Can anyone tell me how we have allowed someone with 4% shares in the club to have so much power? To be the king maker? It's a scandal and a scandal we all allowed it to happen
We're back to that confusion between ownership and control.
Shareholders own the club.
The board of directors control and manage the club.
The shareholders elect the board of directors.
no confusion I never mentioned ownership, I said power which is control - I guess that was my point about 4% and power
You did - thats what 4% means - you own 4% of Altrincham Football Club.
My point is you could have no shares at all and still be a director with control.
Our shareholders and directors have allowed some with 4% to have far more power and control than they really should given how much he own.
Its irrelevant how many shares a director owns in this discussion.
The shareholders - whoever they may be, elect the board of directors to run the club in their best interests. Thats where shareholder involvement ends.
At the AGM 16 shareholders turned up and supported the current board by re-electing Derek and electing Bill.
The board of directors then run the club/business together as they see fit - I've not seen the internal constitution of the board rules but I assume within a board meeting the directors have an equal say and vote in any decisions, possibly a casting vote from the chairman if there is a tie.
You may disagree with the shareholders appointment of directors - but that is their choice as they own the club.
You may disagree with the directors running of the club - but again it is their remit to run the club as best they see fit and make many decisions each year to do so.
