Views from the Sieve

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?)

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...

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.

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?

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!

75% for a special resolution, 50% for an ordinary resolution.

Alan,thanks for clarifying.
As I mentioned the 26% members holding gives some sort of safety net

Whats the difference Alan. In what circumstances would be an ordinary resolution?

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

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"?

RayleighDagger1986 wrote: ↑Tue May 15, 2018 5:17 pm Which suite is the "Ted Hardy"?

Main hall downstairs

Can somebody please confirm how much is the full members annual subscription fee?

They said £100 pa last night.

No, it isn't on the form!!! Doh!

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.

What are the benefits of full membership?