Report on the MAS Annual General Meeting 2025

We thank all those Members who attended the online meeting and who cast votes. We appreciate the views of our Members, and we are grateful to them for setting aside the time to contribute to the future of our mutual. 

Annual Report 

MAS Chair Brett Sutton took Members through the Annual Report and offered his thoughts on some of the highlights of FY2025, and what MAS will focus on in the year ahead. You can read more about this in the Chair’s report in the 2025 Annual Report. 

MAS’s new CEO 

Brett introduced Jo McCauley, MAS’s new CEO. Jo joined MAS earlier in August, after serving as CEO for Southern Cross Travel Insurance, and brings deep experience in financial services and a strong understanding of the unique nature of mutual organisations. Jo set out her immediate priorities, which include engaging with and understanding more about Members and their needs, and continuing to champion MAS’s focus on service excellence.  

MAS Foundation 

The meeting then heard from Jenny Gill, Chair of MAS Foundation (the Foundation). Jenny reported on MAS Foundation's activities over the past financial year, which saw the Foundation commit over $1.9 million through a combination of community koha grants (under $25,000) and partnership grants (over $25,000, spanning 1 to 3 years). These grants are supporting kaupapa that nurture whānau wellbeing and uplift community solutions and leadership. 

Jenny also spoke about a new strategic direction for the Foundation that will see deeper investment in the early years of life within a whānau context. The Foundation has developed Te Tikitiki a Taranga – a kaupapa that centres on the first 2,000 days of a child’s life, from conception to age 5.  

You can read more about this in the MAS Foundation chair report in the 2025 Annual Report. 

All of the resolutions set out in the Notice of Meeting were approved: 

• Minutes of 2024 AGM were accepted. 

• The 2025 Annual Report and Financial Statements were approved. 

• The remuneration to be divided among all the directors of MAS increased from $803,400 per annum to $827,500 per annum. 

• Brett Sutton and Melissa Macfarlane were re-appointed as Commercial Trustees.  

• Dr Kate Baddock was re-elected as Practitioner Trustee.  

Thank you again to those who took the time to participate in this year’s AGM process, and thanks to all our Members for trusting us to provide you with the protection and support you need in your personal and professional lives.