During the past year, the governance of COEFS remained an important focal point with the appointment of a new chairman, Mr. Bert Chanetsa for a term of three-years, and the finalisation of the board charter.We welcomed new board members Ms. Karabo Morule, the former Managing Director of Old Mutual Personal Finance and Ms. Bongi Kunene, the incoming Managing Director of The Banking Association South Africa to the board.We also said goodbye to Mr. Leon Campher with his role at ASISA increasingly demanding more of his time to be committed to national initiatives to rebuild the economy.