Tuesday, 20 January 2015

VOX Scotland proposal to delete Clause 63: Board Directors having to stand down after 6 years, EGM, 7 February 2015

VOX Scotland (Voices of Experience) Clause 63: 

"A person who has served as a director for a period of 6 years shall automatically vacate office on expiry of that 6-year period and shall then not be eligible for re-election until a further year has elapsed"

Yesterday I was forwarded a VOX Email from 3 different people, about the Extraordinary Meeting and the Special Resolution, Clause 63, to be held on 7 February 2015 in the Grand Central Hotel, Glasgow. 

The letter attached said:

"As stated in the Memorandum and Articles of Association in order to pass a special resolution it must be passed by members representing not less than 75% of the total voting rights of eligible members.

Also within our Memorandum and Articles of Association, it notes for the avoidance of doubt, the reference to a 75% majority relates only to the number of votes cast in favour of the resolution as compared with the number of votes cast against the resolution, and accordingly no account shall be taken of abstentions or members absent from the meeting."

In other words the member has to be there to cast a vote.  However a member can nominate a proxy to attend in their place.  

I am happy to attend this VOX EGM as a proxy voter, if you are of the NO persuasion.  I think it makes sense to keep Clause 63.  Six years is more than enough for any person to be on the Board.  Please do let me know if you want me to be there in your place?

There is also mention of the topics "capacity, insight and diversity" to be discussed.  I have an opinion on these and would be prepared to speak out, adding my voice of experience to the mix.

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