Changing status
If the current club were to change from a Club to a PLC, how would that benefit members? Would members have more say in decisions made by the Executive?
Comments
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In one simple answer. PLCs are fine but the club as it stands now is a membership organisation, not for profit and ploughs it's profits back into the business. A PLC would be paying out dividends to shareholders from the profits, they would want to see a return on their investments.
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That’s it in a nutshell. 👍🏻
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Isn't it true that it is a members club controlled by the members so why are decisions being made without consulting the members i.e. name change, purchase businesses like Roger Allen etc?
If they are supposing to plough the profits back into the business why do they have such a huge surplus at the end of the financial year? This raises the question of why they find it necessary to increase the price of membership and pitches every year that they have now priced themselves out of reach for many members?
I am trying to find out to understand the way the club works as we have not used a CC site for probably 2 years.
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It would need a vote by the membership in favour. As each member is a shareholder then they would get a cut but the club would then have to make more money to pay the directors a salary and to pay a dividend to the new owners which would suggest fairly hefty price rises.
As a commercial company you would probably get a harder line taken by the club in members complaints and there is always the possibility of them selling off assets including the sites if they get a decent offer. Frankly I doubt we would stay members if that happened.
There is little doubt the minute voice you have now would be gone.
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You might find what you want to know here
David
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Thanks,David, a useful link.
It reveals a male President, a male Chairman, four male directors and 11 out of 12 male members of the executive committee.
On this day when we are commemorating suffragettes a century ago do the upper echelons of Club seem to be rather old fashioned ?
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