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Re: Statement from the Supporters Co-Op Steering Group

By VoR8/2 01:10Thu Feb 8 01:10:44 2024In response to Re: Statement from the Supporters Co-Op Steering Group

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For me, it is not about whether the Directors are paid or not, it is the fact that they will take the corporate responsibility for any financial problems incurred if the CIC fails.

If the same people are involved who were responsible for the demise of Boro Leisure, IMO that would be a concern to me, I am not one for finger-pointing at LW, for me what has happened there is a collective responsibility.

I would be far happier if the CIC was limited by shares, because the shareholders would appoint the Directors & would have the power to remove people who were not performing & appoint new Directors.

In that regard, there is already a CIC in place that Dan has said will be handed over to the Co-op in its entirety & more importantly that CIC must have already passed the necessary tests & scrutiny in its formation.

Just my thoughts!