Starbug, does a shareholding guarantee financial transparency?

I too believe they should stay well clear of a Director title at this moment in time, but the transparency has always been missing and it needs to be guaranteed to reach our potential.(this is not a slur against the incumbants but history tells us we treat the fans with contempt as we drag our way to one financial disaster after the next, this may be the opportunity to at least be aware of the impending doom)

Wether LISA has a shareholding or not, what is more important is access to the financial situation at the club at any given time and that best use of LISA donations is being made,

In recent years LISA has had 2 functions, 1 raising of money to help with signing and paying of players , 2 a communication channel between the club and its supporters

With the current administration and the openness of the fans forums, the communication aspect is now less relevant, hopefully the FF s will continue, albeit with less frequency meaning the club is on a more stable footing

Therefore LISA s main concern will be to continue to find new ways of raising money, continuing the current endevoures and attempting to increase membership

Even though we all support the club and may well be members of LISA, everyone one of us will have different ideas on how the club should operate, I myself have beliefs that the club isn't ready for SL and should not apply until it is, how would that opinion fit in with other LISA members if say I was to be the appointed ' LISA ' director?

Similarily if it is an ' ideas ' person, why would they need LISA affiliation? , if you have an idea that you think can benifit the club, it has been thought through, and you can implement it or help the club implement it, contact the BOD or Trevor direct, there is no need to be associated to LISA for that

It is an independant body, with the rights to give or withold money to the club as it sees fit , it should remain that way IMO

If Sporting Club Leigh wished to give the LISA organisation an honorary shareholding in recognisition of its contribution to the club over many years, that would be fine, and perhaps a good idea

Agreed.

Well I would also like to agree with Starbug's post.

It would seem that before a ballot is taken to choose a LISA rep on the BOD's then a ballot must be sought to see if it's members wish to have one, I would suggest that an extraordinary General Meeting be called of LISA members and advertisements be inserted in both trade papers and both local one's (payed for not relying on free ones) plus internet and match day programme, either that or a postal vote.

Let us all hope enough LISA members also take this view & that common sense will prevail.

Yes' and that we do not have a postal vote which imo would be the equivalent of burning a sizeable wad of £20 notes.

Well I'm not well up on corporate law but Phil and Keiths personall bank accounts are a completely different kettle of fish to the funds held by LISA, read what I said again. Another thing in a bankruptcy court could the LISA funds be lumped in with the clubs assets with a place on the board?

Me also.

Totally agree with starbugs post. Very well put as well.

Well I for one hope that this has finally been resolved and that LISA carries on the good work without any unnecessarry expense being incurred and a token share in the club should make all members well pleased (as one of my grandsons says).

Simple answer - NO. Each is an independent legal entity (as are Keith and Phil as individuals),

Agreed, that is also how I understand it.

Completely agree with that one. As you say, there is certainly no problem with communication from the current board and it's hard to see what can be brought to the table by someone who, first and foremost, would be there as LISA's representative and therefore having to shoulder the responsibility of the membership which I would expect to be a huge burden when added to the existing pressure of being a board member.

Given the state of the clubs finances I think we need an accountant on the Board. The LISA treasurer is an accountant and perhaps he should be asked to represent us.