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If Sandy Easdale does leave can't they just replace him with a new director pre the EGM who can't be removed at it?

 

I've heard that they can't appoint any more directors in the run up to the EGM, but I'm not sure whether that's correct or not.

 

However one new appointment wouldn't be a problem. as it would be 3-1 post AGM and that person could be removed by the new directors, I believe. 3 (or more) new appointments would create an issue, but I'm not sure how possible that it.

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According to Ian McDonald, of the Chancery Lane corporate law specialist Lewis Silkin, there is no barrier to another director being installed before next Friday – and nothing that King can do to stop such a move. “The existing board can appoint a new director now,” said McDonald.

“Any new director’s appointment will last until the next AGM [not the next EGM]. The shareholder who requisitioned the meeting cannot substitute the name of the new director for that of James Easdale in the resolutions proposed at the March 4 EGM.

“However, there is nothing to stop the relevant shareholder requisitioning a further meeting at which they seek to remove the new director. You can see that this process quickly becomes an administrative burden.

 

 

http://www.telegraph.co.uk/sport/football/teams/rangers/11438803/Suspicions-remain-over-pragmatic-solution-to-Easdales-exit-strategy-at-Rangers.html

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Maybe too much fineprint, but "Ashley" or rather SD can according to the deal "nominate" up to two directors of their choice. Does "nominating" actually mean that these nominees have to be accepted by those in power at the said moment and time?

 

Anyway, anything that will stop regime-change at Ibrox will deflect badly on anyone attempting it, and gives Ashley and SD more bad publicity. Who knows how much more they will want to get, not least as much of what they do is publicly regarded as heinous. Which in turn may thwart future SD deals with other partners.

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