Footballfirst Posted December 16, 2018 Share Posted December 16, 2018 It's the club's AGM on Tuesday 18th December at 11am in the Gorgie Suite. (doors open at 10am) The business agenda is straightforward 1. To adopt the Accounts as the accounts of the Company for the year ended 30 June 2018. 2. To reappoint Thomas Eric Hogg, who retires by rotation, as a director of the Company. 3. To reappoint Craig William Levein, who retires by rotation, as a director of the Company. 4. To reappoint Johnston Carmichael as auditors of the Company, to hold office from the conclusion of the meeting to the conclusion of the next meeting at which accounts are laid before the Company. 5. To authorise the directors to determine the remuneration of the auditors. No special business is proposed. I guess there could be some questions on the schedule for completion of the new stand and its funding, but I suspect that there will be more questions about the team's performance and recruitment, for a change. There may also be some questions on the club's approach to unacceptable behaviour, and the contrast between the treatment of home and away fans. ================================================== The FOH AGM follows on Wednesday 19th at 6pm. (doors open at 5:15pm) Again the business agenda is straightforward, although we have votes in progress for elections to the FOH board, and the governance proposals 1. To consider the Company’s financial accounts for the year ended 30 June 2018, together with the directors’ report. The directors will present the report and accounts at the Meeting. Members will have received a copy with this notice of meeting. 2. To declare the result of the ballot to elect directors. and the governance proposals. After the conclusion of the AGM a separate General Meeting will follow, seeking to formally adopt the governance proposals. In the unlikely event that the FOH membership vote against the proposals, then I don't think that this GM will take place. A reminder for those still to vote on the FOH elections and governance. Foundation of Hearts @The_FOH Reminder that if you haven’t already voted on the governance proposals and the board elections, you have until 12.00 noon tomorrow (Monday). Thanks to everyone who has voted so far #createhistory Quote Link to comment Share on other sites More sharing options...
davemclaren Posted December 16, 2018 Share Posted December 16, 2018 Busy week. Quote Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted December 16, 2018 Share Posted December 16, 2018 Vote against 3. Quote Link to comment Share on other sites More sharing options...
davemclaren Posted December 16, 2018 Share Posted December 16, 2018 Just now, Toxteth O'Grady said: Vote against 3. You can do but it will still get passed. Quote Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted December 16, 2018 Share Posted December 16, 2018 Just now, davemclaren said: You can do but it will still get passed. Probably but he is wasting our money by signing duds and not getting the best out of the talent he has at his disposal Quote Link to comment Share on other sites More sharing options...
davemclaren Posted December 16, 2018 Share Posted December 16, 2018 1 minute ago, Toxteth O'Grady said: Probably but he is wasting our money by signing duds and not getting the best out of the talent he has at his disposal Eh, definitely given the voting rights of Ann and FoH. Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted December 16, 2018 Author Share Posted December 16, 2018 2 minutes ago, davemclaren said: You can do but it will still get passed. I haven't seen any communication from FOH to the membership asking how they should vote their 35% Quote Link to comment Share on other sites More sharing options...
davemclaren Posted December 16, 2018 Share Posted December 16, 2018 1 minute ago, Footballfirst said: I haven't seen any communication from FOH to the membership asking how they should vote their 35% Would you expect that before every agm? ? Raise it at the FoH agm...on Wednesday. Quote Link to comment Share on other sites More sharing options...
soonbe110 Posted December 16, 2018 Share Posted December 16, 2018 7 minutes ago, Footballfirst said: I haven't seen any communication from FOH to the membership asking how they should vote their 35% Yes, I wondered about that but presumed they will vote with the current owner. Anything else could cause a bit of a rift in their relationship at the wrong time. Quote Link to comment Share on other sites More sharing options...
soonbe110 Posted December 16, 2018 Share Posted December 16, 2018 20 minutes ago, Footballfirst said: It's the club's AGM on Tuesday 18th December at 11am in the Gorgie Suite. (doors open at 10am) The business agenda is straightforward 1. To adopt the Accounts as the accounts of the Company for the year ended 30 June 2018. 2. To reappoint Thomas Eric Hogg, who retires by rotation, as a director of the Company. 3. To reappoint Craig William Levein, who retires by rotation, as a director of the Company. 4. To reappoint Johnston Carmichael as auditors of the Company, to hold office from the conclusion of the meeting to the conclusion of the next meeting at which accounts are laid before the Company. 5. To authorise the directors to determine the remuneration of the auditors. No special business is proposed. I guess there could be some questions on the schedule for completion of the new stand and its funding, but I suspect that there will be more questions about the team's performance and recruitment, for a change. There may also be some questions on the club's approach to unacceptable behaviour, and the contrast between the treatment of home and away fans. ================================================== The FOH AGM follows on Wednesday 19th at 6pm. (doors open at 5:15pm) Again the business agenda is straightforward, although we have votes in progress for elections to the FOH board, and the governance proposals 1. To consider the Company’s financial accounts for the year ended 30 June 2018, together with the directors’ report. The directors will present the report and accounts at the Meeting. Members will have received a copy with this notice of meeting. 2. To declare the result of the ballot to elect directors. and the governance proposals. After the conclusion of the AGM a separate General Meeting will follow, seeking to formally adopt the governance proposals. In the unlikely event that the FOH membership vote against the proposals, then I don't think that this GM will take place. A reminder for those still to vote on the FOH elections and governance. Foundation of Hearts @The_FOH Reminder that if you haven’t already voted on the governance proposals and the board elections, you have until 12.00 noon tomorrow (Monday). Thanks to everyone who has voted so far #createhistory Would be interesting to hear how much we actually received for Lafferty as well as latest plans for stand. Not expecting much on new player front, too close to window opening and any negotiations likely to be at critical stage so confidentiality will need to be honoured. Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted December 16, 2018 Author Share Posted December 16, 2018 1 minute ago, davemclaren said: Would you expect that before every agm? ? Raise it at the FoH agm...on Wednesday. It's an odd situation in governance terms. I think there is actually a case for doing so, even as a box ticking exercise. FOH has of course said that it doesn't want to interfere with the running of the club, but that only relates to when FOH is the major shareholder and not at the moment when all it holds are voting rights over a minority of the shares (although a significant one). I happen to believe that FOH has gone too far in it's "arms length" approach, which has become more like "hands off". I'm sure that there will be some non day-to-day matters where FOH should be listening to the membership, but may choose not do so because of its approach. Quote Link to comment Share on other sites More sharing options...
McCrae Posted December 16, 2018 Share Posted December 16, 2018 23 minutes ago, Toxteth O'Grady said: Probably but he is wasting our money by signing duds and not getting the best out of the talent he has at his disposal Zzzzzz Quote Link to comment Share on other sites More sharing options...
King Of The Cat Cafe Posted December 16, 2018 Share Posted December 16, 2018 Ann would need her bulletproof underthings on after Friday itchy. Quote Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted December 16, 2018 Share Posted December 16, 2018 13 minutes ago, McCrae said: Zzzzzz Keep sleeping pal - If you wake up in a few weeks we will be in the bottom 6 and out the cup Quote Link to comment Share on other sites More sharing options...
davemclaren Posted December 16, 2018 Share Posted December 16, 2018 37 minutes ago, Footballfirst said: It's an odd situation in governance terms. I think there is actually a case for doing so, even as a box ticking exercise. FOH has of course said that it doesn't want to interfere with the running of the club, but that only relates to when FOH is the major shareholder and not at the moment when all it holds are voting rights over a minority of the shares (although a significant one). I happen to believe that FOH has gone too far in it's "arms length" approach, which has become more like "hands off". I'm sure that there will be some non day-to-day matters where FOH should be listening to the membership, but may choose not do so because of its approach. I think the reality is that FoH will only really 'listen' to its members in terms of who is elected to their board. It will be a representative democracy rather than a direct one. To be fair, given the apparent volatility of some supporters, that's not a bad thing. ? Quote Link to comment Share on other sites More sharing options...
Famous 1874 Posted December 16, 2018 Share Posted December 16, 2018 Can anyone go to the AGM? Like is it an open thing? Quote Link to comment Share on other sites More sharing options...
Jambo 4 Ever Posted December 16, 2018 Share Posted December 16, 2018 17 minutes ago, Famous 1874 said: Can anyone go to the AGM? Like is it an open thing? If you have shares Quote Link to comment Share on other sites More sharing options...
Threebs Posted December 16, 2018 Share Posted December 16, 2018 17 minutes ago, Famous 1874 said: Can anyone go to the AGM? Like is it an open thing? The AGM is for Shareholders. Quote Link to comment Share on other sites More sharing options...
jambogaza Posted December 17, 2018 Share Posted December 17, 2018 What's the turn out like for the AGMs? Haven't been to one but was thinking about going. Might not be able to though-is there still time to cast vote? Quote Link to comment Share on other sites More sharing options...
frankblack Posted December 17, 2018 Share Posted December 17, 2018 9 hours ago, Toxteth O'Grady said: Keep sleeping pal - If you wake up in a few weeks we will be in the bottom 6 and out the cup The Scottish Cup fixture is over a month away, pal. Time to stop with the tantrums and support the club. Quote Link to comment Share on other sites More sharing options...
Selkirkhmfc1874 Posted December 17, 2018 Share Posted December 17, 2018 Not making AGM this year's because wee man's Christmas play at the school but would expect some questions on Stand being completed, fans being banned and possibly one or two on results Quote Link to comment Share on other sites More sharing options...
Yoda Posted December 17, 2018 Share Posted December 17, 2018 (edited) I attend the AGM every year and they are a really good experience. The Gorgie Suite is usually fully and there's the opportunity to ask questions directly to anyone of the directors including Craig Levein. I thought Craig would have got it tighter last year on the back of the Cathro disaster, but he put his hands up, took full responsibility and said he'd fix it. Wonder how it will go this year? Edited December 17, 2018 by Yoda Quote Link to comment Share on other sites More sharing options...
Section Q Posted December 17, 2018 Share Posted December 17, 2018 1 hour ago, Yoda said: I attend the AGM every year and they are a really good experience. The Gorgie Suite is usually fully and there's the opportunity to ask questions directly to anyone of the directors including Craig Levein. I thought Craig would have got it tighter last year on the back of the Cathro disaster, but he put his hands up, took full responsibility and said he'd fix it. Wonder how it will go this year? No doubt he'll save the day by waxing on about the young talent coming through and the great contribution of the country's best supporters......? Quote Link to comment Share on other sites More sharing options...
luckydug Posted December 17, 2018 Share Posted December 17, 2018 1 hour ago, Yoda said: I attend the AGM every year and they are a really good experience. The Gorgie Suite is usually fully and there's the opportunity to ask questions directly to anyone of the directors including Craig Levein. I thought Craig would have got it tighter last year on the back of the Cathro disaster, but he put his hands up, took full responsibility and said he'd fix it. Wonder how it will go this year? Last year's AGM was held just after we had thumped Celtic 4-0. Therfore the mood was lighter than it would have been a couple weeks previous. I expect the shareholders will be looking for answers this time. It could be interesting. Quote Link to comment Share on other sites More sharing options...
graygo Posted December 17, 2018 Share Posted December 17, 2018 3 hours ago, Yoda said: I attend the AGM every year and they are a really good experience. The Gorgie Suite is usually fully and there's the opportunity to ask questions directly to anyone of the directors including Craig Levein. I thought Craig would have got it tighter last year on the back of the Cathro disaster, but he put his hands up, took full responsibility and said he'd fix it. Wonder how it will go this year? He pretty much has fixed it. Quote Link to comment Share on other sites More sharing options...
Phil Dunphy Posted December 17, 2018 Share Posted December 17, 2018 9 minutes ago, graygo said: He pretty much has fixed it. Good lord. Quote Link to comment Share on other sites More sharing options...
luckydug Posted December 17, 2018 Share Posted December 17, 2018 4 minutes ago, Phil Dunphy said: Good lord. We could do with his help ☺ Quote Link to comment Share on other sites More sharing options...
Phil Dunphy Posted December 17, 2018 Share Posted December 17, 2018 3 minutes ago, luckydug said: We could do with his help ☺ He could do with some help too. Quote Link to comment Share on other sites More sharing options...
old school tie Posted December 17, 2018 Share Posted December 17, 2018 Can somebody ask Budge and Levein how much they pay themselves? Quote Link to comment Share on other sites More sharing options...
Francis Albert Posted December 17, 2018 Share Posted December 17, 2018 Looking forward to simple summary of scope and cost variance between the £11m and £18m estimates. What vs the original estimate has been added (eg the Fans bar) and subtracted (eg a replacement for the Gorgie Suite) with a breakdown of the impact on costs of these changes and of other cost movements. The Finance Director will have this all at his finger tips from previous board presentations. Quote Link to comment Share on other sites More sharing options...
davemclaren Posted December 17, 2018 Share Posted December 17, 2018 11 minutes ago, old school tie said: Can somebody ask Budge and Levein how much they pay themselves? Directors emoluments are usually in the accounts anyway. Quote Link to comment Share on other sites More sharing options...
jambali Posted December 17, 2018 Share Posted December 17, 2018 14 hours ago, davemclaren said: You can do but it will still get passed. Indeed it probably will. Just like when the small shareholders were outvoted in Vlad's day. Nothing to do with recent results, but I feel that while it was understandable to have a DoF on the board, someone who is fulfilling the role of manager/head coach shouldn't be. Quote Link to comment Share on other sites More sharing options...
graygo Posted December 17, 2018 Share Posted December 17, 2018 1 hour ago, luckydug said: We could do with his help ☺ He had it pretty much fixed a few weeks ago when we were flying high at the top of the league. Only a blinkered person would deny that injuries have scuppered things, we don't have the finance available to cover such a lengthy injury list. Quote Link to comment Share on other sites More sharing options...
soonbe110 Posted December 17, 2018 Share Posted December 17, 2018 1 hour ago, Francis Albert said: Looking forward to simple summary of scope and cost variance between the £11m and £18m estimates. What vs the original estimate has been added (eg the Fans bar) and subtracted (eg a replacement for the Gorgie Suite) with a breakdown of the impact on costs of these changes and of other cost movements. The Finance Director will have this all at his finger tips from previous board presentations. You obviously were not at them - Finance Director is female. Keep up with things FA! Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted December 17, 2018 Author Share Posted December 17, 2018 1 hour ago, old school tie said: Can somebody ask Budge and Levein how much they pay themselves? The accounts confirm that the highest paid director received £141k, and that the total received by the two directors who qualified for payment amounted to £221k. (see note 7). Quote Link to comment Share on other sites More sharing options...
Independence Posted December 17, 2018 Share Posted December 17, 2018 16 hours ago, Toxteth O'Grady said: Probably but he is wasting our money by signing duds and not getting the best out of the talent he has at his disposal ? Gie it a rest! Quote Link to comment Share on other sites More sharing options...
Inch Hearts Posted December 17, 2018 Share Posted December 17, 2018 7 minutes ago, Footballfirst said: The accounts confirm that the highest paid director received £141k, and that the total received by the two directors who qualified for payment amounted to £221k. (see note 7). Does CL get paid for being director as well as being manager? Quote Link to comment Share on other sites More sharing options...
Glamorgan Jambo Posted December 17, 2018 Share Posted December 17, 2018 13 minutes ago, Inch Hearts said: Does CL get paid for being director as well as being manager? He was aways paid for his DOF role. I highly doubt that they'd split up his salary between what he gets for being coach/DOF and a board director. Besides 140K is way too high for a non executive director even at the largest companies. Quote Link to comment Share on other sites More sharing options...
Inch Hearts Posted December 17, 2018 Share Posted December 17, 2018 2 minutes ago, Glamorgan Jambo said: He was aways paid for his DOF role. I highly doubt that they'd split up his salary between what he gets for being coach/DOF and a board director. Besides 140K is way too high for a non executive director even at the largest companies. Yeah I understand that part, it would be interesting to see the split. Quote Link to comment Share on other sites More sharing options...
Pasquale for King Posted December 17, 2018 Share Posted December 17, 2018 16 hours ago, soonbe110 said: Would be interesting to hear how much we actually received for Lafferty as well as latest plans for stand. Not expecting much on new player front, too close to window opening and any negotiations likely to be at critical stage so confidentiality will need to be honoured. They’re not looking at signing anyone so there aren’t any negotiations. Quote Link to comment Share on other sites More sharing options...
Pasquale for King Posted December 17, 2018 Share Posted December 17, 2018 1 hour ago, graygo said: He had it pretty much fixed a few weeks ago when we were flying high at the top of the league. Only a blinkered person would deny that injuries have scuppered things, we don't have the finance available to cover such a lengthy injury list. Not when we waste money on Sammon, Martin, Mulraney, Amankwaa, Hughes, Maclean, Clare and Wighton we won’t. Quote Link to comment Share on other sites More sharing options...
McCrae Posted December 17, 2018 Share Posted December 17, 2018 16 hours ago, Toxteth O'Grady said: Keep sleeping pal - If you wake up in a few weeks we will be in the bottom 6 and out the cup Outwith Celtic no other club in Scotland has the squad depth to handle the injuries we have had to deal with. Quote Link to comment Share on other sites More sharing options...
wavydavy Posted December 17, 2018 Share Posted December 17, 2018 5 minutes ago, Pasquale for King said: Not when we waste money on Sammon, Martin, Mulraney, Amankwaa, Hughes, Maclean, Clare and Wighton we won’t. You missed out Edwards. ? Quote Link to comment Share on other sites More sharing options...
graygo Posted December 17, 2018 Share Posted December 17, 2018 6 minutes ago, Pasquale for King said: Not when we waste money on Sammon, Martin, Mulraney, Amankwaa, Hughes, Maclean, Clare and Wighton we won’t. All clubs sign players that you class as wasting money. ps, Clare and Wighton need time, they were not planned for the first team just yet but injuries have forced it. Quote Link to comment Share on other sites More sharing options...
Pasquale for King Posted December 17, 2018 Share Posted December 17, 2018 5 minutes ago, wavydavy said: You missed out Edwards. ? It’s hard keeping up, ta ? Quote Link to comment Share on other sites More sharing options...
wavydavy Posted December 17, 2018 Share Posted December 17, 2018 2 minutes ago, graygo said: All clubs sign players that you class as wasting money. ps, Clare and Wighton need time, they were not planned for the first team just yet but injuries have forced it. Every signing has an element of risk that's a given however the number of players CL has signed over his tenure in comparison to most clubs is excessive to say the least. Quote Link to comment Share on other sites More sharing options...
davemclaren Posted December 17, 2018 Share Posted December 17, 2018 4 minutes ago, wavydavy said: Every signing has an element of risk that's a given however the number of players CL has signed over his tenure in comparison to most clubs is excessive to say the least. How excessive in terms of numbers? Quote Link to comment Share on other sites More sharing options...
Pasquale for King Posted December 17, 2018 Share Posted December 17, 2018 4 minutes ago, graygo said: All clubs sign players that you class as wasting money. ps, Clare and Wighton need time, they were not planned for the first team just yet but injuries have forced it. Time for what? Have you ever seen a guy their age shoe so little at first and go onto to being a great player at Hearts? Maybe we should’ve spent the money on people who could contribute now, Dundee weren’t exactly fending off bids and were after Shankland before we bought him. Clare for all the press talk wasn’t seen as a worthwhile gamble for English clubs that were allegedly interested. Quote Link to comment Share on other sites More sharing options...
Pasquale for King Posted December 17, 2018 Share Posted December 17, 2018 Just now, davemclaren said: How excessive in terms of numbers? 102 in 4.5 years? How many clubs signed 18 players in the summer to the detriment of their academy graduates who CL was rightly praised for? Quote Link to comment Share on other sites More sharing options...
wavydavy Posted December 17, 2018 Share Posted December 17, 2018 3 minutes ago, davemclaren said: How excessive in terms of numbers? Could take me a while to work out there have been so many. Quote Link to comment Share on other sites More sharing options...
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