EGM Decision

[Alan Craig]

A note of the meeting that took place on 5th July @ The Corn Exchange Edinburgh

33 members of Scottish Snooker Ltd were represented, either in person or by proxy. 11 guests were also in attendance

Apologies were received from Paul Marinello (on holiday) and Bobby Cruikshanks (working)

In the absence of any directors of Scottish Snooker Ltd, the meeting was monitored by Alan Craig and Alan McCabe

In the light of allegations made by Stevie Baillie, in the membership pack, regarding the validity of signatures on the EGM request, it was agreed to postpone the EGM to a future date, to allow the allegations to be investigated and clarification obtained.

It was noted that the EGM could be held any time within 3 months from 9th June.

It was then agreed to carry on with an open discussion:-

Various areas of concern were highlighted and discussed regarding the current board of directors, including breaches of the Companies Act, the Articles of the company, disregard of fiduciary duties, corruption of the voting process at the last AGM and mismanagement of the company’s financial affairs.

The 07/08 accounts provided the major cause for concern in that they did not record major liabilities. It was also noted that the company was insolvent at that time with no assets to cover the debts. It was also noted that the members had not been informed of those liabilities at the last AGM.

After extensive discussion and interaction it was unanimously agreed that Stevie Baillie and the 6 other directors in question should be held accountable.

It was agreed that every effort should be made to remove them by legal and democratic means as soon as possible including:-

• Providing information requested by Companies House investigation branch
• Making a formal complaint to Strathclyde CID
• Taking legal action under section 994 of the Companies Act
• Reconvening the EGM.

All of the members present declared that they would also boycott membership renewal until the current board was removed.

Alan McManus was in attendance and speaking for himself and John Higgins, affirmed that they would not provide any support to Scottish Snooker Ltd while Stevie Baillie and 6 other directors were in office.

The meeting closed at 4.30 and appreciation was extended to Mr Bert Demarco for providing the facilities for the meeting.

THIS THREAD IS CLOSED.

FOLLOW THE FORUM HERE