🏦 Acquiring a Holman Barnes Group Debenture
Holman Barnes Group (HBG), which operates Wests Ashfield Leagues Club and other venues, has a
limited debenture system that is primarily linked to the club's governance and the appointment of a majority of its Board of Directors.
How to Obtain a Debenture
Becoming a Debenture Holder is not an open application process but typically follows these steps:
- Limited Number: There is a constitutional maximum of 20 Debenture Holders at any time.
- Expressions of Interest (EOI): As debentures become available (due to a vacancy), the HBG Board calls for Expressions of Interest from suitably qualified General Members to fill the opening.
- Qualifications:The Group seeks General Members with a commitment to the club's culture and purpose, and expertise in areas such as:
- Financial acumen
- Strategic planning
- Business risk assessment
- Community engagement/networks
- Project management
- Selection and Appointment: A Debenture Holder Selection and Review Committee (which reports to the Board) is established to identify and recommend suitable candidates based on the recruitment criteria. The Board then appoints the new Debenture Holder.
- Prerequisite: You must first be an eligible General Member of the Holman Barnes Group (Wests Ashfield, Croydon Sports, or Markets Club).
When Debentures Become Available
A debenture only becomes available when one of the existing 20 Debenture Holders resigns or a vacancy otherwise arises.
- The process is not on a fixed schedule, but the Debenture Holder Selection and Review Committee often meets between March and June each year to review and recommend candidates if any vacancies exist.
- Ad hoc vacancies that arise outside of this period can also lead to the Board calling for Expressions of Interest.
The debenture system is a historical part of the club's constitution, which initially secured funds for the club's establishment. A key feature of the system is that
five of the seven Board positions must be filled by individuals holding a debenture, giving Debenture Holders significant influence over the Group's direction.
Would you like me to search for the
current membership application details for the Holman Barnes Group, as being a General Member is the first step?