS data
Slide 34: Financial strength
We measure key metrics of a sustainable medical scheme Absolute reserves Demonstrates ability to meet large, unexpected claims variation. Financial strength Pricing sufficiency Surplus year-on-year reflects contribution levels that are in line with expected membership and claims. Prudent investments
Slide 35: DHMS has significant reserves to fund members' claims
DHMS has significant reserves to fund members’ claims Reserves1 (R billions) and Investment returns Industry ceiling credit rating solvency level 27.4% 10% p.a. R16.4 R14.2 AA+ AAA R12.9 GCR GCR R11.6 ROI rating rating R9.8 New industry ceiling R8.2 DHMS reserves higher than combined reserves for ne
Slide 36: Consistently positive net healthcare results
DHMS has consistently generated positive net healthcare results, in contrast to many other open schemes DHMS net healthcare result vs competitors (R millions) R 1,200 2015 2016 2017 R 1,000 R 800 R 600 R 400 R 200 R0 -R 200 -R 400 -R 600 DHMS Scheme A Scheme B Scheme C Scheme D Scheme E Scheme F Sou
Slide 37: Growth and sustainability summary
How we know if we are delivering on our purpose and vision? Membership size Absolute reserves 2.8m 55.8% beneficiaries market share R16.4bn 27.4% Growth and sustainability Reserves Solvency Membership growth For every R1 Financial strength Value for money spent on managed care 34.5 42,000 Pricing su
Slide 38: Annual General Meeting
FOR OUR MEMBERS Discovery Health Medical Scheme: Annual General Meeting Dr Nozipho Sangweni, Principal Officer 21 June 2018
Slide 39: Agenda
Agenda 1. Welcome and quorum 2. Minutes of the 2017 Annual General Meeting - for approval 3. Tabling of the 2017 Integrated Report 3.1 Presentation by the Principal Officer of Discovery Health Medical Scheme 3.2 Presentation by the CEO of Discovery Health 4. Governance 4.1 Discovery Health Medical S
Slide 40: DHMS AGM
DHMS AGM Dr Jonathan Broomberg, CEO of Discovery Health 21 June 2018
Slide 41: Agenda
Agenda 01 Review of 2017 performance 02 Key trends impacting DH and DHMS in 2018 and beyond 03 2018 Strategic objectives 43
Slide 42: DHMS Performance
DHMS Performance Growth Stability Security 56% 2.8 million lives 94% No movement 27.44% Market Share Solvency 42k 3% Upgrade R16.4bn Reserves New lives 3% Downgrade R2.45bn Net surplus 5% Annualised lapse rate AAA 1997 1993 1995 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 GCR credit rating 44
Slide 43: Key local trends in 2018 and beyond
Key local trends in 2018 and beyond 1 Trend Challenge Slow GDP and Pressure on scheme LOCAL TRENDS employment growth growth Increasing disease burden Increasing claims and premium inflation Inefficiency and quality of care challenges 45
Slide 44: Key global trends in 2018 and beyond
Key local trends in 2018 and beyond 2 Trend Challenge Rapid advances in Claims inflation pressure medtech and pharma with very high cost products Opportunities in: GLOBAL TRENDS Omics and wearable devices Genomics and personalised wellness/care Apps Telemedicine Personalised disease
Slide 45: Discovery Health's strategy for DHMS
Discovery Health’s strategy for DHMS 01 Lowering healthcare costs 02 Superior quality of care for scheme members 03 Using digital technology to transform healthcare and member servicing 04 Making members healthier 47
Slide 46: Discovery Health's social mandate: curbing medical inflation
Discovery Health’s social mandate | curbing medical inflation Discovery Health average annualised inflation rates (2008 – 2017) VAT 1.9% 11.3% 1% 2.8% 6.1% 0.5% CPI Tariffs Demand side Supply side Claims inflation utilisation utilisation April 2018: VAT increase from 14% to 15% for the first time in
Slide 47: Comprehensive and experienced fraud team
Discovery Health has built a comprehensive and experienced fraud team – 71 fraud experts and proprietary software assets ~3.5 million 19 213 fraud probes 100 meetings with lives covered schemes conducted in the field suspected perpetrators & each month 300 cases per month 31 636 lines 14 376 lines ~
Slide 48: Over R470 million in fraud recoveries and savings in 2017
Over R470 million in fraud recoveries and savings in 2017 Recoveries and savings - 2015 to 2017 (R’ million) 472 Other 44 323 333 Forensics NDC 112 160 Hospitals 156 2015 2016 2017 Note: Figures unaudited 50
Slide 49: Managed care interventions generated a 269% ROI
Managed care interventions generated a 269% ROI Discovery Health managed care interventions in 2017 (R’ million) Fraud & Forensics Surgicals 472 Tariff, ARMs 269% ROI R 5 654m 53 and Preferred supplier arrangements 2,664 Medicines 1,225 2017 Savings R’m R 1 534m Funding R33bn policy (10%) 1,238 cumu
Slide 50: Discovery Health's strategy for DHMS
Discovery Health’s strategy for DHMS 01 Lowering healthcare costs 02 Superior quality of care for scheme members 03 Using digital technology to transform healthcare and member servicing 04 Making members healthier 52
Slide 51: DiabetesCare programme
DiabetesCare programme: leveraging incentives and technology to change patient and doctor behaviour ( BMI, HbA1c, Cholesterol, Blood pressure, Urine protein Waist adjusted ) 13% 11% 4.9% 78% 7.2% 65% 63% 52% 2.3% HBA1c Test Lipogram Usage Dietician Consult Diabetes Care (Sept 2017) Diabetes Care No
Slide 52: KidneyCare Programme
KidneyCare Programme: partnering with dialysis providers and specialists to measure and improve outcomes Admission rate Length of Stay per admission Detailed monitoring of key dialysis metrics 2.74 5.32 2.24 100% of dialysis centres and patients enrolled 1.54 5.10 1.36 5.03 5.00 Detailed reporting a
Slide 53: Measuring patient reported experience (PREMS)
Measuring patient reported experience (PREMS) High level trends GP patient survey measures Sent: 146,851 Never/Sometimes Usually Always Received: 26,049 Continuity of care 7% 15% 78% Response Rate: 17.8% Doctors discuss medication 40% 23% 37% Doctors involved: 5,510 Professionalsm of office
Slide 54: Discovery Health's strategy for DHMS
Discovery Health’s strategy for DHMS 01 Lowering healthcare costs 02 Superior quality of care for scheme members 03 Using digital technology to transform healthcare and member servicing 04 Making members healthier 56
Slide 55: Comprehensive digital platform for DHMS members and doctors
Comprehensive digital platform for DHMS members and doctors Members Healthcare Providers Case Managers Personal Health Record HealthID Benefit Management SmartPlan Practice Manager System App and web tools Connect Clinical Vault Virtual Assistant Vitality Active Rewards Care Mana
Slide 56: DrConnect: Doctor advice on your device
DrConnect: Doctor advice on your device Ask Questions Current features 140 000 doctors worldwide. >7 billion questions and answers. AI enabled Video, voice or text follow up consultations 2,368 doctors Screen shot 326,393 patients Personalised tips and checklists for your health Get Health Tip
Slide 57: Member and doctor engagement with HealthID
Significant member and doctor engagement with HealthID HealthID – regular users % of engaged doctors* 1886 68% 2000 1800 1600 1400 1200 Member consents >1.7m 1000 800 600 50 % year-on-year growth 400 “Electronic health record systems 200 such as Discovery Health’s HealthID improve the efficiency 0 o
Slide 58: Operational performance better than global benchmarks
Operational performance is consistently better than global best practice benchmarks First call resolution Customer effort score Telephone 76% Digital assisted 64% Discovery Health 80% 80% MBR Satisfaction Overall 68% Discovery Health 89% 50% Response time Benchmark 34 sec Telephone Health 19 sec Ben
Slide 59: Discovery Health's strategy for DHMS
Discovery Health’s strategy for DHMS 01 Lowering healthcare costs 02 Superior quality of care for scheme members 03 Using digital technology to transform healthcare and member servicing 04 Making members healthier 61
Slide 60: Corporate Wellness: Wellness days for DHMS employers
Corporate Wellness | Wellness days for DHMS employers Combined Wellness Days Wellness Centers A Premier offering combining all screenings Corporate on-site clinics with option of into one event: occupational health Premier screening for members on a scheme administered by Discovery Health Trad
Slide 61: Healthy Company: data analytics and personalised pathways
Healthy Company | Integrated data analytics and personalised pathways allow for proactive intervention Episode Management Ongoing Management Prevention Screening Wellness Experience Wellbeing Assessments Engagement Risk Insights Interventions classification 63
Slide 62: Healthy Company: Intuitive member journey
Healthy Company | Intuitive member journey Physical wellness She gets expert advice She chats to her coach from a doctor on her on the Discovery App high blood pressure to manage her diet The Discovery Wellness A coach Sarah is on the road Experience has identified proactively to financial freedom 2
Slide 63: Vitality: a simple and intuitive journey of health promotion
Vitality | a simple and intuitive journey of health promotion 65
Slide 64: Vitality impacts positively on health engagement levels
Vitality impacts positively on overall health engagement levels 290 000 28 million 20 million Vitality Health gym visits Healthy Food checks baskets bought 2.7 million 3 milion 1.25 million movies watched Vitality Active flights booked Rewards earned 66
Slide 65: Members engaging with Vitality Active Rewards
An increasing number of DHMS members are engaging with Vitality Active Rewards, with positive behaviour change Vitality Active Rewards Trends (June 2016 to April 2018) 37% 29% of Vitality members on VAR of Vitality 19% members on VAR of Vitality members on VAR 362,317 294,184 196,355 June 2016 (actu
Slide 66: Vitality engagement lowers disease burden
Vitality engagement lowers disease burden and makes members healthier Heart disease Diabetes Lung disease 41% lower 53% lower 50% lower No Vitality Blue Bronze Silver Gold and No Vitality Blue Bronze Silver Gold and No Vitality Blue Bronze Silver Gold and Diamond Diamond Diamond Note: Disease specif
Slide 67: Discovery Health and Vitality interventions saved DHMS R7.3 bn
Discovery Health and Vitality interventions saved DHMS R7.3 bn in 2017 Impact of Discovery Health and Vitality on DHMS risk claims in 2017 R5.7bn R47.8bn 11.9% R1.6bn 3.4% R40.3bn • Age selection • Positive behavior change • Engagement selection Potential Risk Management Vitality Impact Actual Risk
Slide 68: The Discovery Health System
The Discovery Health System Better health Better healthcare Healthy Company: Managed Care Programmes 160 000+ screenings KidneyCare, CADCare, DiabetesCare Vitality Active Rewards: 37% uptake for members on Vitality Lower cost Technology 16% lower premium than market R800m invested in systems & techn
Slide 69: DHMS AGM
DHMS AGM Dr Jonathan Broomberg, CEO of Discovery Health 21 June 2018
Slide 70: Agenda
Agenda 1. Welcome and quorum 2. Minutes of the 2017 Annual General Meeting - for approval 3. Tabling of the 2017 Integrated Report 3.1 Presentation by the Principal Officer of Discovery Health Medical Scheme 3.2 Presentation by the CEO of Discovery Health 4. Governance 4.1 Discovery Health Medical S
Slide 71: Remuneration Presentation
FOR OUR MEMBERS 2018 Annual General Meeting Remuneration Presentation
Slide 72: Agenda
Agenda 1. Remuneration Governance 2. Trustee Remuneration Policy • Remuneration Methodology • Remuneration of the Board of Trustees 3. Proposed 2018 Trustee Remuneration • Trustees • Chairpersons 74
Slide 73: Remuneration Governance
Remuneration Governance The Board of Trustees is responsible for the development and implementation of a Remuneration Policy for Scheme employees as well as the Board of Trustees and Board Committee members. The Board of Trustees has delegated the responsibility of Scheme remuneration oversight
Slide 74: Remuneration Governance
Remuneration Governance Adoption and Approval of Remuneration Trustee remuneration - presented at this AGM for majority vote by members, after the approval thereof by the Board of Trustees, on recommendation of the REMCO. Approval of Trustee Remuneration Policy The Scheme’s Trustee and Board
Slide 75: Remuneration Methodology
Remuneration Methodology Multi-year phased-in approach approved by 94.57% of the members in attendance during the 2015 AGM R4 000 less 40% The 2016 Trustee fee based on a professional fee rate and approved by 98% of the members in attendance during the 2016 AGM R4 240 less 35% The 2017 Tru
Slide 76: Remuneration Methodology
Remuneration Methodology The objective of the remuneration policy for the Board and Board Committees is to provide a legal and policy framework against which all remuneration decisions are made, validated, implemented, approved and reported by the Scheme. The DHMS REMCO engaged PwC’s Remuneratio
Slide 77: Remuneration Methodology
Remuneration Methodology The total remuneration paid to Trustees is determined by the following elements and illustrative examples will be provided: Number of meetings planned per year. Preparation time for each meeting. Duration of meetings. Estimated time between meetings required by the
Slide 78: Remuneration Methodology
Remuneration Methodology For 2018 the Scheme has made additions to the Remuneration policy. The changes made to the policy, do not deviate from the methodology and structure of fees as set out in the submission made to the CMS on 24 November 2014. The policy has been updated to clarify the manne
Slide 79: Remuneration Methodology
Remuneration Methodology Attendance at Board strategy sessions and other Board Committee strategy sessions Board Strategy session - Trustees attending will receive the “Fee per Meeting” and Independent Board Committee members will receive remuneration at the hourly rate for the duration of their
Slide 80: Remuneration of the Board of Trustees
Remuneration of the Board of Trustees Trustee training Trustees are NOT paid for attending training or conferences over and above the training fees, travel costs, accommodation and subsistence costs. Consulting fees Trustees are NOT paid any consulting fees. Incentive programmes Trustees
Slide 81: Proposed 2018 Trustee Remuneration – Board Chair
Proposed 2018 Trustee Remuneration – Board Chair The table below provides an overview of the 2018 Proposed Board Chairman’s remuneration and is based on the methodology as discussed in the Remuneration Policy. The fees presented are on a VAT exclusive basis. Proposed fee build up for the Remuneratio
Slide 82: Proposed 2018 Trustee Remuneration – Trustees
Proposed 2018 Trustee Remuneration – Trustees The table below provides an overview of the 2018 Proposed Trustee remuneration and is based on the methodology as discussed in the Remuneration Policy. The fees presented are on a VAT exclusive basis. Proposed fee build up for the Remuneration of Trustee
Slide 83: Proposed 2018 Trustee Remuneration – Chair of a Board Committee
Proposed 2018 Trustee Remuneration – Chair of a Board Committee The table below provides an overview of the 2018 Proposed Chair of a Board Committee’s remuneration and is based on the methodology as discussed in the Remuneration Policy. The fees presented are on a VAT exclusive basis. Proposed fee b
Slide 84: Remuneration Presentation
FOR OUR MEMBERS 2018 Annual General Meeting Remuneration Presentation
Slide 85: Agenda
Agenda 1. Welcome and quorum 2. Minutes of the 2017 Annual General Meeting - for approval 3. Tabling of the 2017 Integrated Report 3.1 Presentation by the Principal Officer of Discovery Health Medical Scheme 3.2 Presentation by the CEO of Discovery Health 4. Governance 4.1 Discovery Health Medical S
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