SANLAM | To reappoint KPMG, Inc as external auditor

Status
AGM passed
AGM date
Previous AGM date
Proposal number
2
Resolution details
Company ticker
SLM:SJ
Lead filer
Momentum Metropolitan Life Ltd
Resolution ask
Other ask
ESG theme
  • Governance
ESG sub-theme
  • Corporate purpose
  • Other
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
South Africa
Supporting materials
Resolved clause
To reappoint KPMG Inc., as nominated by the company’s audit committee, as joint independent auditor of the company to hold office until the conclusion of the next AGM of the company. It is to be noted that Mr P Fourie is the individual and designated joint auditor who will undertake the company’s joint audit for the financial year ending 31 December 2025.
Supporting statement
We will be voting against the reappointment of KPMG as external auditor. While we acknowledge the firm's tenure and contribution over the past 10 years, we believe that a new audit tender is now appropriate to promote audit independence and enhance stakeholder confidence through a refreshed perspective.

How other organisations have declared their voting intentions

Organisation nameDeclared voting intentionsRationale
Momentum Metropolitan Life LtdAgainstWe will be voting against the reappointment of KPMG as external auditor. While we acknowledge the firm's tenure and contribution over the past 10 years, we believe that a new audit tender is now appropriate to promote audit independence and enhance stakeholder confidence through a refreshed perspective.

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