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Members ask for re-think – Board to review ahead of AGM
November 23, 2009 By David Sherratt
The (Extraordinary) General Meeting, called to consider two resolutions, was held at Telford on November 21, to coincide with the 2009 Development Conference. The 90 Electors carried in excess of 7000 proxy votes, the greatest number of such votes registered for many years – just over 20% of the membership responded. In respect of Resolution 1, a presentation was made by The Chairman to explain the process, the rationale, concerns and the benefits; and there followed a lively debate prior to a ballot with the outcome being that the Resolution did not pass.
The Board, along with our advisor Alison Kennedy - Head of Corporate Engagement at Standard Life Investment - have taken on board the responses from members at the meeting and those from the 10 members who made contact in writing and email.
All of these points will be considered and reviewed to enable best practice and reform to be presented to the next General Meeting in April 2010.
The Board will appoint a Director to champion the ongoing consultation with you, the membership via this magazine, and the web-site. Resolution 2 was discussed and the meeting agreed for that to be withdrawn in order that further work could be done on the content.
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