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dj johnny b
Posts: 57
Joined: Mon Sep 19, 2016 9:04 am

So the meeting (only a week today) involves an "update" and "advised of proposals" but does it also incorporate a vote (which then "ALL" supporters would be made aware of an hour later?)
dagger4eva
Posts: 1735
Joined: Fri Oct 18, 2013 1:39 pm

As far as im aware, a vote by the full members is not required.

Any future proposals put forward are done so by the board of D&RFC2017 Ltd and would no longer require agreement by the Full Members entity in order to proceed with anything they so wished...
VIEW FROM THE STAND
Posts: 158
Joined: Mon Dec 18, 2017 9:53 am

You may well be right D4E, but I’m curious as to why the members were issued with a 26% holding of the new Club. (D&RFC2017)
This obviously leaves all other shareholders with 74% of the Club.
Could it be that, like some other entities, for any motions of major changes to be passed, a 75% majority needs to be achieved, thus providing something of a safety net.
If this is the case, and speculating further, the members would probably vote on-bloc on motions.
"May the best of your past be the worst of your future"
Voice of reason
Posts: 223
Joined: Thu Oct 15, 2015 11:15 am

VIEW FROM THE STAND wrote: Thu May 10, 2018 5:31 pm You may well be right D4E, but I’m curious as to why the members were issued with a 26% holding of the new Club. (D&RFC2017)
This obviously leaves all other shareholders with 74% of the Club.
Could it be that, like some other entities, for any motions of major changes to be passed, a 75% majority needs to be achieved, thus providing something of a safety net.
If this is the case, and speculating further, the members would probably vote on-bloc on motions.
Alan can probably give more info but fundamental changes normally need 75% approval
I wonder what ST and his allies have in mind?
RayleighDagger1986
Posts: 807
Joined: Tue Oct 13, 2015 7:01 pm

I'm guessing they'll be a decent turnout for the 8pm slot. Most of us are curious and would like answers. Strangely enough with lots of players out of contract this summer, usually by now there's a released list of those the club is not offering contracts too.
So looking between the lines, if the club survives are we looking to re-sign them all? I doubt that very much
If no intention to keep any, at least the club can allow them every opportunity to find a new club. I mean as an example, do we need Justham and Cousins next season. Just the one keeper should suffice!
Alan
Posts: 1464
Joined: Tue Dec 30, 2014 2:34 pm

75% for a special resolution, 50% for an ordinary resolution.
VIEW FROM THE STAND
Posts: 158
Joined: Mon Dec 18, 2017 9:53 am

Alan,thanks for clarifying.
As I mentioned the 26% members holding gives some sort of safety net
"May the best of your past be the worst of your future"
RayleighDagger1986
Posts: 807
Joined: Tue Oct 13, 2015 7:01 pm

Whats the difference Alan. In what circumstances would be an ordinary resolution?
dagger4eva
Posts: 1735
Joined: Fri Oct 18, 2013 1:39 pm

Its worth noting that Simmo acts as the full members entity representitive on the board but I'm not exactly sure how it works with him being able to give a vote on behalf of the members without something being put to them first.

Anyhow, I found this which should answer RayleighDagger:

The special resolution regime helps to protect minority shareholders against important decisions being taken without proper consideration and, to the extent possible, consensus. In areas covered by a special resolution, a shareholder or group of shareholders together holding 25% of the shares can effectively oppose a resolution. The need for a special resolution may help good decision-making, ensuring important changes are better considered and an effort made to gain wider support than a simple majority. Of course, the special resolution regime can also work to a company’s disadvantage – when a required transaction is blocked by an intransigent minority
RayleighDagger1986
Posts: 807
Joined: Tue Oct 13, 2015 7:01 pm

Cheers D4E but that hasn't really answered my question. Its still not clear as to what situations a soocial resolution may be used in. But for now thanks for the explanation.
So whose going Thursday night?
And which suite is the "Ted Hardy"?
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Sagres
Posts: 503
Joined: Thu Jan 29, 2015 10:26 pm

RayleighDagger1986 wrote: Tue May 15, 2018 5:17 pm Which suite is the "Ted Hardy"?
Main hall downstairs
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Sagres
Posts: 503
Joined: Thu Jan 29, 2015 10:26 pm

Can somebody please confirm how much is the full members annual subscription fee?
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Mike the Dagger
Posts: 2307
Joined: Mon Oct 28, 2013 9:09 am
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They said £100 pa last night.

No, it isn't on the form!!! Doh!
Alan
Posts: 1464
Joined: Tue Dec 30, 2014 2:34 pm

It’s pretty bloody silly to email every season ticket holder a full membership application form with no indication of the price or what the actual benefits of membership are.
Dagger42
Posts: 168
Joined: Sat Dec 27, 2014 12:59 pm

What are the benefits of full membership?
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