HBG, Independent Directors Sacked

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What if all that hypothetically happened and HBG didn’t add another board member to make it not independant?
That would have been ideal.

But the 'owners' (let's just call them that without getting into the specifics of what HBG actually own etc seeing as how even the media portrays them as owners) felt that something untoward had gone down & took the opportunity to claim back control might have been the reasoning?

If HBG in charge is dodgy, why didn't the intervention of PVL change that?
 
100% correct again LT.
A great bit of detective work.

Yes...a senior Forum guy setting the example and followed by>>HBG will install a stooge they know they can control.
Many X 10 the amount of similar posts by various posters.
Keep up the good work.
Show these posts.

I will say now, I don't agree with what Spartan said but to say those comments are wide spread is a lie.
 
Mate there must have been 100 signs today that said.

Wests Tigers
Not Balmain
Not Wests

Can't get any clearer than that. And we have people talking about Balmain paraphernalia, the sign states our position beautifully.
It doesn't suit the conspiracy theory, so they'll gloss over that..
 
That would have been ideal.

But the 'owners' (let's just call them that without getting into the specifics of what HBG actually own etc seeing as how even the media portrays them as owners) felt that something untoward had gone down & took the opportunity to claim back control might have been the reasoning?

If HBG in charge is dodgy, why didn't the intervention of PVL change that?
Who are the HBG? Who is that actually owns the Wests Tigers?
 
Who are the HBG? Who is that actually owns the Wests Tigers?
In all honesty- as I've been saying all along- I don't understand the way the whole HBG thing 'works'.

However, they are nearly always portrayed as the 90% owners- be it through media or whatever.

Instead of the word 'owners', should I just refer to them as majority share holders?

Whatever terminology works- they clearly have the power to remove board members & CEO's. Whatever title THAT is- that is what HBG are.
 
It's not a fear of losing HBG, it's a matter of HBG holding on to what is rightly theirs and not let it be stolen by someone that has done nothing positive to deserve it.
Stolen? Rightfully theirs? Haha. And what exactly have HBG done to deserve it?

So you are now openly backing HBG and the directors who want to bring the magpies back and dismantle the joint venture aka tigers..

You've made this easy for all of us, thanks pal
 
Been trying to think of a partial solution to the governance of the Wests Tigers in the instance HBG do not relinquish its license or have it revoked?

Given media reports of the last few days citing PVL, it is probably long odds of the NRL appointing an administrator now or HBG selling/relinquishing its license.

So really we need to fight for a constitution & board structure that, i) protects & progresses the interests of the Wests Tigers first & foremost and also ii) promotes the interests of the license holder/s (HBG,WM,BT).

In terms of Board structure, this could be a solution that achieves the above ...

- 3 x independents (1 as appointed chairman, must meet skills matrix from Crawford/Barnier report)
- 2 x HBG representatives (proviso written in constitution is both must be the member-elected directors at HBG)
- 1 x WM rep
- 1 x BT rep
* There has to be a minimum of 2 women on the board I believe to meet NRL standards.

The important thing here is that the HBG reps are the member-elected non-debenture holders on its board. So in that way, there is a democratic process to fill this position on our WT board.

For a benefit of HBG, it gives Wests Tigers members an incentive to become members of Wests Ashfield and those members then have voting rights in these elections for the 2 positions (can vote once a member for 3 years).

Currently there are NO member-elected directors on the HBG board as the election was cancelled this year due to the supreme court action. Click this link to read. And this link for more info.

Furthermore, there can still be lobbying of Liquor & Gaming to change the governance of HBG but the above Board structure could be a solution for all parties.
 
Just over 54,000 homes with over 22,000 built, 568ha of open space, Leppington Station and town centre, upgrades to roads and 239ha of employment land. Add the Macarthur and Wilton growth areas, Narellan, Camden and Campbelltown and you start to appreciate the size of the area. Page 4 provides a Vision, Page 11 a detailed map.

The NRL needs to look at the delivery model for RL in this area as well as our traditional areas.

The new Western Sydney Aerotropolis is another massive growth area halfway between Campbelltown and Penrith. With an international airport, metro station and a new City Centre (Bradfield). Add in a stadium and major business sponsors. it might easily become WT future home.
 
In all honesty- as I've been saying all along- I don't understand the way the whole HBG thing 'works'.

However, they are nearly always portrayed as the 90% owners- be it through media or whatever.

Instead of the word 'owners', should I just refer to them as majority share holders?

Whatever terminology works- they clearly have the power to remove board members & CEO's. Whatever title THAT is- that is what HBG are.
So who are this group that are owners/ major shareholders of our club.

Is it the 20 debenture holders that paid $100 to run roughshod over our club?

Why should $100 give you the right to control a club I put $1000s into each year?
 
So who are this group that are owners/ major shareholders of our club.

Is it the 20 debenture holders that paid $100 to run roughshod over our club?

Why should $100 give you the right to control a club I put $1000s into each year?
At this point in proceedings, yes it is those guys.

Your point about why they should have control is akin to why should a mining magnate make billions while a miner makes thousands & does all the work?

Timing. Being in the right place at the right time? That put them in the position to be where they are now. I don't know.

Why ARE they in charge?

It seems the NRL, PVL, Balmain even are ok with it.

I don't know. I'd like to know.

If you know, I would like to know.
 
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Been trying to think of a partial solution to the governance of the Wests Tigers in the instance HBG do not relinquish its license or have it revoked?

Given media reports of the last few days citing PVL, it is probably long odds of the NRL appointing an administrator now or HBG selling/relinquishing its license.

So really we need to fight for a constitution & board structure that, i) protects & progresses the interests of the Wests Tigers first & foremost and also ii) promotes the interests of the license holder/s (HBG,WM,BT).

In terms of Board structure, this could be a solution that achieves the above ...

- 3 x independents (1 as appointed chairman, must meet skills matrix from Crawford/Barnier report)
- 2 x HBG representatives (proviso written in constitution is both must be the member-elected directors at HBG)
- 1 x WM rep
- 1 x BT rep
* There has to be a minimum of 2 women on the board I believe to meet NRL standards.

The important thing here is that the HBG reps are the member-elected non-debenture holders on its board. So in that way, there is a democratic process to fill this position on our WT board.

For a benefit of HBG, it gives Wests Tigers members an incentive to become members of Wests Ashfield and those members then have voting rights in these elections for the 2 positions (can vote once a member for 3 years).

Currently there are NO member-elected directors on the HBG board as the election was cancelled this year due to the supreme court action. Click this link to read. And this link for more info.

Furthermore, there can still be lobbying of Liquor & Gaming to change the governance of HBG but the above Board structure could be a solution for all parties.
This is actually a really good solution and easily implemented. I'd support that.
 
At this point in proceedings, yes it is those guys.

Your point about why they should have control is akin to why should a mining magnate make billions while a miner makes thousands & does all the work?

Timing. Being in the right place at the right time? That put them in the position to be where they are now. I don't know.

Why ARE they in charge?

It seems the NRL, PVL, Balmain even are ok with it.

I don't know. I'd like to know.

If you know, I would like to know.
Sorry paying $100 does not give yiu the right to ruin my club. That is why we are taking action.
 
At this point in proceedings, yes it is those guys.

Your point about why they should have control is akin to why should a mining magnate make billions while a miner makes thousands & does all the work?

Timing. Being in the right place at the right time? That put them in the position to be where they are now. I don't know.

Why ARE they in charge?

It seems the NRL, PVL, Balmain even are ok with it.

I don't know. I'd like to know.

If you know, I would like to know.
Government ownership is a better analogy for a licensed club. The debenture holders have no financial stake - they simply have a protection racket on power.

Mind you, this racket also gives them access to paid board positions to line theor own pockets from the money of the members they "serve".
 
At this point in proceedings, yes it is those guys.

Your point about why they should have control is akin to why should a mining magnate make billions while a miner makes thousands & does all the work?

Timing. Being in the right place at the right time? That put them in the position to be where they are now. I don't know.

Why ARE they in charge?

It seems the NRL, PVL, Balmain even are ok with it.

I don't know. I'd like to know.

If you know, I would like to know.
Government ownership is a better analogy for a licensed club. The debenture holders have no financial stake - they simply have a protection racket on power.

Mind you, this racket also gives them access to paid board positions to line theor own pockets from the money of the members they "serve".
 
Because their friends said they could become a debenture holder.
Right. I kind of get that.

But how are HBG able to sack board members & CEO's in this set up?

I call them 'owners' & get shot down by a bunch of you.

What are they? How do they hold this power? It's not lucky chance.
 
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