Taipan
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Checks and balances are the essence of where we need to be rbr, a certain amount of fan ownership married with a wee bit of entrepreneurial flare from bears with means might just see us back where we ought to be.
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Community Share Admin. Office: PO Box 17423, Edinburgh EH12 1HR Perhaps if you can contribute and you support fan ownership I could convince you to join and apply for board membership, you can download an application form here http://www.therst.co.uk/notice-of-rst-agm/
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There is a firm commitment which has been discussed and the RST board is happy to take that at face value on behalf of the membership but there can be no timetable at this stage, not least because there is an imminent EGM, interim accounts to be published and a fluctuating shareholding. In terms of concessions we have negotiated a significant concession for the membership - a commitment to fan ownership / representation. That's a step in the right direction for the membership albeit I do recognise that the fan ownership model is not everyone's favoured one.
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There is a firm commitment from JM & Co to embrace fan ownership / representation and I think this is a significant win for the Trust which has fan ownership as its primary objective. The membership will be consulted and their democratic majority view will dictate how the block vote is utilised however.
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EGM - Proxy Voting for independent shareholders (content now applies to AGM)
Taipan replied to Zappa's topic in Rangers Chat
Actually it's a legitimate concern. If Green proxies his 7% to the RST then he would dwarf the current percentage held and controlled by both the members who hold community shares and those members and non-members who have proxied as it stands. However the proxy rules quite categorically state that in casting our collective vote the Chair must reflect, in the first instance, the views of the members and, in the second instance, the view of the wider support. The rationale behind this aspect of the rules is that the RST is a one member, one vote organisation and neither size nor financial clout can outweigh the democratic majority.