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   Inter star open to West Ham switch [24th Feb 2017]
   arrow   Young Bilic - a blast from the past! [video] [24th Feb 2017]
   arrow   Carroll, Noble, Bilic & Reid : Friday's news [24th Feb 2017]
   arrow   The wizards of Oz: West Ham planning summer tour [24th Feb 2017]
   arrow   Hammers target on the move, says Aulas [23rd Feb 2017]
   arrow   Sling them out, says Hurst [23rd Feb 2017]
   arrow   Zaza, Oxford, Brady & Bilic : Thursday's news [23rd Feb 2017]
   arrow   Zaza scores a beaut - against Real [video] [22nd Feb 2017]
   arrow   IOC executive hails Olympic Stadium legacy 'plan' [22nd Feb 2017]
   arrow   West Ham below Wigan in latest UEFA rankings [22nd Feb 2017]



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
Bilic: Allardyce did a great job for West Ham
Slaven Bilic has urged West Ham supporters to give former manager Sam Allar...more
Three Years Ago
Bishop: the truth about Morley
Former West Ham United star Ian Bishop has revealed the full details of what really happened on the ...more
Five Years Ago
West Ham Utd v Crystal Palace: half time report
It's been a rather uninspiring opening 45 minutes at the Boleyn in the lunchtime clash with Crystal ...more