|
|
Post by LeedsWCFC on Jul 7, 2010 16:51:22 GMT
The AGM will be held at 7.00pm on Monday 9th August in the Legends bar. The agenda will include consideration of the accounts for 2008 and 2009. Notices will be going out to shareholders in the near future.
The formal part of the proceedings will be followed by an open forum.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 7, 2010 17:39:25 GMT
Okay, a note to everyone who has certain concerns. Don't hold back on any questions until the "open forum" Make sure you ask your question during the AGM - that way all questions and answers are minuted, and the Board can be held accountable for actions.
There should really be no need for an open forum after the Board meeting, other than to advise non shareholders of information.
Can the Board make sure that the AGM is a proper AGM and that all shareholders are checked in correctly, unlike the last one at the Social Club where anyone could stroll in!
|
|
|
|
Post by jimbo on Jul 7, 2010 20:40:35 GMT
About bl**dy time eh ! I have a horrible feeling I may be working away though. Is there a protocol for tabling any questions in one's absence ?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 8, 2010 7:36:33 GMT
Good point Jimbo, I would suggest that you write a letter to the Chairman with your questions, make sure you add your shareholder number, make it official. If you do write to the chairman, let me know its been done and I will make sure your questions are read out, and answered within the AGM.
|
|
|
|
Post by Mark on Jul 8, 2010 14:05:04 GMT
Great, we finally get an AGM and I will be away on holiday  |
|
|
|
Post by Tony is not to despondent now. on Jul 8, 2010 17:06:43 GMT
Doesn't sound very promising, especially if there is to be an open forum afterwards!!!!!
How are they going to keep the people out who only have attended for the open forum and are not shareholders?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 8, 2010 17:55:33 GMT
I cant believe that these new guys could screw up on the AGM! again!!! It harks back to Boddy and his lack of understanding of what a shareholder is! Cancel the Open Forum until another day, come on, lets just do the AGM!
|
|
|
|
Post by jimbo on Jul 8, 2010 20:21:06 GMT
.
Thanks for that Jem. If I'm away I will do something, I suspect that my questions will be asked by others as well though.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 9, 2010 13:46:38 GMT
Well I'm emailing the Chairman and vice Chairman about this idea of a open forum after the AGM, and I've advised Colin Layland too.
This is ill advised - the last AGM went on for 3 hours, and this one will go on for a long time until shareholders are satisfied with the present situation, and we've got two years worth of questions to ask and answer.
There have still been no satisfactory responses provided by the Chairman from the last AGM in relation to the Social Club accounts, the reporting of Mr Prescotts payments for services provided (I now know that he was employed directly by the football club, and not the social club, as the football club was responsible for payment (or non-payment) of NIC and taxes to HMRC). The club accounts were not approved by the shareholders - what happened?
Then we get on to theissues of the finances, and the asset sale, and then of course the new ground, and why the Board is so insistant that Nunnery Way is the only option. and make no mistake, the Board are firmly supporting Nunnery Way, its not some facade to pacify SMD, they mean it!
We were told in the document Business Plan Summary which was sent out to shareholders prior to the last AGM, that the club "Have a robust business plan....." for the move to Nunnery Way. Well nearly two years on, and this plan has never been presented to shareholders. This is important as the document did provide what was termed "Key Financial Information" which included Forecast Sale Price (SGL) - £7.36 m and a Phase 1 Nunnery Way Total cost - £6.4 m So is this still part of the Robust Business Plan??
This meeting will be a long one, and will there be people waiting for hours outside for the open forum? Not knowing when it is likely to start? If the Board think that they can wrap up the AGM in half an hour, and open the doors to allcomers for an unofficial unaccountable Q&A, then they both badly mistaken, but also in danger of losing their credibility as an accountable board of directors!
Do the proper thing Board, just put off the open forum until a later date.
|
|
|
|
Post by LeedsWCFC on Jul 15, 2010 13:22:12 GMT
There will still be an 'Open Forum' after the A.G.M. but open only to those attending the A.G.M. i.e. shareholders. This will give those attending the opportunity to raise matters which might not be covered in the formal part of the actual A.G.M.
Everyone else, including shareholders of course, will have the opportunity to have their say at a Fans' Forum after the home game against Gainsborough Trinity on 14th August.
|
|
|
|
Post by georgethebassett on Jul 15, 2010 18:35:53 GMT
What's 'Any Other Business' for?!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 15, 2010 19:07:43 GMT
Agree with georgethebassett - this makes no sense at all, sorry, but questions and points for clarification will form part of the AGM, the formal part of the AGM will not be completed until the shareholders say NOT the Board.
I'm not having shareholder matters being taken into a so called "Open Forum" which is neither open, nor will be minuted as per the AGM. This all falls into AOB.
Come on Jim, Anthony, this is as shambolic as Boddy's AGM's. Why are you aiming for yet another difficult AGM?
|
|
|
|
Post by pendulum on Jul 15, 2010 21:19:24 GMT
Jesus whats so difficult about this? at least theyre having a open forum for the shareholders . the agm will be about the accounts and all other stuff and then you.lot can ask questions.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 15, 2010 23:00:36 GMT
It's a problem because questions asked - and answers given - at the open forum won't be minuted and on record. There's a history at WCFC of rubber stamping issues within the agm - often without votes - and not having questions. This is how shareholders have been sidelined over the years. What's the point of an "open forum"? Why aren't all questions incorporated into the agm? What's the problem?
Maybe they're scared of questions like "is the rumour true that Hallmark is now working with St Modwens as a consultant?" I'm sure that's one they'd like "off the record".
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 16, 2010 6:54:06 GMT
pendulum, you have to understand how businesses, and in particular AGMs work, and their legal and compliant importance. Matters raised at an AGM are minuted, that is, if Mr Hampson says something it is documented, a copy can be requested by shareholders, and can be used for any future shareholder concerns. If its put into an open forum, anything Mr Hampson or any other board members says can be a load of old pony, never needs to happen, and is worthless.
Its no different to the Board of BP deciding to shift any questions regarding the oil spill off the US into an open Q&A !
Since the last AGM, the board have managed to sell, unsell, then sell again SGL. There has been zero communication with shareholders regarding Nunnery Way, and conflicting statements have been issued about its viability, by present board members. If at any point in the future legal action is instigated, by shareholders, by the Board, by SMD, by Careys etc. the minutes of an AGM will be very important to someone. It is in the interest of the Board to ensure that all business is conducted within the confines of the AGM.
|
|
dragon
First Teamer
Posts: 355
|
Post by dragon on Jul 16, 2010 7:07:38 GMT
I suspect the tactic will be to confine business of AGM strictly to that stated on the agenda (on the record) and offer the sop of the forum for wider discussion (off the rcord).The Kumar brothers once adopted this approach at Birmingham City and managed to get through a Christmas Eve 8.00 am AGM in four and a half minutes!
|
|
pedant
Squad Member
Posts: 213
|
Post by pedant on Jul 16, 2010 7:39:07 GMT
Well I am one shareholder in favour of proposing a motion (at the AGM) that the open forum be cancelled and that all discussions are held and minuted under "AOB." It is time for answers Anthony, Jim, Colin and co.
Please do not give us another shambolic and worthless AGM, I thought you guys were different.
|
|
|
|
Post by Tony is not to despondent now. on Jul 16, 2010 8:13:44 GMT
There will still be an 'Open Forum' after the A.G.M. but open only to those attending the A.G.M. i.e. shareholders. This will give those attending the opportunity to raise matters which might not be covered in the formal part of the actual A.G.M. Everyone else, including shareholders of course, will have the opportunity to have their say at a Fans' Forum after the home game against Gainsborough Trinity on 14th August. But what about the persons who go to drink in the Legends Bar? There is no barrier to exclude them from the meeting! |
|
dragon
First Teamer
Posts: 355
|
Post by dragon on Jul 16, 2010 11:06:57 GMT
It is customary for the Chair of an AGM to have the power of sole arbiter of what,if anything,is discussed under Any Other Business.I have attended many company AGMs where AOB did not even appear on the agenda and many others at which ` only matters of which the Chair has been given prior notice may be raised`. We,as shareholders of WCFC,will have to accept that AGMs can quite legitimately be restricted to the legal requirements laid down for their conduct although members have the right to propose resolutions regarding the company as long as the procedure for them so doing laid down in the Constitution is followed to the letter.
I think jcp will agree this whole area is a minefield and a half-clever legal adviser can sew up an AGM as tight as a fish`s a**e whilst what is said/promised/discussed/decided in an after-meeting forum has absolutely no substance in law. Beware!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 16, 2010 11:49:54 GMT
correct, and you cant blame them for doing it way.
|
|
|
|
Post by suv on Jul 16, 2010 13:14:26 GMT
Notices will be going out to shareholders in the near future. Has any Shareholders received their "Notices" regarding the AGM yet ? I've not received mine yet. |
|
|
|
Post by Tony is not to despondent now. on Jul 17, 2010 9:13:07 GMT
Notices will be going out to shareholders in the near future. Has any Shareholders received their "Notices" regarding the AGM yet ? I've not received mine yet. Nor me!!! The notice of meeting arrived yesterday (20th). |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 17, 2010 12:27:15 GMT
"The near future" is an abstract concept - particularly in the Time Warp World known as WCFC.
|
|
|
|
Post by JohnInglisIsGod on Jul 17, 2010 15:40:32 GMT
Has any Shareholders received their "Notices" regarding the AGM yet ? I've not received mine yet. Nor me!!! Certainly haven't Suspect no one has and won't until maybe at best a week before |
|
dragon
First Teamer
Posts: 355
|
Post by dragon on Jul 22, 2010 8:52:45 GMT
Customary for companies to give shareholders fourten days personal notice of AGM although I cannnot find the Constitution of WCFC in which this should appear. If it can be shown that notices did not go out on time (and if it says by post,it means that!) then the Meeting cannnot go ahead. The click may be tickiing!
|
|
|
|
Post by georgethebassett on Jul 22, 2010 9:39:55 GMT
My AGM paperwork arrived yesterday, well within 14 day time period.
|
|
|
|
Post by JohnInglisIsGod on Jul 22, 2010 12:49:27 GMT
My AGM paperwork arrived yesterday, well within 14 day time period. Still nothing in the post today...... |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 22, 2010 14:51:44 GMT
Mine's here.
|
|
|
|
Post by B*ue dragonstander on Jul 26, 2010 12:46:44 GMT
Mine is here too though for the first time I can recall no copies of the accounts are provided and there is no proxy form.
The accounts can be requested from the Club although this does fall a little short of the highest standards of openness I can understand the club wishing to save postage / printing costs
The lack of a proxy form is a serious omission. We all know how many tens of thousands of proxy votes there are from the last AGM so a massive majority of shareholders are potentially being disenfranchised.
I also read a comment in another thread about a satisfying moment being the removal of the puppet board "elected" at the last AGM. I believe one of them remains.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jul 26, 2010 12:49:02 GMT
Me too BDS!!! what would be the chance of re-instating certain "actions"? It might well get support in the most unlikely of circles now!!
|
|
