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RDM
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Quote: Herbert Splatt "Chairman

The only directors who were going to resign if the £500k came forwards were the Executive Directors - Ted, Eric Timmins & Ray Barnes.

Richard Venables & Andrew Wright are unpaid, non-exec directors while the rest are paid employees of the club who sit on the BoD as part of their role at the club.

As Adeybull has said, only the Executive Directors could find themselves being banned IF it was established they had done something that warranted a ban - but that is for someone else to decide rather than the contributors to this forum.

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WE ARE WAKEFIELD, WITHOUT THE RICHARDSONS’ WE ARE STRONGER:d7dc4b20b2c2dd7b76ac6eac29d5604e_42850.jpg



Quote: RDM "The only directors who were going to resign if the £500k came forwards were the Executive Directors - Ted, Eric Timmins & Ray Barnes.

Richard Venables & Andrew Wright are unpaid, non-exec directors while the rest are paid employees of the club who sit on the BoD as part of their role at the club.

As Adeybull has said, only the Executive Directors could find themselves being banned IF it was established they had done something that warranted a ban - but that is for someone else to decide rather than the contributors to this forum.'"


Hopefully going into admin will allow the employment of Ted's daughter to be terminated. If she is still at the club, it will be a joke

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See my update to my post re director status - seems to accord with what RDM posted just above.

A non-executive director is still a director with full legal liabilities if they are registered as a Director. The law makes no distinction between and Executive and a Non-Executive Director. The key point is are they a "True" director?

And yes, only "True" directors are exposed to being banned, and that decision is taken elsewhere and after the report on the directors' conduct submitted (by law) by the Administrator and, if appointed, the Liquidator, and speculation is both futile and also potentially libelous, to be honest.

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Quote: Tricky2309 "Hopefully going into admin will allow the employment of Ted's daughter to be terminated. If she is still at the club, it will be a joke'"


Agreed. Need a completely new start.

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Quote: Adeybull "See my update to my post re director status - seems to accord with what RDM posted just above.

A non-executive director is still a director with full legal liabilities if they are registered as a Director. The law makes no distinction between and Executive and a Non-Executive Director. The key point is are they a "True" director?

And yes, only "True" directors are exposed to being banned, and that decision is taken elsewhere and after the report on the directors' conduct submitted (by law) by the Administrator and, if appointed, the Liquidator, and speculation is both futile and also potentially libelous, to be honest.'"


The "Non-Exec" directors were not formally named as directors on the 2010 annual return to Companies House. As per my previous post, Ted, Eric & Ray are named as directors while Diane Maskill was named as Company Secretary.

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kcab sfrawdder Luck is a combination of preparation and opportunity Just to avoid confusion Starbug is the username of Steven Pike SOMEBODY SAID that it couldn’t be done But he with a chuckle replied That “maybe it couldn’t,” but he would be one Who wouldn’t say so till he’d tried. So he buckled right in with the trace of a grin On his face. If he worried he hid it. He started to sing as he tackled the thing That couldn’t be done, and he did it!:9005.jpg



Quote: RDM "The "Non-Exec" directors were not formally named as directors on the 2010 annual return to Companies House. As per my previous post, Ted, Eric & Ray are named as directors while Diane Maskill was named as Company Secretary.'"


Usually the company secretary is a director , they are the one responsible legally , every limited co has to have a company secretary

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Quote: Starbug "Usually the company secretary is a director , they are the one responsible legally , every limited co has to have a company secretary'"



Wrong pal.

They may be a director, but do not have to be. In quoted companies it is very unusual for the Secretary to be a director. Many many very small companies have the owner as the sole director, and his.her spouse as company secretary.

Every company does NOT now have to have a Secretary. My personal service company does not.

The secretary has certain legal responsibilities, and is usually the only real "Officer" of the company when the term "Directors and Officers" is used. But the Secretary's legal exposure is a fraction of that of a Director.

Been both, on various occasions and in various companies.;

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kcab sfrawdder Luck is a combination of preparation and opportunity Just to avoid confusion Starbug is the username of Steven Pike SOMEBODY SAID that it couldn’t be done But he with a chuckle replied That “maybe it couldn’t,” but he would be one Who wouldn’t say so till he’d tried. So he buckled right in with the trace of a grin On his face. If he worried he hid it. He started to sing as he tackled the thing That couldn’t be done, and he did it!:9005.jpg



Quote: Adeybull "Wrong pal.

They may be a director, but do not have to be. In quoted companies it is very unusual for the Secretary to be a director. Many many very small companies have the owner as the sole director, and his.her spouse as company secretary.

Every company does NOT now have to have a Secretary. My personal service company does not.

The secretary has certain legal responsibilities, and is usually the only real "Officer" of the company when the term "Directors and Officers" is used. But the Secretary's legal exposure is a fraction of that of a Director.

Been both, on various occasions and in various companies.;'"


I did say ' usually ' as in my experience ( wrongly it would seem icon_wink.gif ) it has been a director as ' secretary '

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Quote: Starbug "I did say ' usually ' as in my experience ( wrongly it would seem
And you were completely wrong on your other two points. At least in your first point you allowed yourself a back door! icon_moon.gif

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kcab sfrawdder Luck is a combination of preparation and opportunity Just to avoid confusion Starbug is the username of Steven Pike SOMEBODY SAID that it couldn’t be done But he with a chuckle replied That “maybe it couldn’t,” but he would be one Who wouldn’t say so till he’d tried. So he buckled right in with the trace of a grin On his face. If he worried he hid it. He started to sing as he tackled the thing That couldn’t be done, and he did it!:9005.jpg



Quote: Adeybull "And you were completely wrong on your other two points. At least in your first point you allowed yourself a back door!
Not the first time I've been wrong , and doubtful it will be the last icon_lol.gif

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Quote: Starbug "Not the first time I've been wrong , and doubtful it will be the last
icon_thumb.gif

tb
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[b:34xc0vwf]Doubt everything, even this[/b:34xc0vwf]:1357.jpg



Quote: Adeybull " My personal service company '"


icon_eek.gif

Tell us more …

icon_wink.gif

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READ THE AUP: //forums.rlfans.com/viewtopic.php?f=1&t=438945&tsmp=1381997916:d7dc4b20b2c2dd7b76ac6eac29d5604e_43457.jpg



Nudge, nudge, wink, wink, say no more, say no more!!!!

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79 posts in 6 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing



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