Chairman Message The Chairman welcomed all Delegates to the 22nd Delegates Annual General Meeting of Koperasi Doktor Malaysia(KDM) at the Saujana Kuala Lumpur, Saujana Resort, Shah Alam, Selangor Darul Ehsan. He also welcomed Datin Romaizah Abdul Kadir, the representative from Suruhanjaya Koperasi Malaysia (SKM). The Chairman announced that the KDM Board had declared a 50% dividend for the financial year ended 31.12.2009, of which 40% will be paid in cash and another 10% via drug purchases through KDM Pharma. The Chairman informed that the Fomema Concession Agreement expires in 2012 and may be extended for another 5, 10 or 15 years depending on the government. He also informed that KDM Court cases may be settled by 2012 and if KDM was able to sell its shares in FSB at a reasonable price, KDM can then decide on the next course of action. The Chairman informed the House that KDM’s income excluding Fomema is RM1.584 million and this is reflected in pages 30 and 31 of the Annual Report. He further informed that approximately RM60,000 has been paid out to each member as dividends all these years which excluded the Welfare Fund and other Funds. The Chairman briefed the delegates that keeping KDM profitable post FSB can only be through other business namely KDM Pharma, etc. He also brought to the delegates’ attention that not all KDM doctors are interested in seeing KDM Pharma becoming a successful entity of KDM. This was because 3 KDM members namely Dr. Rajamohan Annamalai, Dr. S Subla Rajamohan and Datuk Dr P Krishnan via complaints to the SKM have taken KDM to a Tribunal Court hearing and another 2 KDM members namely Dr. Dharumaseharan a/l S Ponniah and Dr Mahendran s/o V Markandoo were acting as their witnesses. He further informed that the Court official had requested KDM to appoint a lawyer and also list the witnesses. The Chairman reiterated that a co-operative is formed to look after the well being and interest of its members. It is like a family. KDM’s membership is for Private doctors who are recognized by the government and registered with MMC. The mission statement reads “to uphold the economic and social interest of members” and the objectives are “to implement business and service in the medical and health fields.” The Chairman informed that those who do not meet the criteria for membership or feel that the mission statement and objectives of KDM are not in line with their beliefs must rethink their membership. On another serious note, the Chairman informed that in view of the ageing membership and with it the accompanying chronic illness, it is felt that KDM should look into paying out half the Welfare Fund to all our members who are eligible.

The Chairman informed that Private Practitioners in this country may become the dinosaurs of this century and their future is in the members’ hands and requested that delegates think clearly and look carefully at their next steps. The Chairman thanked all the Board Members and the Internal Audit Committee Members for their support and contributions in various activities throughout the year. He concluded by wishing the House to have a productive meeting…