Molly wrote:
And Blue Vain,
you are perfectly entitled to that opinion. In fact, I may even agree with you
What I think is important here though is that members who have not made up their minds about the Board do not rush into a decision just based on the fact that the membership have not been presented with a 'vision'. Instead, it is important that they make their own evaluations and ignore a lot of the emotive stuff which is being written on this site. The basis of their conclusions can then become apparent at the next AGM. I just want people on this site to do their own research, reach their own conclusions, and not base their decision on the input of TC'ers intent on pushing political agendas and creating mischief. That is my simple request.
Point accepted Molly but how exactly do you suppose we, the great unwashed masses do that research t6o make up our own minds? I accept your comments about the requirements of disclosure under corporations law but lets not forget that commercial organisations mostly exist in an environment where there may be consequences to any failure to disclose additional information to investors. Share price may drop, disillusionded major or institutional investors may dump their holdings. If their share price falls too low then they may come under threat of a takeover and we all know what happens to incumbent senior executives when a new mob takes over!!!!
There's the shareholder's association and ASIC keeping them honest. There are rules pertaining to when they can, and when they must release announcements, how they make those announcements, escrow arrangements etc etc etc. All in all a very regulated environment. A lot of the executives have their remuneration tied to earnings/share price whatever and it is in their interest to tell the right people, at the right time that they are heading in the right direction. There is a whole industry of stockbrokers and advisers that makes a living out of interpreting this stuff and selling the equivalent kind of research that you suggest that we do independantly on the Carlton Footy Club Board.
Personally I dont want to be negative but I think we are right to question the direction of the club and the reasons behind any lack of disclosure. If we were steaming ahead in the right direction why wouldnt Collo and others want to sing it from the top of the Great Southern Stand. OK we might be meeting the minimum requirements of Corporations Law, but why are we stopping there. CFC sells a product that is based on hope, dreams and emotion and we are hiding behind the the Corporations Act?
There has to be a reason, saying the media is bad, just trust us , she'll be right mate!!! Just doesnt cut it! Arent we supposed to be intelligent, critical and questioning? What was the popular opinion like when George Dubbya tried this approach on Iraqi WMD's? As a member I dont need to know our detailed plans any more than Patrick Smith or Caroline Wilson does, but it would inspire some confidence in me if i had more to place my faith in than 'she'll be right mate'. This attitude that the media hates us, we all dont know the real story, stick with us and it'll be OK is wearing very thin!!
Bottom line is that I cannot do the research that you suggest because I dont have the information to make an informed decision. I am suspicious why this information is being witheld and that therefore erodes my confidence in the club. I voted for Lee and Clarke, mostly because I havent seen anything to inspire confidence in the current incumbents. Give me an insight, plan or any other kind of confidence and I might have faith in the plan. At the moment I'm being asked to make decisions in a vaccum so I'm taking a punt on something new!!!