Not necessarily true.. if they are cleaning the decks to run a more professional organisation, then this could be a good strategic move - however I don't think it applies to hbg
HBG, Independent Directors Sacked
- Thread starter BlackWhiteGold
- Start date
So which stadiums would you have not signed on with? Leichardt? Campbelltown? Commbank?
Do they deserve it? The NRL owns the wests tigers brand and thats where the money is.. so maybe there should be NRL directors on the board instead?
weststigers
Well-known member
One thing is clear.
The findings of the review, which:
- recommended an independent board
- was implemented and agreed to by HBG,
has now been changed to majority HBG board. Fact.
Regardless of the detail and who was right or wrong in this instance:
- HBG have not maintained their commitment to an independent board.
I would understand if they replaced independent with independent, but they have taken control by sacking the independent board members - O'Farrell has agreed to come back. The others not so keen understandably.
That is fact. There is nothing Chad or anyone else can say that refutes that. If HBG install a new set of independent board members with a majority, I will take it back and cheer.
This is the part that seems to be ignored in favour of discussing the politics of it all.
The findings of the review, which:
- recommended an independent board
- was implemented and agreed to by HBG,
has now been changed to majority HBG board. Fact.
Regardless of the detail and who was right or wrong in this instance:
- HBG have not maintained their commitment to an independent board.
I would understand if they replaced independent with independent, but they have taken control by sacking the independent board members - O'Farrell has agreed to come back. The others not so keen understandably.
That is fact. There is nothing Chad or anyone else can say that refutes that. If HBG install a new set of independent board members with a majority, I will take it back and cheer.
This is the part that seems to be ignored in favour of discussing the politics of it all.
Could the NRL integrity investigation into Richardson played a part in his resignation?
Has this issue been resolved?
cochise
Well-known member
Doesn't that mean they weren't well functioning to begin with?
cochise
Well-known member
There are other of the independents returning.
Organisations that vere offcourse can get back on track with the right leadership, which might include the culling of the old guard. It would be unfair to assume that businesses cannot be turned around because they have been dysfunctional in the past.
I dont think this is the case with HBG though, their decisions make no sense.
Hammertime hit the nail on the head - Richo was likely too fast paced and wasnt about sitting around waiting for stuff to happen. He is the sort of guy we needed to get the club back on course. I think Shaun seems like a good guy, but he's no richo.
cochise
Well-known member
So they do that because they weren't functioning in the first place.
weststigers
Well-known member
Are we sure about that? I know they were invited back, but there is one that refuses...I thought the others were "considering".
cochise
Well-known member
Yes, there is at least one other returning.
Is Charlie Viola returning ?
I am not sure what point you are trying to make. Do you not think that organisations can improve their functionality by making the right changes?
cochise
Well-known member
My point is, only poorly performing organisations have that level of turnover at the governance level.
Sure. But with the right changes, some organisations can turn things around.
tigertragic
Well-known member
I’m sure organisations can bring in better quality members, however, HBG is limited to having a majority board of debenture holders, who have become debentures holders thru a closed shop selection process. Therefore I think you will find any new debenture holders will have an existing ‘alignment’ with HBG.
Thus limiting any possible improvement or direction moving forward.
Jolls
Well-known member
While I think that is correct at HBG level I don't think is has to be at WT level. They could choose to appoint a number of board members that are selected from within the HBG membership based on the skills that they hold. Of course they can do the exact opposite as well so only time will tell.
The end result is that we need a board that has the interests of Wests Tigers at its core. I personally don't care if they are HBG or independent - as long as they have the skills required and are looking after the best interests of WT as opposed to other factions.
We, the unwashed, don't know what we don't know. However, based on the statement by BOF we can assume that HBG have been given some clear direction from the NRL regarding actions they could take if HBG continues its malevonent behaviour.
I trust that this is enough for HBG to step back a little and focus on what's best for Wests Tigers as opposed to the wants of a few debenture holders.
I agree 100%.
mike
Well-known member
You can only go on history as history is a pretty good indicator of the future. For me history has shown that HBG cannot run a football club to success. They are great at running poker machine clubs, football clubs are entirely different.
tig_prmz
Well-known member
I think the most important thing is that they need to have connections that are willing to invest $$$ in WT and happy to be repaid in exposure/ branding.
I honestly want to know how other NRL clubs function.
Do other club owners distribute some profits to the shareholders? If they don't, are shareholders allowed to borrow against the equity of a Club?
We need money and if no one can take any money out of WT, then why would anyone put money in?
The Board, the CEO, the owners etc.. they're not the issue. It's the structure.
Our main accomplishment in the last decade has been the CoE which was built through state funding.
I understand every NRL club relies on funding and many would go broke without it.
I don't know what the answer is obviously.
