Search found 12 matches

by Robert Stern
Fri Jun 07, 2019 8:29 pm
Forum: ECF Matters
Topic: Governance issues
Replies: 19
Views: 1868

Re: Governance issues

On the specific point, the regulations are prescriptive and so it is correct that the Board did not have an alternative option. More generally, if anybody wants to raise a matter with the Governance Committee, this should be done by approaching the Committee directly in writing. In this case, this h...
by Robert Stern
Mon Sep 11, 2017 11:01 pm
Forum: ECF Matters
Topic: Nominations for the 2017 elections at the AGM
Replies: 10
Views: 1857

Re: Nominations for the 2017 elections at the AGM

Articles 17 (6) (a) and (b) are to be read in conjunction with Article 17 (6) (e) which imposes a three year rotation cycle.
by Robert Stern
Sat Jul 01, 2017 10:10 pm
Forum: ECF Matters
Topic: ECF Finance Council Meeting April 2017
Replies: 272
Views: 20480

Re: ECF Finance Council Meeting April 2017

I agree with Michael; Article 51 is not a bar. The setting of Game Fee under Article 18 is done subject to the provisions of Bye-Law No. 2, which permits waivers or reductions by the Board. (If the contrary view were taken, you would end up in a position -which clearly could not be right - where som...
by Robert Stern
Wed May 17, 2017 9:09 am
Forum: ECF Matters
Topic: Poll: Is the ECF doing a good job?
Replies: 195
Views: 11945

Re: Poll: Is the ECF doing a good job?

Going back to the question of whether something similar could be done with the existing composition of Council to restrict proxy voting, I think it might be possible but it would require quite a bit of thought as you would end up with a corporate entity without any members who have a normal set of r...
by Robert Stern
Tue May 16, 2017 3:39 pm
Forum: ECF Matters
Topic: Poll: Is the ECF doing a good job?
Replies: 195
Views: 11945

Re: Poll: Is the ECF doing a good job?

If OMOV were adopted, you could prevent one individual gathering lots of proxy votes by use of a voting trust structure, where the member of the ECF for Companies Act purposes would be a trustee who would hold a special share entitling him to, say, 10,0000 votes which could only be voted as directed...
by Robert Stern
Tue Jan 17, 2017 10:59 am
Forum: ECF Matters
Topic: Possible Voting Reform
Replies: 82
Views: 7103

Re: Possible Voting Reform

The question of whether junior Direct Members should have voting rights is not addressed by the consultation paper Elections for the posts of Bronze, Silver, Gold and Platinum Representatives are somewhere between infrequent and non-existent. But under the current constitution, do junior members, o...
by Robert Stern
Mon Jan 16, 2017 10:36 pm
Forum: ECF Matters
Topic: Possible Voting Reform
Replies: 82
Views: 7103

Re: Possible Voting Reform

The question of whether junior Direct Members should have voting rights is not addressed by the consultation paper; it is one of the points that would need to be resolved if a proposal for reform is approved in principle by Council. It would be wrong to assume that the consultation paper is expressi...
by Robert Stern
Sat Jan 14, 2017 8:51 am
Forum: ECF Matters
Topic: Possible Voting Reform
Replies: 82
Views: 7103

Re: Possible Voting Reform

Just to clarify on two points that have been raised in posts: 1. It is not the case that just one option is favoured by the board; the board very clearly concludes that it supports each of option 2 and option 3; 2. Option 1 is not scuppered by problems relating to the legalities of companies limited...
by Robert Stern
Tue May 17, 2016 5:56 pm
Forum: ECF Matters
Topic: ECF AGM aftermath
Replies: 231
Views: 24961

Re: ECF AGM aftermath

Sarah Longson has not been appointed a director but is a director designate precisely because Council would need to effect her appointment as a director, including by passing a resolution to increase from ten the limit on the number of directors.
by Robert Stern
Mon Apr 18, 2016 9:53 am
Forum: ECF Matters
Topic: April 2016 Council meeting
Replies: 468
Views: 24277

Re: April 2016 Council meeting

Abstentions are ignored. A special resolution requires 75% of votes cast. An abstention is not a vote cast.
by Robert Stern
Mon Mar 28, 2016 12:03 pm
Forum: ECF Matters
Topic: April 2016 Council meeting
Replies: 468
Views: 24277

Re: April 2016 Council meeting

Mick

Thanks.

I have nothing to add to Julie's postings; they are very clear (as you would expect from the chair of the constitution and governance review sub-committee!).
by Robert Stern
Fri Mar 25, 2016 6:14 pm
Forum: ECF Matters
Topic: April 2016 Council meeting
Replies: 468
Views: 24277

Re: April 2016 Council meeting

You are right.The successor does only serve as many years as are left. This is the effect of the first sentence of article 58. The position in relation to appointments between AGMs is unchanged. Such an appointment would need ratification at the next AGM under article 57. As regards undirected proxi...