The 2018 Extraordinary General Meeting of Private Wealth Management Association Limited was held on 12 November 2018.
At the Extraordinary General Meeting, the amendments to the Articles of Association and By-Laws were endorsed.
Two key changes were:
- to expand maximum size of Executive Committee from 12 from the current level of 10 and;
- to allow for eligible entities to be admitted as associate members of the PWMA
A resolution “that the amended Articles of Association of PWMA are endorsed” was supported by 39 members, or 85% of the membership, more than the 75% support required for any amendments to the Articles of Association. A second resolution “that the amended By-Laws of PWMA are endorsed” was supported by 38 members, or 83% of the membership.
As such, both resolutions have passed and the amendments have been incorporated.