No. 7/2018 iNSOLVENCY Cap. 6:07 (b) may. on behalf of the general body of creditors receive and consider reports relating to the corporate rescue proceedings; and (c) must act independently of the corporate rescue practitioner to ensure fair and unbiased representation of creditors' interests. (2) A person may be a member of a committee of creditors only if the person is(a) an independent creditor of the company; or (b) an agent, proxy or attorney of an independent creditor or other person acting under a general power of attorney; or (c) authorised in writing by an independent creditor to be a member. Sus-PART 0-DEVELOPMENT AND APPROVAL Ol:' CoRPORATE RESCUE PLAN 142 Proposal of corporate rescue plan ( l) The corporate rescue practitioner, after consulting the creditors. other affected persons, and the management of the company, must prepare a corporate rescue plan for consideration and possible adoption at a meeting held in terms of section l-1-3. (2) The corporate rescue plan must contain all the information reasonabl) required to facilitate affected persons in deciding whether or not to accept or reject the plan, and must be divided into three Parts, as follows(a) part A-background, \\·hich must include at least(i) a complete list of all the material assets of the company, as \vell as an indication as to which assets were held as security by creditors when the corporate rescue proceedings began; (ii) a complete list of the creditors of the company when the corporate rescue proceedings began. as well as an indication as to which creditors would qualify as secured, statutory preferent and concurrent in terms of the laws of insolvency, and an indication of which of the creditors have proved their claims; (iii) the probable dividend that would be received by creditors, in their specific classes, if the company were to be placed in liquidation; (iv) a complete list of the holders of the company's issued securities; (\·) a copy of the written agreement concerning the corporate rescue practitioner's remuneration; (vi) a statement whether the corporate rescue plan includes a proposal made informally by a creditor of the company; (b) part B-proposals, which must include at least(i) the nature and duration of any moratorium for which the corporate rescue plan makes provision: (ii) the extent to which the company is to be released from the payment of its debts, and the extent to which any debt is proposed to be converted to equity in the company, or another company; (iii) the ongoing role of the company, and the treatment of any e.xisting agreements; (iv) the property of the company that is to be available to pay creditors' claims in terms of the corporate rescue plan; (v) the order of preference in which the proceeds of property will be applied to pay creditors if the corporate rescue plan is adopted; 302