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   West Ham Utd 0-1 Astra Giurgiu (1-2 on agg.) [25th Aug 2016]
   arrow   Hammers complete Fernandes deal [25th Aug 2016]
   arrow   Bilic, Burke, Collins & Valencia: Thursday's news [25th Aug 2016]
   arrow   Enner stays, Zaza set for loan move [25th Aug 2016]
   arrow   Hammers face League Two test [25th Aug 2016]
   arrow   Fernandes flying in [24th Aug 2016]
   arrow   Bilic confirms interest in strike duo [24th Aug 2016]
   arrow   New season tickets to be issued [24th Aug 2016]
   arrow   Burke, Antonio, Samuelsen & Bacca: Wednesday's news [24th Aug 2016]
   arrow   New deal for Samuelsen [24th Aug 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
Sullivan: we'll provide a terrific legacy at the Olympic Stadium
Co-owner David Sullivan insists that the Olympic Stadium - and its legacy -...more
Three Years Ago
Sullivan: we should have owned West Ham years ago
David Sullivan believes that he and partner David Gold should have owned West Ham United long before...more
Five Years Ago
Parker sale to herald further arrivals
Scott Parker's impending departure is set to signal a late push in the transfer market by West Ham....more