The Institution added motion 1...
This Motion added by the Institution to our original 5 separate motions is an idea copied from a similar EGM held of late by another body and is a blatant attempt to overtake and confuse voters by offering one comprehensive solution to the complex matters raised by us.
The Trustees are ELECTED representatives by members to carry out supervision and control of the Institution, with priorities and strategies agreed from time to time with the membership at large
The CEO is RECRUITED to carry out on their behalf such tasks as may be needed to satisfy the above objectives in an efficient and professional way.
TO ATTEMPT TO BUNDLE THESE COMPLETELY DIFFERENT ROLES TOGETHER, EACH WITH QUITE DIFFERENT GUIDELINES AS STATED IN THE CHARTER AND RULES, ON A SINGLE VOTE BASIS SUGGESTS THE TRUSTEES THEMSELVES ARE MISGUIDED AND CONFUSED.
We are questioning the quality of the GOVERNANCE being exercised by the Trustees but feel that many of the shortcomings could be caused by the style of management and limited briefing the Trustees may have received from the C.E.O. WE ARE NOT SEEKING A TOTAL REPLACEMENT OF THE TRUSTEE BOARD.
A board should never get too close to its CEO IN CASE THEY LOSE THEIR OBJECTIVITY, especially when contentious issues are at stake.
We have realized that a small group of trustees plus the CEO are leading us down a path which is at odds with our short-term issues and absorbing considerable costs when there are greater demands for our cash. The Risk Profile of the Institution is too high for a time when we are facing unforeseen financial events, such as the Pension Fund Tri Annual review due in in 2018 and potential negative effects of Brexit on our commercial operations.
WE SUGGEST YOU AVOID THIS MOTION 1 UNTIL YOU HAVE READ THE CASE FOR THE MOTIONS 2 – 6.