Without a share LISA are no better than 2002. If you hold shares you will get a copy of accounts and invites to AGM's - if you dont want transparency then settle for being told what they want you to know and invited to meetings they dont mind you attending.
LISA may just as well be a part of one of the many committees set up.
I await the uneducated responses of the clueless.

I totaly agree with that bloke from Salford. Who is a Leyther by the way.

Good because I'm fed up with posts from people who think they know everything. I really hope you are not running for the post.

Ok so we have look at the accounts and we see we have no assetts to speak off and that our current Directors are unpaid. We find out the total staff wage bill and how much we pay and get from the RFL. I just don't think a shareholder could gleen anything worthwhile from pouring over the balance sheet.

We are members of LISA first and foremost to keep our club afloat and I for one applaud our current Board who have managed to see that this club is still in existence.

Well said bloke from Salford who is really a Leyther.

LISA should be the fans voice, seeing what's paid in/out means ball all.

Correct

Thanks.

Invest in Cable and Wireless I hear that Vodaphone are interested in taking them over which may account for the recent 46% increase in their share price

It was said, that it was a share and a seat on the board, which is fantastic, however we will not be privy to how much the players wages are and whether the cleaner has been paid.
The club have told the fans about the finances anyway at the fans forums, so they are being open and honest. Its all about trust and the club becoming run professionally that counts.
Obviously there are people out there that are members, that would not be suitable and we don't really need for them to be vetted by the club, our own membership would know this and vote the best person in to do the job.

Are we now saying that LISA is to move away from it's original concept of and become a real shareholder and board member. Lets just say that the LISA board member disagrees with the rest of the board. He or she puts the disagreement to the LISA members who also vote in favour of the disagreement. Lets also say that the only action that maybe left to LISA in order to lever their position is to withdraw their funding. The rest of the board will just vote the LISA director off the board because they are only in that position because of the money that is coming into the club via them. LISA to my knowledge are not shareholders and to become shareholders it will mean LISA taking a completely new direction.
The other thing is that if I were Keith, Phil or Trevour and after all the graft I had put in to keep the club going, I was suddenly confronted with weekly or maybe daily clashes with a board member put there by LISA. I would turn my phone off pack my bag and hand the books over to that member and tell them to run the club. The LISA board member will have to sign a confidentiallity clause also so that every little detail of what happens in the board room is not tranmitted to every single LISA member. It would be a nightmare for the present board if every little argument that happened there, suddenly finds it's way on here. There are loads of scenarios that could happen with this that could wreck all the fantastic work that has been done to save this club. This is something that needs to be thought about very carefully and not have people calling for more power than LISA can handle or really deserve.

As you said it does have pros and cons and of course certain things would be confidentual and I would presume that if the LISA director wasn't doing the job correctly they could be voted off by the members. I cant see the Lisa board member having any clashes, to be honest we have already in the past attended board meeting s after being invited by the board to ask any questions, so its not something new and we can still ask to attend now, ask the members question or concern, so that doesnt change anything really.

I was just putting the worse case scenario forward Lynda. It would be a disaster for yours, the boards, the team, the coaching staff and all the fans hard work to be trashed by this.

If LISA has been offered a place at the table then it is LISA that picks the new member and the Board should accept the decision.

I thought that was what the north stand group came into existance for?.

Not at all John. Although we might be asked our opinion on whether certain strategies might work etc, we're offering assistance to the club to help out with whatever they feel necessary. Plenty of outlets already in terms of making the fans feelings known to the club and I'd say LISA is and should continue to be the main outlet for that.

The problem as I see it is that there is no such thing as a "part time" director.
If someone nominated by LISA was to join the Board then they have the same statutory responsibilities as everyone else on the Board and accordingly must have full access to information and involvement in decision making whilst acknowledging their duty of care.
I have seen many Directors of companies who claimed they "didn't really get involved in Board decisions" and are stunned when the authorities come knocking.
Therefore the terms of reference for the LISA representative must be extremely strict -
a) The Director must have full and unencumbered access to all information regarding the running of the business
b) He/She is nominated by LISA to represent it on the Board and is then left to make decisions based upon that information
c) LISA members must accept that they cannot be privy to all the information to which their representative has access
d) The LISA representative must ensure He/She is able to explain to the LISA membership the reasons certain decisions were made without breaching confidentiality
e) Sometimes the LISA membership is just going to have to trust the Board member.....

Personally I think that the final point makes it untenable for anyone to take the position as their lives will be made miserable by dealing with some of the disparate views amongst the members!

Spot on.

Thats the point matt,you haven't just been asked for your opinions 'you' the NSG have been out and about asking supporters for there opinions and then taking them back to the club and the club have done there best to impliment those ideas.that for me is what a voice for the supporters does.
Lisa is a fund raising organisation with the likes of derek and ian and many others doing some great work,better left that way imo.

Very well put Toady.
My interpretation from that is that being a shareholder is far more important than being a Director, LISA the group can be a shareholder and an elected individual could attend board meetings without director status.
I await the stupid posts of some to continue, as there always will be on this subject, but those of us who crave an open book, stakeholder future as a means to avoid the sudden shocks of financial meltdown whilst promoting the my/our club feel good factor/culture know it can ONLY be achieved as a shareholder.

And for personal clarity, I have no interest whatsoever of attending board meetings but will always try to assist should the club feel I could be of any help at any time.

This is a great opportunity, don't miss it by letting the lemmings run over the cliff.

If LISA has a board representative can it remain INDEPENDANT?

It can as a shareholder with a voice.

Let me start by saying I applaud virtually everything LISA has done for our club since its inception - without its funds there is little doubt the club would not exist as it does today and in many ways it has provided greater stability than even Arthur who bankrolled us for as long as he did.

Let us not however confuse the issue at hand here of the proposed seat on the board for a LISA representative. For me there are a number of fundamental issues surrounding this which require further clarification.
- is there a conflict of interest as LISA is by its very nature an Independent organisation with its own terms of reference & can the opinion of 1 representative be seen to be in the direction of the club as opposed to LISA?
- of far greater importance is the fact that [uif[/u a LISA representative is given a place on the board, then that individual must be able to add value at that level, ie have experience of running a business, an understanding of accounts, budgets, marketing, strategy etc etc etc. Anybody with a broad knowledge of such things can only add to the existing board, otherwise their presence is worthless to all parties.
- the seat cannot be given as lip service to LISA. As an organisation it doesn't need a place on the Board, nor does the Board necessarily need a LISA presence as all stakeholders fully understand the reason for the existence of LISA.

The very fact the Board has made the offer they have in many ways reflects the esteem in which LISA is held by the club. In the circumstances taking up the offer could create a poisoned chalice which could drive a wedge between the club and LISA - perhaps to turn down the opportunity could be a better decision in many ways for both LISA and the club?

I run my own business and have done for many years. Im a managing director and Accounts manager.

Neither of which means you can add any value at Board level at the club, nor does it necessarily mean any strategic ability to push a business forward - make no mistake the club needs to be run as a business from here on in. That said does your response mean you are throwing your hat in the ring?

I am considering applying and have been asked to by members