The Everton Shareholders' Association secured the mandate they needed frm their members to force a General Meeting under The Companies Regulations 2009 after failing to get the Board of Directors to voluntarily convene a meeting. Since the Board changed the Articles of Association to terminate the longstanding tradition of Annual General Meetings in 2008, the Club's minority shareholders have had no official forum in which to interface with the Board apart from the smaller, less formal settings of "Fan Forums" and individual meetings with the leaders of the Shareholders' Association.
A four-page brochure produced by the Blue Union was posted at Scribd before the Emergency General Meeting of Everton FC Co Ltd, forced by the Everton Shareholders Association, underling the role played by fan activism in seeking to establish greater transparency and honesty at the Club, highlighting mistakes over last 13 years.
Everton's shareholders, including Bill Kenwright and the Directors present, voted to permanently reinstate Annual General Meetings of the Everton FC company after a five-year moratorium. The motion was carried almost unanimously by a show-of-hands vote at tonight's meeting at the Philharmonic hall in which issues from the club's debt and commercial performance to the stadium issue and new investment were discussed.
For a breif report and comments on what was said in the EGM, click here
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