17th AGM Provisional Notice
April 13, 2017Nomination for FPAM Penang Committee Members | 30 July 2017
July 28, 2017
Annual General Meeting
| NOTICE IS HEREBY GIVEN that the 17th Annual General Meeting of the Financial Planning Association of Malaysia (FPAM) will be held at Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur on Saturday, 17 June 2017 at 11.00 a.m. for the following purposes: | |||||
| 1. | To receive the President’s Statement and Board of Governor’s report on the activities of the Association for the year ending 31 December 2016. | ||||
| 2. | To receive the audited accounts of the Association for the year ending 31 December 2016. | ||||
| 3. | To re-appoint Baker Tilly Monteiro Heng as the auditors and to authorize the Board to determine their remuneration. | ||||
| 4. | To elect members of the Board of Governors | ||||
| 4.1 | To elect the following Charter Member Representatives to the Board of Governors: | ||||
| 4.1.1 | Ms. Eunice Chan Chun Hei (representing Malayan Banking Berhad) | ||||
| 4.1.2 | Mr. Paul Low Hong Ceong (representing Manulife Insurance Berhad) | ||||
| 5. | Notification of increase in Financial Planning Standards Board (FPSB) Royalty Fees from RM150 to RM160. | ||||
| 6. | To consider and if thought fit, pass the following Resolution:
Resolution 1: Constitution Clause 4.1 To revise the annual recertification fee from RM250 to RM260. |
||||
| 7. | To consider and if thought fit, pass the following Resolution: | ||||
| Resolution 2: Constitution Clause 3.2 | |||||
| THAT the Constitution of the Association be altered from five to six categories as follows: | |||||
| 3.2 | There shall be six (6) categories of members of the Association: | ||||
| (i) | Certified Member – shall be open to all individuals who are:
a) Certified Financial Planner (CFP) professionals only. b) those who hold both Certified Financial Planner (CFP) mark and the Islamic Financial Planner (IFP) Certification. |
||||
| (ii) | iCertified Member – shall be open to all individuals who are qualified Islamic Financial Planner (IFP) licensee only. | ||||
| (iii) | Associate Member – shall be open to all individuals who are Associate Financial Planner (AFP) licensee. | ||||
| (iv) | Trade Member – shall be open to all students who are pursuing either, the Certified Financial Planner (CFP), AFP or IFP programmes sanctioned by the Association. | ||||
| (v) | Corporate Member – shall be open to all firms, companies institutions and associations dealing with financial planning services, financial products and/or related services in the financial sectors. | ||||
| (vi) | Charter Member – shall be open to all firms, companies institutions and associations dealing with financial planning services, financial products and or related services in the financial sectors that are willing to opt for this type of membership. | ||||
| 4.1 | The annual subscription fee payable shall be as follows: | ||||
| Type of Membership
Certified Member Annual Subscription
iCertified Member Annual Subscription
Associate Member Annual Subscription
Trade Member Annual Subscription
Corporate Member Annual Subscription
Charter Member Sponsored sum
Annual Subscription |
Fee payable
RM260.00 (subject to approval of Resolution 1) (Ringgit Malaysia Two Hundred and Sixty only)
RM210.00 (Ringgit Malaysia Two Hundred and Ten only)
RM150.00 (Ringgit Malaysia One Hundred and Fifty only)
RM50.00 (Ringgit Malaysia Fifty only)
RM1,000.00 (Ringgit Malaysia One Thousand only)
RM30,000.00 (Ringgit Malaysia Thirty Thousand only) RM2,000.00 (Ringgit Malaysia Two Thousand only)
|
||||
| 8.
|
To seek approval to allow the Board to make future revisions to subscription fees.
Resolution 3: Constitution Clause 4.1 (insert after Paragraph 3) To seek approval from members for the above resolution without having to change the Constitution, provided that the following process is adhered to: |
||||
| (a)
|
Board to propose revision of future annual subscription fee when deemed necessary. | ||||
| (b)
|
proposed revision must be put to vote at AGM by Certified Members for acceptance. | ||||
| (c)
|
upon acceptance, changes to be minuted in the Board of Governors’ meeting and announcement to be made to the members. | ||||
| 9. | To transact any other ordinary business for which due notice shall have been given. |
By Order of the Board
Paul Khoo Chuin Yuen
Honorary Secretary
Kuala Lumpur
Date: 26 May 2017
Notes:
Only Certified Members of the Association who have fully paid all fees payable in respect of their membership before the date of the Annual General Meeting are entitled to attend and vote at the Annual General Meeting. No proxies are allowed.
