by richard@imutual » Wed Dec 07 2011 9:18am
afcbtim wrote:If and I stress if someone wanted to stand as a director at future AGMs either as a replacement for an existing director or an additional direct, is there a mechanism in place?
The straight answer is "Yes"; Section 3.11 of the Company's articles state:
3.11 No person other than a Director retiring at the meeting shall, unless recommended by the Directors for election, be eligible for appointment or reappointment as a Director at any general meeting unless not less than seven nor more than 42 days (inclusive of the date on which the notice is given) before the date appointed for the meeting there shall have been lodged at or sent to the Office notice in writing signed by some member (other than the person to be proposed) duly qualified to attend and vote at the meeting for which such notice is given of his intention to propose such person for election stating the particulars which would, if he were so appointed or reappointed, be required to be included in the Company’s Register of Directors, together with notice in writing signed by the person to be proposed of his willingness to be appointed or reappointed
In due course, we may well need to recruit an additional director to help with the strategic development of the company; perhaps someone with significant corporate experience and contacts. But I think that's a bit different from what you have in mind i.e. a "member director"
It would be good to do something like that, to reinforce our 'mutual' model, provided that it has a clear benefit for members. Bearing in mind that we're already quite open and answer questions about the company on these forums. Open to suggestions on how this might work...
[quote="afcbtim"]If and I stress if someone wanted to stand as a director at future AGMs either as a replacement for an existing director or an additional direct, is there a mechanism in place?[/quote]
The straight answer is "Yes"; Section 3.11 of the Company's articles state:
[quote]3.11 No person other than a Director retiring at the meeting shall, unless recommended by the Directors for election, be eligible for appointment or reappointment as a Director at any general meeting unless not less than seven nor more than 42 days (inclusive of the date on which the notice is given) before the date appointed for the meeting there shall have been lodged at or sent to the Office notice in writing signed by some member (other than the person to be proposed) duly qualified to attend and vote at the meeting for which such notice is given of his intention to propose such person for election stating the particulars which would, if he were so appointed or reappointed, be required to be included in the Company’s Register of Directors, together with notice in writing signed by the person to be proposed of his willingness to be appointed or reappointed[/quote]
In due course, we may well need to recruit an additional director to help with the strategic development of the company; perhaps someone with significant corporate experience and contacts. But I think that's a bit different from what you have in mind i.e. a "member director"
It would be good to do something like that, to reinforce our 'mutual' model, provided that it has a clear benefit for members. Bearing in mind that we're already quite open and answer questions about the company on these forums. Open to suggestions on how this might work...