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      We are delighted and honoured to have you as a member of the Task Force that will provide advice and guidance to our work with South Africa’s National Treasury in designing and presenting a new regulatory framework to support high impact small and growing businesses. The Task Force will provide key expertise, insight and direction to further this research initially in South Africa, and potentially elsewhere on the continent in the future. Specifically, the Impact Trust has initiated this key research with the support from National Treasury, the South African Revenue Services (SARS) in South Africa, the British High Commission and USAID. The research aims are to identify and explore potential features for an alternative corporate, financial, legal and taxation policy and regulatory framework for defined SMEs and high impact businesses in South Africa. This critical research will culminate in the development of a White Paper within the time frame ending March 2013 for submission to Parliament thereafter.

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      Arthur Wood

      Arthur Wood presently forms the European arm of Total Impact Advisors. Before working in the social finance sector, Arthur worked for over 20 years for leading western financial institutions. Over his career he has held senior positions in both for-profit and not-for-profit enterprises. Arthur is a recognised innovator in social finance and is frequently invited to speak and write on innovative financing vehicles for social purposes. Prior to his current roles with the World Sanitation Financing Facility and Total Impact Advisors, Arthur was Senior Vice President and a Leadership Group Member of Ashoka, the world’s largest supporter of social entrepreneurs. At Ashoka he was Global Head of Social Financial Services, serving three years in Washington DC and New York. Arthur has been instrumental in encouraging major global finance firms to enter the business of social investing in order to improve the way social capital is allocated and deployed. He is also deeply involved in the conceptualisation and creation of new legal hybrid structures to encourage social investment, most notably the L3C in the US and the SELLP in the UK. He has advised a range of broader social entrepreneurs in financing structures, including helping to launch a fund noted as “one of the top twenty ideas in new philanthropy” by Fast Company Magazine. Arthur has a Bachelor of Science (Honours) in Economics from the London School of Economics, and a Master of Business Administration from SDA Bocconi, Italy, and HEC, France.

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      Beth Richardson

      Beth Richardson is the Director of GIIRS (Global Impact Investing Ratings System), B Lab where she is overseeing the launch of GIIRS (the Global Impact Investing Ratings System). GIIRS, a project of the independent non-profit B Lab, assesses the social and environmental impact (but not the financial performance) of companies and funds using a ratings approach analogous to Morningstar investment rankings or S&P credit risk ratings. Ms. Richardson has worked closely with social entrepreneurs and social enterprise throughout her career. She has held roles at Self-Help, a leading community development bank; Ashoka: Innovators for the Public, a non-profit that supports social entrepreneurs in more than 60 countries; and the Amy Biehl Foundation Trust in Cape Town, South Africa. Beth serves on the board of Investors’ Circle. Beth grew up outside of Boston and earned her bachelor’s degree from Duke University and her MBA from Kenan-Flagler. Beth now lives in Carrboro, NC with her husband Steven and son Alex.

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      British High Commission

      The British High Commission in Pretoria represents British interests in South Africa, Lesotho and Swaziland. We help boost political, cultural, economic and social relations between them and the UK by offering a wide range of services and funding of various projects.

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      Luciano Balbo

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      Marcus Owens

      Marcus S. Owens is a member in Caplin & Drysdale’s Washington, D.C. office. He joined the firm in February 2000. Mr. Owens has represented a broad range of nonprofit organizations including private foundations, charities, U.S. affiliates of foreign charities, churches and trade associations. The context has ranged from tax planning, the process of formation and application for exemption, through IRS audits including large case or team audits and audits by the IRS Exempt Organizations Financial Investigative Units. Particular projects have involved the emerging rules for foreign grant making and organizations interested in public policy but concerned with legislative and political activities. He also is a frequent lecturer on the complex laws affecting exempt organizations. Prior to joining Caplin & Drysdale, Mr. Owens was employed by the Exempt Organizations Division of the Internal Revenue Service for his entire professional career and served as the division’s director for the last ten years. In that capacity, he was the chief decision maker regarding design and implementation of federal tax rulings and enforcement programs for exempt organizations, unrelated business income tax, private foundation excise taxes, hospital reorganizations, college and university guidelines, political organizations, and tax-exempt bonds. He also served as the IRS’s primary liaison with other federal agencies, Congress, and state regulators on exempt organizations issues.

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      Margaret Bolton

      Margaret Bolton is an independent consultant who has held senior posts in the public and voluntary sectors, Communications Director at Arts Council England and Director of Policy and Research at NCVO. She led NCVO’s last major review of charity law and was subsequently seconded to the Prime Minister’s Strategy Unit and its 2001/2002 review of charity law and regulation. In 2004 she was appointed as an advisor to the Parliamentary Scrutiny Committee on the Charities Bill. She has also taught courses on charity law and regulation at Yale Law School. She has been a trustee and board member of two small voluntary organisations and a member of the NCVO Advisory Council and the Cancer Research UK Public Affairs Advisory Committee. She has been an associate of Mission Models Money (MMM) since 2006, leading a programme of work examining how arts and cultural organisations are striving to change their business models in order to become more financially resilient.

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      Robert Lang

      Robert (Bob) Lang is CEO of the Mary Elizabeth & Gordon B. Mannweiler Foundation, CEO of L3C Advisors L3C, and CEO of Fabrique Cosmetique Inc. One of the foundation’s major projects is the L3C, which is based on using for-profit LLCs to perform socially beneficial services and program related investments (PRI) to provide capital. Lang is leading a project to facilitate investment in L3C type structures worldwide. He is also a cosmetic chemist and designs and develops cosmetic systems and machinery. Lang serves on the board of Naumburg Orchestral Concerts and the

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      Rob Hodgkinson

      Rob Hodgkinson is an Investment Manager at Venturesome, a £15m social investment fund in the UK that has invested in over 300 charities and social enterprises since 2001. Rob is currently on secondment at the Cabinet Office in the UK government, advising on social investment policy; he is setting up a £10m Social Incubator Fund (with Cabinet Office funding) to invest in social incubators that will increase the number and quality of social start-ups in the UK. In 2011 Rob designed and launched the £3m CAF Social Impact Fund (managed by Venturesome), a retail social investment product for UK-based social ventures. As well as managing the main portfolio of social investments at Venturesome, Rob managed the Community Land Trust Fund, an innovative financial mechanism that seeks to build community-owned affordable housing on a commercial basis. Rob has co-authored The Impact Investor’s Handbook: Lessons from Microfinance (2011) and Financing the Big Society (2010). Prior to joining Venturesome in 2010, he worked in M&A for three years at NM Rothschild, with experience in the energy and property sectors. He has also worked at the African Venture Capital Association, evaluating the venture capital ecosystem in West Africa. Rob graduated from Cambridge University with a first-class degree in History; he will be studying for his MBA at INSEAD in 2012/13.

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      South African Revenue Service

      The South African Revenue Service was established by legislation to collect revenue and ensure compliance with tax law. Its vision is to be an innovative revenue and customs agency that enhances economic growth and social development, and supports South Africa's integration into the global economy in a way that benefits all citizens. In accordance with the South African Revenue Service Act 34 of 1997, the service is an administratively autonomous organ of the state: it is outside the public service, but within the public administration. So although South Africa's tax regime is set by the National Treasury, it is managed by SARS. SARS aims to provide an enhanced, transparent and client-orientated service to ensure optimum and equitable collection of revenue.

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      National Treasury

      Supporting efficient and sustainable public financial management is fundamental to the promotion of economic development, good governance, social progress and a rising standard of living for all South Africans. The Constitution of the Republic (Chapter 13) mandates the National Treasury to ensure transparency, accountability and sound financial controls in the management of public finances

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      USAID Southern Africa

      The staff of USAID/ Southern Africa manage both bilateral programs in South Africa and regional programs that span across 10 countries in the Southern Africa Development Community (SADC) region. We are dedicated to improving the livelihood, health, and freedoms of people throughout the region. Programs in South Africa focus on assisting the country in completing the transformation from its apartheid past into a healthy, economically vibrant, fully inclusive democracy. To assist the South African Government in building capacity to address critical issues, USAID/Southern Africa works in the areas of health, economic growth, gender equality, education, and trilateral assistance.

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Confidentiality and Conflicts of Interest Agreement

This Agreement is entered into as of the day that the elected Task Force member accepts the terms d therefore electronically signs this agreement and shall continue to be in effect following the conclusion of service of the Task Force Member.

1. Conflict of interest
The Task Force Member acknowledges that any potential or actual conflicts of interest that arise during the term of service will be disclosed at such time as the Task Force Member recognizes the conflict. The Task Force Member will disclose any potential conflicts of interest in writing to Nexiis Chief Executive Officer.

2. Confidential information
Nexii Impact Trust may disclose confidential information related to its own work and the work of third parties to the Task Force Member directly or indirectly, with or without notice of its confidential nature. Accordingly, the Task Force Member agrees to hold all information disclosed by Nexii Impact Trust in confidence and neither disclose the same to others nor use the same for any purpose other than in their role as a Task Force Member without the written permission of Nexii Impact Trust.

Confidential information may include, but not be limited to, any information, suggestion, product, product development, or process with respect to which the Task Force Member is exposed in their role as Task Force member.

3. Other provisions

This Agreement is personal to the Task Force Member. This Agreement will be governed by the laws of South Africa, without regard to the place this Agreement is to be performed or where this Agreement was made. Any dispute arising under this Agreement that the parties cannot resolve by good faith discussion and negotiation shall be decided by binding arbitration.

Clicking on the Accept button to your left indicates your acceptance of, and agreement to the above terms.

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