NTUC Income AR 2019

NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 50 th Annual General Meeting of the members of NTUC Income Insurance Co-operative Limited (‘the Co-operative’) will be convened and held by way of electronic means* at 5.30 pm on Friday, 26 June 2020, to transact the following business: 1. To confirm the minutes of the 49th Annual General Meeting held on 24 May 2019. 2. To receive and adopt the Directors’ Report and the Audited Accounts for the year ended 31 December 2019. 3. To consider the Appointed Actuary’s Report and to endorse the proposals of the Board of Directors for the allocation of the surplus. 4. To elect/re-elect members of the Board of Directors. 5. To approve the declaration of a dividend to shareholders for the financial year ended 31 December 2019. 6. To approve the payment of honoraria to Directors. 7. To consider and approve the proposed amendments to By-Law 8.1 and By-Law 17.2 as set out in Appendix A of the Annual Report. 8. To approve an increase in the maximum borrowing limit of the Co-operative by $1 billion under By-Law 17.1. 9. To re-appoint KPMG LLP as external auditors of the Co-operative for the financial year ending 31 December 2020. 10. To consider such other business not included in this notice of which at least ten days’ notice shall have been given. BY ORDER OF THE BOARD OF DIRECTORS Thanalakshmi Balakrishnan Co-operative Secretary 4 June 2020 * The Annual General Meeting will be convened and held by electronic means pursuant to the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Charities, Co-operative Societies and Mutual Benefit Organisations) Order 2020. ANNUAL REPORT 2019 153