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Walters silence....


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Seems like an empty threat. Anyone officially connected with Rangers who serves legal notice on Walter Smith for speaking his mind can kiss goodbye to any sort of credibility amongst the support for ever.

 

It would be like cutting your throat to spite your face.

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Seems like an empty threat. Anyone officially connected with Rangers who serves legal notice on Walter Smith for speaking his mind can kiss goodbye to any sort of credibility amongst the support for ever.

 

It would be like cutting your throat to spite your face.

 

Sorry!? :D

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Seems like an empty threat. Anyone officially connected with Rangers who serves legal notice on Walter Smith for speaking his mind can kiss goodbye to any sort of credibility amongst the support for ever.

 

It would be like cutting your throat to spite your face.

 

Id say a gagging order from the current board, with the fans desperate for answers would prove to be the mother of all own goals for the current regime.

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Seems like an empty threat. Anyone officially connected with Rangers who serves legal notice on Walter Smith for speaking his mind can kiss goodbye to any sort of credibility amongst the support for ever.

 

It would be like cutting your throat to spite your face.

 

Perhaps so Andy but it comes back to the old chestnut of fiduciary obligation, there are legal restraints put upon a resigning director.

 

From an ACCA document on corporate governance:

 

Where a director has resigned, he or she will still be

subject to certain fiduciary responsibilities towards the

company, so he or she should be careful to conduct

himself or herself carefully. He or she should not act in any

way which could be construed as damaging the company

and, in particular, it is advisable to exercise care not to

make any statements which might all too easily be

interpreted as impugning the integrity of past colleagues

within the company. While bearing these considerations in

mind, it is reasonable to make a statement, perhaps a

letter to shareholders or a press release, announcing the

resignation and the reason(s) for it. While directors do not

have to publicise a reason for resigning, it should be

possible to do so without adverse legal ramification. The

reason should be as accurate as possible.

 

Full doc here for those of a mind to read it http://www.accaglobal.co.uk/content/dam/acca/global/PDF-technical/corporate-governance/tech_tp_rfb.pdf

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