Hopefully not !
my point is simply ..., take the health and safety at work regulations .... how many companies break them every day and don’t get prosecuted ? Loads
do we want to be like that no
does it happen yes
You keep making things up whilst not addressing the points I’m making
all I was saying is your formal approach to life doesn’t match reality as your speeding offences will testify ... you knew the law you broke it
I’m not so chill
but the lack of understanding you and jj have on how companies actually work and particularly small private ones is amazing
as we are talking many private companies are ignoring company law and nothing is happening
Super ....the point I have been struggling to get over is ....let’s imagine the club did something that was in contravention of company law .....so what ? How would it get raised and determined ? Actually with great difficulty and needing some cash ....
No you don’t get it
you say you are a shareholder did you get a vote or a say in removing Jlow ? No
my point is who would challenge it , how and how would they pay for it ?
im being practical ....you may be right in theory but if no one goes to court nothing happens .....yes ?
You really have missed the point ...I’m not proposing anything but describing the current situation
currently ( it’s nothing to do fan ownership that comes later ) the board have at least 55% of the shares .... they cannot be outvoted ....correct ?
is the proposal from Colin weir not to transfer his shareholding into a fans organisation and the trust could do the same
Boards of directors are responsible to shareholders and guess who the biggest one of those are ..... did you get consulted whe. Beattie and co changed the old board ? No
based on doesn’t mean slavishly following as we don’t need to raise the cash to buy shares
things have move on can’t you ?
Ok ....let’s imagine the board did in your opinion a bad thing ....what’s the remedy ? Who would raise it ? With 75 % of the share capital against you ....who does what And how ?
im being practical your being your normal legal theoretical self