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New Director: Norman Crighton


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Can anyone update us on how this guy began his career in 1990, moved to work for the Rothschild family in 1993 and went straight on from there in '94 to spend 5 years as a Senior VP at Merrill Lynch?

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Can anyone update us on how this guy began his career in 1990, moved to work for the Rothschild family in 1993 and went straight on from there in '94 to spend 5 years as a Senior VP at Merrill Lynch?

 

I had a look at his LinkedIn profile.

 

First it looks like he spent 5 years doing who knows what between school and University.

 

Second, he was only one year at Rothschild. That means he either got fired or was so good he got headhunted. You decide.

 

Third, his LinkedIn profile only claims VP at ML, not SVP. If you have niche expertise in your industry then getting hired as a VP isn't that hard. VP isn't all that senior.

 

To me he looks like a mid-level finance professional. Not the sort of guy who will be CEO of a blue chip investment bank but he will have done okay for himself.

 

http://www.linkedin.com/profile/view?id=13845930&authType=NAME_SEARCH&authToken=lEhZ&locale=en_US&srchid=223789731384479644366&srchindex=1&srchtotal=2&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A223789731384479644366%2CVSRPtargetId%3A13845930%2CVSRPcmpt%3Aprimary

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Cheers bossy. :tu:

 

So, what's your take on why we need this guy in as an 'independent' non-executive director to chair a new investment committee "overseeing capital projects"?

 

Is it just a fancy way of saying that he's a name on a piece of paper with boardroom voting powers on behalf of an investor like Laxey?

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Cheers bossy. :tu:

 

So, what's your take on why we need this guy in as an 'independent' non-executive director to chair a new investment committee "overseeing capital projects"?

 

Is it just a fancy way of saying that he's a name on a piece of paper with boardroom voting powers on behalf of an investor like Laxey?

 

He may be a good guy, who knows. I doubt he is there to represent Laxey. Laxey always seems to be pretty up front from what I have seen.

 

Not quite sure why the Board needs an 'investment committee'. I would expect capital investment requests to come from the CEO in line with a broad strategy approved by the Board. Requests over a certain amount would go to the Board for approval but not sure you need a committee for that.

 

I worry that this is another step towards the Board becoming the effective management of the club rather than being a supervisory and advisory body acting on behalf of the shareholders. I think you need a separation between the Board and the management.

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