TheEnz
Well-known member
Methinks a few got extra bold when they thought their feathered wet dreams may be coming true.
HBG, Independent Directors Sacked
- Thread starter BlackWhiteGold
- Start date
Tom Shines
Well-known member
I’m sure Barry will comment tomorrow if this is a lie
TigerNeddyK I’ll give you a life lesson.
Nobody is going to tell you everything you want to hear..
ASIC have the power to investigate directors if they have breached. It is the only thing directors fear. It has real conseqeunces. Every company director is regualted by ASIC because of the Corps Act.
Will it put in an administrator. No.
If there are breaches - will that give the NRL and Liquor Gaming body reason to step in and put in an administrator. YES.
Right now -- they are stuggling to find a legal reason to do it.
If ASIC find breaches - it will give the NRL and Gaming Body the excuse to take over.
That's a fact.
It will also show directors of HBG - present and future that Wests Tigers fans will not allow them to do what they want without real cause. Not some PR campaign - but applying the law which they face.
NONE of them would expect this. But they will all fear it.
Tom Shines
Well-known member
A couple of others in the closet outed themselves too,,,
weststigers
Well-known member
I should say about Vicious...for all the shit I've given him he has been nothing but respectful in return which always makes me feel bad.
I think you're alright @Vicious
Agree. Hbg put back in their box and likely to flick Dennis. Benji with an extension, which will appease the playing group. Besides how comical this all is, remarkably looks like we are going to be fine
weststigers
Well-known member
They are not a Pty Ltd...they are a registered club in NSW.
Tom Shines
Well-known member
He does push some pretty dud players though that he thinks the Tigers should sign …🤔
I was ok with your post till you left this little nugget at the end...
What did Richo get out of us that wasn't agreed to in a contract?
All good champion.
Contrary to what a few people might want to believe, I’ve been around the block a few times.
Holman Barnes Group’s legal entities (e.g., Western Suburbs Leagues Club Ltd, Wests Ashfield Leagues Club Ltd):
- Are public companies limited by guarantee
- Hold ACNs and ABNs
- Must comply with the Corporations Act 2001 (Cth)
- Must comply with
- Directors’ duties (s180–184)
- Reporting obligations
- Governance standards
ASIC regulates:
✔ Directors’ duties
✔ Improper purpose / misuse of position
✔ Fraud, dishonesty, misleading conduct
✔ Conflicts of interest
✔ Mismanagement that affects the corporate entity
✔ Breaches of the Corporations Act
So yes, ASIC absolutely has power if the concerns relate to:
- The board’s decision-making
- How directors used their position
- Whether duties were met
- Whether corporate processes were followed
Even though it’s a “club”, it is still a company.
TheEnz
Well-known member
If there was more substance to the investigation they wouldnt need to blow up the independents to get rid of him. Could have avoided this whole shitshow.
weststigers
Well-known member
I don't deserve that grace, but it's appreciated and shows some class.
We can all learn something even from those we disagree with.
Well he’s walked away with 1.5 million hasn’t he ?
He received hundreds if not thousands of emails from Wests Tigers fans offering their support and as far as I’m aware, I don’t think he replied to anyone.
I’m sorry if you don’t want to hear it, but I don’t think he gave a flying you know what about Wests Tigers.
weststigers
Well-known member
Hard to disagree Tom
The thought crossed my mind too.
But then I had to assume they were smart and strategic.
So I lost the thought 😅
TigerNeddyK
Well-known member
one back at ya vicious,, some people need to listen more and talk less, especially when they dont know what they are talking about….also people that matter don’t chatter and people that chatter do not matter