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Post by tommytainant on Sept 3, 2015 12:05:25 GMT
www.hufctrust.co.uk/minutes-of-board-meeting-held-on-25th-june-2015/Good to see HUST are now publishing minutes of board meetings. This will encourage more members to engage with the Trust. One item caught my eye. UITC
A Service Agreement was being agreed by UITC and HFC. HUST saw UITC as an integral part of HFC but HUST would provide the kit for the under 18’s and pay for the floodlights for certain matches at E.S. I would hope that any outlay by HUST into the club is counted towards the target for share purchases. Every penny helps doesnt it ?
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Post by Deleted on Sept 3, 2015 12:44:47 GMT
Honestly dear, you do go on about this. It's no wonder your brothers never talk to you any more.
Now get off that bloody computer and get off to B&Q like I asked you threee hours ago!
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Post by Redragtoabull on Sept 3, 2015 12:56:08 GMT
HUST, must, simply must, have an overriding ambition and plans to buy enough shares in HFC to have a majority shareholding of single shareholder (which is 25-26% and not 51% which a lot of folks think it is). Anything that detracts from this is just a sideshow.
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Post by onlooker on Sept 3, 2015 15:46:07 GMT
Holding 50,001 shares, and thus making HUST the highest individual shareholder would produce not one iota of benefit to HUST. Indeed, holding the full quota of 250,000 shares will not provide any way out of the position we have been locked into. The shareholding which would be of some benefit is 85,000 which would give over 25% of the issued shares which means any attempts by the benefactors to alter the articles even more to the detriment of HUST could be blocked.
Regarding the HUST minutes, those referred to by Tommy concern the June meeting. There have been two further meetings since then and some snippets from these would be welcome.
The HFC board meet this evening and among the items to be discussed is the high price of refreshments at ES.
Today is also the deadline for nominations for the HUST board so the runners and riders should soon be announced.
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Post by organic on Sept 3, 2015 18:05:44 GMT
Earlier this week I was told there had been five nominations
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Post by Deleted on Sept 3, 2015 18:15:20 GMT
Who told you that, Munsley?
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Post by Deleted on Sept 3, 2015 18:16:13 GMT
I think some people need to start publishing what they know.
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jc
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Post by jc on Sept 3, 2015 18:31:04 GMT
Are you referring to 5 HUST nominations for the Board?
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Post by somnambulist on Sept 3, 2015 18:37:44 GMT
Earlier this week I was told there had been five nominations Thanks Organic. Any chance of a Bulls News piece outlining who they are, what they stand for, and what they hope to bring to the board. It would be nice to have an idea of who we will be potentially voting for. |
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Post by onlooker on Sept 3, 2015 18:53:17 GMT
Exactly how many vacancies are there?
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jc
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Post by jc on Sept 3, 2015 19:07:31 GMT
Each year there are 9 places available but positions are usually held for 2 years.
The Chairman/Vice Chairman/Treasurer/Lottery Director were appointed last year so will stay in position automatically this year assuming they wish to.
That leaves five positions but I understand Andy Carr the co-opted guy recently appointed Communications Director will take up his position again assuming he is fully elected.
That leaves four vacant positions.
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Post by bullish on Sept 3, 2015 19:47:56 GMT
Each year there are 9 places available but positions are usually held for 2 years. The Chairman/Vice Chairman/Treasurer/Lottery Director were appointed last year so will stay in position automatically this year assuming they wish to. That leaves five positions but I understand Andy Carr the co-opted guy recently appointed Communications Director will take up his position again assuming he is fully elected. That leaves four vacant positions. HUST constitution (63.) says that 'the half of the members of the Society Board elected by the members who have served the longest at the date of the AGM each year will resign. If at any time there is an uneven number of elected directors the society board shall decide the number of elected directors to resign' does that not mean that at least one of the Chairman/vice chairman/treasurer (not the lottery director as i think he was co-opted rather than elected) should resign and stand for re-election this year? |
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Post by onlooker on Sept 3, 2015 19:59:44 GMT
This is getting as complicated as the Labour leadership election.
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jc
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Post by jc on Sept 3, 2015 20:01:56 GMT
If that were to occur presently then the AGM and elections could not go ahead as a quorum of at least three is needed to hold the meeting. With only three of them actually properly elected any resignation would take them below that level so nothing could be done. As there is an uneven number of elected directors the board have decided no elected directors are required to resign on this occasion.
Hopefully if sufficient new board directors are appointed this year then this won't be a problem next year when Chairman/Vice Chairman/Treasurer are required to resign then declare an intention to re stand for election if they so desire.
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jc
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Post by jc on Sept 3, 2015 20:25:14 GMT
And if he wants to take me to Morrisons for a hot chocolate and a bit of his curly wurly to discuss it in an academic and intellectual way, I'm up for it!
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Post by bullish on Sept 3, 2015 20:50:16 GMT
If that were to occur presently then the AGM and elections could not go ahead as a quorum of at least three is needed to hold the meeting. With only three of them actually properly elected any resignation would take them below that level so nothing could be done. As there is an uneven number of elected directors the board have decided no elected directors are required to resign on this occasion. Hopefully if sufficient new board directors are appointed this year then this won't be a problem next year when Chairman/Vice Chairman/Treasurer are required to resign then declare an intention to re stand for election if they so desire. a quorum for an agm is twenty members isn't it (clause 38) ? no board members required as far as i can see....? |
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jc
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Post by jc on Sept 3, 2015 21:19:52 GMT
No there is a requirement for a quorum to conduct the agm and in fact any meeting and it's set at 3.
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Post by bullish on Sept 3, 2015 21:29:49 GMT
No there is a requirement for a quorum to conduct the agm and in fact any meeting and it's set at 3. i can't see that in the constitution JC? quorum of 3 seems only to be for a meeting of the board of directors. probably i am missing something. can you point me in the right direction please? |
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jc
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Post by jc on Sept 3, 2015 22:14:19 GMT
The AGM is a meeting just the same as a directors meeting or board meeting but open to all members, therefore the same rules apply even if not defined specifically in the constitution.
The only meeting which can take place which is not held and authorised by the Board of Directors is one where a resolution needs to take place and it isn't called within the correct time frame in which case three members (note the number) instructed by the required number of petitioners for the resolution can hold such a meeting. The costs of such a meeting being claimable from the Trust.
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Post by bullish on Sept 3, 2015 22:20:24 GMT
The AGM is a meeting just the same as a directors meeting or board meeting but open to all members, therefore the same rules apply even if not defined specifically in the constitution. The only meeting which can take place which is not held and authorised by the Board of Directors is one where a resolution needs to take place and it isn't called within the correct time frame in which case three members (note the number) instructed by the required number of petitioners for the resolution can hold such a meeting. The costs of such a meeting being claimable from the Trust. It is specified by the constitution though JC. Clause 38 specifies that a quorum for an agm is 20 trust members. |
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