Breaking: Macquarie Bank wiz to join Eels Board

[born an eel]

wouldn't somebody of the business acumen of Glen Duncan qualify as an "independent" director and look how that turned out.

even with 1-3 "independent" directors, without a majority it wouldn't mean the best business decisions are made.

 

[The Elephant In The room]

wouldn't somebody of the business acumen of Glen Duncan qualify as an "independent" director and look how that turned out.

even with 1-3 "independent" directors, without a majority it wouldn't mean the best business decisions are made.

Maybe not, but they might be able to impart a little more business acumen and experience to the discussion. IMO that can only be a good thing.

 

[Jodeci]

And yet we voted not to increase the pay to Directors so we obviously dont want the best people in the role.

To suggest he would do the job for free (Sharpy) and at the same time have a motion on the agenda seeking a pay rise was astonishing.

The members had a chuckle about this.

 

[Haynzy]

This is part of the confusion in how this was communicated IMO.
The "INDEPENDANT" is not referring in any way to the level of seperation from the current board.

It means in this context "independant' from the normal election process for electing Directors.
The purpose of this type of appointment and the reason for the NRL supporting and encouraging clubs to go down this path is that it is recognised that popularly elected officials are just that, winners of a popularity contest and may not have the pre-requisite skills to effect the best mix within the Boardroom and this allows the Directors to select (by majority vote) someone to assist them and provide additional skills that might not otherwise exist on the Board.

The Chairman put forward his preferred candidate if the motion was successful however the appointment would have to have been voted on by our elected Board and a majority obtained. Any other director could also nominate their preferred candidate and have the Board vote on this as well.

Cheers for that.
Makes sense now.

Hopefully they learn from this and improve their corporate practice :sarcasm:

 

[Gronk]

To suggest he would do the job for free (Sharpy) and at the same time have a motion on the agenda seeking a pay rise was astonishing.

The members had a chuckle about this.

Peppercorn honorariums are nothing compared to the time that these merkins give the club. It's hardly pigs at the trough, is it ?

 

[emjaycee]

To suggest he would do the job for free (Sharpy) and at the same time have a motion on the agenda seeking a pay rise was astonishing.

The members had a chuckle about this.

Agree and this was just one of the ways they (the Board and Exec) failed to better communicate to members the changes they were proposing. I mentioned in a lengthy discussion with the CEO after the meeting (and with 2 of the Board) that I thought their communication was the thing that caused the motions to fail - not the intent behind the motions and I stand by this.

Peppercorn honorariums are nothing compared to the time that these merkins give the club. It's hardly pigs at the trough, is it ?

Exactly, pay peanuts - get monkeys.

 

[parra-matters]

i know i live out of town and would most likely never come to a AGM that was held on a weeknight. But this latest one i was never sent a notice of meeting or agenda, the only letter i got was one yesterday about the independant board member.
So if they want people to turn up and vote to get 75% of the vote then they really need to make sure members 1. know about the meeting ,2. have it a time/day when the best attendance is possible. and 3 allow proxy voting.
Until this is addressed the club will always look like the amateurs.

 

[emjaycee]

i know i live out of town and would most likely never come to a AGM that was held on a weeknight. But this latest one i was never sent a notice of meeting or agenda, the only letter i got was one yesterday about the independant board member.
So if they want people to turn up and vote to get 75% of the vote then they really need to make sure members 1. know about the meeting ,2. have it a time/day when the best attendance is possible. and 3 allow proxy voting.
Until this is addressed the club will always look like the amateurs.

Not disputing what you say however the Registered Clubs Act doesn't allow for proxy voting.

 

[84 Baby]

I am still adamant club decisions should be made in Anchorman style battle royales. Moss could have been adjudicator or just a wild card entry (or if you're Jake, on Sharp's side).

We are so behind the times as a club. Rumour has it Souths/Roosters have already determined the outcome of their round 26 clash by organising Sunday's billionaire dust up. Souths' size to gain win by narrow margin

 

[parra-matters]

Not disputing what you say however the Registered Clubs Act doesn't allow for proxy voting.

ok thanks for the information i did not know it was in the registered clubs act.

 

[eel01s]

Really all you can say out of this is that whoever is providing advice to Sharp (relating to AGM meetings and procedural matters) should be sacked. Sharp may have the best interests of the club at heart but things have to be done properly and by the book, otherwise you just give your clued-up opponents plenty of cannon fodder.

Member need full disclosure about these matters. The case for an independent director should have been made - what a coup it would be to then announce that a candidate of the quality of Moss was in the running.

Of course the other issue is that do the majority of members who turn out to vote even care about the footy side of things?

I can't wait till my three years non voting period finishes.

 

[Wizard Sleeve]

Is Moss an eligible member ? Why can't Sharpie just have one of the current board suddenly step down due to family reasons or some crap like that and then just replace them with Moss ? That seemed to work under the old guard .

 

[Twizzle]

Really all you can say out of this is that whoever is providing advice to Sharp (relating to AGM meetings and procedural matters) should be sacked. Sharp may have the best interests of the club at heart but things have to be done properly and by the book, otherwise you just give your clued-up opponents plenty of cannon fodder.

Member need full disclosure about these matters. The case for an independent director should have been made - what a coup it would be to then announce that a candidate of the quality of Moss was in the running.

Of course the other issue is that do the majority of members who turn out to vote even care about the footy side of things?

I can't wait till my three years non voting period finishes.

I tend agree from what I've read, although I wasn't there

It appears Sharpy has the clubs interest at heart although he may be a bit rough around the edges and while its clear that Fitzy knows more about the technical aspects of the Eels constitution, he seems to have Fitsy's interest at heart.

Fitzy has had 25 years to bring himself up to speed, seems to me his agenda is to just disrupt these meetings.

 

[Wizard Sleeve]

Nurse ! Better take my temperature, cos I agree with this merkin.

Let the NRL appoint a bunch of independent people like Moss and perhaps we can then move forward.

In the meantime, a black van and a few protagonists disappearing in the middle of the night might be the only answer.

Who would pay them ? Pretty sure they would want a bit more than the milk money we currently pay . Would the NRL gladly pay 7 guys 100K + packages to run our club or is it more likely they happily let us implode then give us the boot or make us move to Perth ?

 

[Maroubra Eel]

i know i live out of town and would most likely never come to a AGM that was held on a weeknight. But this latest one i was never sent a notice of meeting or agenda, the only letter i got was one yesterday about the independant board member.
So if they want people to turn up and vote to get 75% of the vote then they really need to make sure members 1. know about the meeting ,2. have it a time/day when the best attendance is possible. and 3 allow proxy voting.
Until this is addressed the club will always look like the amateurs.

I'm pretty sure I got some brochure about 3 weeks ago informing me of the meeting. Maybe yours went missing.

 

[Wizard Sleeve]

I tend agree from what I've read, although I wasn't there

It appears Sharpy has the clubs interest at heart although he may be a bit rough around the edges and while its clear that Fitzy knows more about the technical aspects of the Eels constitution, he seems to have Fitsy's interest at heart.

Fitzy has had 25 years to bring himself up to speed, seems to me his agenda is to just disrupt these meetings.

Why can't we just put all of these dickheads on the board and move on ?

 

[Twizzle]

I guess if we did, we would not be moving on.

 

[Stagger eel]

Is Moss an eligible member ? Why can't Sharpie just have one of the current board suddenly step down due to family reasons or some crap like that and then just replace them with Moss ? That seemed to work under the old guard .

He's not a member of the leagues club from what I gather...

 

[born an eel]

He's not a member of the leagues club from what I gather...

was answered earlier in the thread

1. Moss is a member and has been for a number of years
2. Prozenko is a wanker

 

[Wizard Sleeve]

I guess if we did, we would not be moving on.

Good point . Let's just pay them off then .