Ade the green":17x5fvd1 said:jimsing":17x5fvd1 said:Crucial question regarding the vacancies.
Will the new Directors be required to put money into the Club, a la Tony Wrathall, or will they be required for their expertise only, a la Peter Jones?
I suppose it will be the latter, as the existing directors would not want their share of the Club diluted, so we cannot expect new money to be injected into the Club this time.
I do recall that NOT to be the case in the past, whereby new directors would be required to put money into the Club. I suppose new shares would have been created for them, thereby watering down the value of the shares remaining in the hands of the other directors, which would have provided new money into the Club. The alternative would have been for the directors to sell part of their shares, in which case the directors would receive the money and the Club would be no better off. The boardroom would have increased without any financial benefit to the Club.
I cannot see Brent, Wrathall or Hallett wanting to sell any shares, so I guess any new directors would be brought on board for their expertise only.
They seem to have set a bar that in general directors "should" only serve three years. This is probably more in line with JBs plan and we will see once SH becomes more and more influential.
Looking at the three year term, it brings us into the schedule of the Mayflower 400 celebrations so I'd hazard someone with event experience or someone with an "in" with the FA might be helpful.
The other thing that it could be is the phasing out of JBs influence towit a handover of the controlling power at HP.
Right, so we can expect to see Karen Brady on the board soon. :thumbup: