WXF
Active member
- Joined
- Apr 2, 2004
- Messages
- 1,282
Yes, unlike Trust members, shareholders get to speak at the club's AGM which, in contrast to the Trust's AGM, should be attended by all the club's directors. They might potentially make a bigger impact there than through the Trust, or they could join the Trust and seek to influence through both channels. Some clubs have minority share holders who invest in them and take an active role. I imagine a fit and proper person willing to invest a sufficiently large sum, including a minority share holder, could join the club board. The Trust doesn't preclude this as possibility. So again, I don't understand why the Trust is held to such a high standard that, despite being the club's best ever shareholder, this is apparently still not good enough, while zero expectations are placed on the other shareholders. The double standard applied to the Trust is perverse.Most private shareholders (generally individual fans with one share passed down from grandad) in Exeter City own one nominal share and lets give this some context the highest minority stake is iirc 5%. The only say they have in Exeter City or any other private business is to speak at the Club's AGM. This carries less weight than you or I attending the Trust AGM and making a proposal to the AGM which could lead to meaninful change for our £24 a year. The only way a minority shareholder in Exeter City at this present time could put his money where his or her mouth was would be to make the Trust an offer to purchase a % shareholding which reduces the Trust shareholding to under 50%. Company law precludes those individuals from otherwise haveing any more say than as I say attending the Club AGM.