Text  Larger | Smaller | Default

NewsNow

EGM: Board suffer 'no confidence' vote


Filed: Thursday, 29th May 2003
By: Graeme Howlett


Hammers chairman Terry Brown was given a clear message of 'no confidence' from supporters at today's EGM - despite the resolutions at the heart of the meeting being passed.

The resolutions - mainly to remove the club's existing borrowing limit, and to remove the cap of renumeration for non-executive directors were carried as expected, by 16,367,912 shares for to 224,019 against.

However in terms of number of heads present the board suffered an embarrassing defeat. Although the club chose not to allow shareholders to vote with the usual show of hands (prefering to count the votes during the recess) it is estimated that for every individual vote in favour of the resolutions there were, at the very least, 10 against - representing a huge vote of 'no confidence' in the board from those shareholders present.

Brown, speaking on whufc.co.uk this afternoon (Thursday) not surprisingly saw the result somewhat differently:

"I would like to thank our shareholders for attending today’s EGM and for their overwhelming support for the resolution to adopt the new Articles of Association," he said. "To have received 98.65% support for the resolution, and just 1.35% against, at the end of a difficult season is very much appreciated."

However, as already explained, the 98.65% he refers to actually equated to a tiny minority of shareholders present today.

Although the board may be claiming victory they will no doubt be concerned by the huge numbers that voted against the amendments by way of protest against the board, and their recent handling of the club.

We'll have more from today's AGM in due course ...





Related News

   arrow   Noble, Ogbonna, Randolph & Bilic: Friday's news [24th Jun 2016]
   arrow   Boleyn left in sorry state [23rd Jun 2016]
   arrow   Oxford, Smalling, Zaza & Collison: Thursday's news [23rd Jun 2016]
   arrow   Duo clinch new contracts [22nd Jun 2016]
   arrow   Zaza agent set for talks [22nd Jun 2016]
   arrow   Exclusive: West Ham make Smalling enquiry [22nd Jun 2016]
   arrow   Hendrie leaves on season-long deal [21st Jun 2016]
   arrow   Ex Hammer loses cancer fight [21st Jun 2016]
   arrow   Payet, Smalling, Bilic & Feghouli: Tuesday's news [21st Jun 2016]
   arrow   West Ham's 'Insider' questioned [20th Jun 2016]



Your Comments


Please note that this section is for comments relating to the above news item only. Any off-topic or abusive posts will be removed. Posts including either links and/or foul language are automatically filtered and will not be published. To engage in further discussion on any of our news stories, visit the KUMB Forums.

Not a member of the KUMB Forums? You may register for free membership here.

comments powered by Disqus
 
News Image




On This Day ...

One Year Ago
Marseille blast West Ham in 'tapping up' row
Marseille have accused West Ham United of 'tapping up' Dimitri Payet, claim...more
Three Years Ago
Roeder returns - at Millwall
Former West Ham United manager Glenn Roeder has returned to football - as a scout for new Millwall m...more
Five Years Ago
Gold: signings soon
David Gold has confirmed that he expects West Ham to annunce some further signings shortly....more