Jim1955 12 Posted October 17, 2011 Share Posted October 17, 2011 I am gutted that John Greig has resigned as a Director at Rangers. 52 years service to our club. He will be missed. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 17, 2011 Share Posted October 17, 2011 (edited) Yes, it is. At least under the Companies Act definitions. So by legal definition it's ok, but would it not be considered unusual for a company the size of Rangers Football Club to essentially only have it's owner and his lapdog acting as the companies board of directors? I'm just trying to get my head around why so many board members have either been removed or resigned and none of them replaced. Edited October 17, 2011 by Zappa 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 17, 2011 Share Posted October 17, 2011 There has been no formal notification that either Russell and Smith are in fact actually directors. I thought Gordon Smith had been formally announced as "Director of football"? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted October 17, 2011 Share Posted October 17, 2011 I thought Gordon Smith had been formally announced as "Director of football"? Director of football isn't the same as either an executive or non-executive director. Changes in Directorships have to be announced to the market, hence the changes http://www.plus-sx.com/companies/plusCompanyDetail.html?securityId=10824 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 17, 2011 Share Posted October 17, 2011 Director of football isn't the same as either an executive or non-executive director. Changes in Directorships have to be announced to the market, hence the changes http://www.plus-sx.com/companies/plusCompanyDetail.html?securityId=10824 Right, so given that King and Betts were (and presumably still are) non-executive directors, that would mean that the company no longer has any executive directors other than Whyte himself? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted October 17, 2011 Share Posted October 17, 2011 Right, so given that King and Betts were (and presumably still are) non-executive directors, that would mean that the company no longer has any executive directors other than Whyte himself? It would appear so yes, not exactly the paragon of the Cadbury Code of Practice is it ? 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted October 17, 2011 Share Posted October 17, 2011 Nice to see the BBC has managed to turn this story into Rangers will run out of money in a few weeks. Not looking forward to this programme on Thursday. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted October 17, 2011 Share Posted October 17, 2011 Nice to see the BBC has managed to turn this story into Rangers will run out of money in a few weeks. Not looking forward to this programme on Thursday. If it's not true I'm sure Whyte will sue the BBC eh? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 17, 2011 Share Posted October 17, 2011 It would appear so yes, not exactly the paragon of the Cadbury Code of Practice is it ? Not quite sure about Dave King though. Did he remain a non-executive director after his large investment? 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted October 17, 2011 Share Posted October 17, 2011 So by legal definition it's ok, but would it not be considered unusual for a company the size of Rangers Football Club to essentially only have it's owner and his lapdog acting as the companies board of directors? I'm just trying to get my head around why so many board members have either been removed or resigned and none of them replaced. Unusual perhaps Zappa, but doesnt necessarily mean people should be suspicious either. I have only come across companies with one or two directors in private companies. Public companies tend to have larger boards - it would be hard to have Board committees with only 1 or 2 board members. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.