POLL: We want option of who to will our shares to in "My Account"...

We want option of who to will our shares to in "My Account"...

Poll ended at Tue Aug 19, 2014 10:31 pm

YES
27
68%
No
13
33%
 
Total votes: 40

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Re: POLL: We want option of who to will our shares to in "My Account"...

Post by William Joseph1 » Tue Aug 26, 2014 8:09 am

Superman you have the quotes wrong in your previous post. i did not say what you have claimed I have said.

cashbacklover, Right track is correct but it is a lot more than 40000 ;)
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Re: POLL: We want option of who to will our shares to in "My Account"...

Post by cccashbacklover » Tue Aug 26, 2014 8:22 am

Torus wrote:Superman you have the quotes wrong in your previous post. i did not say what you have claimed I have said.

cashbacklover, Right track is correct but it is a lot more than 40000 ;)

LOL - Torus I was including myself within "others" hence 40000 + figure :lol:
There are those who agree with and those who are convinced to agree with and I fall into neither of those categories ....

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Re: POLL: We want option of who to will our shares to in "My Account"...

Post by richard@imutual » Tue Aug 26, 2014 9:29 am

Let me try to wrap this thread up, but feel free to start a new thread on a specific proposal if necessary....

I'm grateful to any member who takes the time to make suggestions for improving imutual, so thanks for that :thumbup:

On the general point of how to use polls and and interpret their results, I do want to see imutual behave as democratically as possible. But ultimately, shareholders elect directors to manage the company and sometimes that means putting your foot down and saying "I really think we should do this, and not that". It wouldn't serve anyone's interests to attempt "management by committee". So while it's interesting to use polls as a guide to what members think, they can't be binding on the directors. As others have pointed out, you can use your shareholder powers for that if absolutely necessary (By the way, if you count the results of this one by shareholdings, the "Nos" have it by a fair margin)

Given our current size, and the need to attract more members and increase revenues, we do need to be really hard-headed about which new features take priority. And I just don't see that this feature can take priority over the large list of To Dos we have. I think it would only benefit a small number of existing members, and could take significant staff resources to develop and manage. There are legal and administrative implications that would need to be thought through. e.g. if someone's will gives all assets to a certain person (e.g. their partner), but the deceased had asked imutual to gift the shares to someone else, how do we manage that? I've got visions of employing lawyers to fight a bereaved widow over the ownership of some shares :eek:

On the separate suggestion of being able to sell or transfer shares to others. This does have some merit, but has significant legal implications. When we drafted the original T&Cs and shareholder agreement, we needed a model which avoided any legal / regulatory complications and made the company as easy to adminster as possible. I'm not sure we're quite ready to explore this idea yet, but feel free to start a new topic on it if you really want to :)

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Re: POLL: We want option of who to will our shares to in "My Account"...

Post by Squire » Tue Aug 26, 2014 10:40 am

Just a quick post to say I agree with the point about valuing ideas.

Thanks Superman for taking the time to suggest the idea, it has generated some other interesting ideas as well, and has led to clarification of the Poll functionality as a bonus.
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Re: POLL: We want option of who to will our shares to in "My Account"...

Post by AAAlphaThunder » Tue Aug 26, 2014 12:11 pm

Alls well that ends well. We're all friends, still smiling and learnt a few things along the way.

Win, win, win.
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Re: POLL: We want option of who to will our shares to in "My Account"...

Post by AAAlphaThunder » Tue Aug 26, 2014 12:25 pm

magnificent7 wrote:
Torus wrote:I might well be wrong, but I don't think this forum "Questions and feedback" appears on the front page ever.
Right your wrong.
I note the aforementioned thread has been returned to the homepage, where it rightfully belongs, in the true spirit of democracy.
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Re: POLL: We want option of who to will our shares to in "My Account"...

Post by richard@imutual » Tue Aug 26, 2014 2:37 pm

I assume you're referring to the "Latest forum discussions" section. This is automated, based on the date of the latest post. No topics have been manually excluded from or restored to this list

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Re: POLL: We want option of who to will our shares to in "My Account"...

Post by magnificent7 » Tue Aug 26, 2014 6:31 pm

Superman???
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Re: POLL: We want option of who to will our shares to in "My Account"...

Post by superman » Tue Aug 26, 2014 10:47 pm

magnificent7 wrote:Superman???
Relax I'm getting round to it.

Thanks to all those who voted and took part in the discussion.

See this new poll:
viewtopic.php?p=108930#p108930
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Re: POLL: We want option of who to will our shares to in "My Account"...

Post by superman » Wed Aug 27, 2014 11:30 pm

Thanks everyone for following the discussion.

This is a serious issue and will effect us for years to come so well worth the depth of views.

POLL: We want option to transfer our shares to active member
viewtopic.php?f=3&t=44981

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