SMH Article 'We’ve lost faith in them’: Balmain consider shock exit from Wests Tigers merger

[jrtiger]

I think the only thing Wests Tigers supporters (not Wests or Balmain) should be worried about is the review not being implemented and the old HBG crew getting back together to stifle any recent/future progress. Just implement the review as approved.

absolutely right.

and I am very, very worried.

 

[cktiger]

The Northern eagles ditched the bears pretty quick. Why Shouldn't Wests ditch the Tigers they're paying the bills, Let Balmain merge with someone else.

You do know that originally Balmain could have let Western Suburbs merge with somebody else... but no one wanted them?
Kids now follow the Tigers... not the Magpies.

 

[Telltails]

This is degenerating into an unhealthy debate if people here are committed about moving forward as WTs.

 

[tigertuff]

If these so called 4 independent directors are appointed, who has the power to remove them if they are no good. More importantly, who is appointing them?

 

[Tiger-ferret]

Can someone please explain to me why the ‘tigers brand’ is considered to be so superior to anything else? Did someone just make this up because I just don’t see why it should be.

Tigers eat magpies

 

[gallagher]

This is degenerating into an unhealthy debate if people here are committed about moving forward as WTs.

You only have to scratch the surface a little.

 

[cochise]

If these so called 4 independent directors are appointed, who has the power to remove them if they are no good. More importantly, who is appointing them?

They will be appointed by an external recruitment agency based on the skills matrix.

 

[liltiger]

They will be appointed by an external recruitment agency based on the skills matrix.

Cochise is there any inside info you could give us. I'm like the vast majority of supporters here I want the recommendations supported and implemented in full. Not for Wests not for Balmain but for my Wests Tigers. Any idea if there is any truth that the board members may not bring in a further 4 independent board members.

 

[BZN]

There doesn't seem to be much rotation of personnel on the HBG board, and that's an issue in itself. Romero and Burgess are debenture holders along with 3 other board members. So they're not member elected and remain there because they paid to be there. Only two board members are member elected, and most likely are re-elected unless others are nominated and are bothered to be prominent in a campaign.

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I don't understand what you mean when you say, "they paid to be there".

 

[cochise]

I don't understand what you mean when you say, "they paid to be there".

They are debenture holders.

 

[Kaito]

Debenture Directors The Debenture Director shall not be liable to retire by rotation or be removed by the Company. The trust deed may contain such ancillary provisions as may be arranged between the Company and the trustees.

I may have missed it but who put Dennis & Romero
on the board as debenture directors, I'm just curious?

Edit: they're holders not directors my bad

 

[cochise]

Debenture Directors The Debenture Director shall not be liable to retire by rotation or be removed by the Company. The trust deed may contain such ancillary provisions as may be arranged between the Company and the trustees.

I may have missed it but who put Dennis & Romero
on the board as debenture directors, I'm just curious?

Edit: they're holders not directors my bad

They are Debenture Holders but their role as directors of HBG are as representatives of the Debenture Holders

 

[Kaito]

They are Debenture Holders but their role as directors of HBG are as representatives of the Debenture Holders

Wow, I think I get it all now thanks bro. Interesting.

 

[finnzo]

So is Denise the menace back on the west tigers board?

Who’s is currently on the west tigers board

 

[Kaito]

Don't understand how anyone saw Julie Romero
and Dennis Burgess fit 2 B debenture holders/directors

 

[cochise]

So is Denise the menace back on the west tigers board?

Who’s is currently on the west tigers board

Barry O'Farrell, Dennis Burgess, Danny Stapleton and Steve Montgomery

 

[cochise]

Don't understand how anyone saw Julie Romero
and Dennis Burgess fit 2 B debenture holders/directors

Would have to ask the other 18 debenture holders.

 

[Kaito]

Would have to ask the other 18 debenture holders.

Genuinely didn't know we had so many holders when
a debenture trustee would make more sense imo.
It's a bit povo raising capital like that, creates problems

 

[Kaito]

Mind you I know sweet fa about corporate governance

 

[cochise]

Genuinely didn't know we had so many holders when
a debenture trustee would make more sense imo.
It's a bit povo raising capital like that, creates problems

I think it was originally set up to raise capital but now appears to be used as a way to maintain control of the club.