Australian Rugby / RA

[Derpus]

How do you get rid of an entire board? corporate governance is definitely not my specialty (thank fucking god) but isn't is more or less impossible.

 

[dru]

How do you get rid of an entire board? corporate governance is definitely not my specialty (thank fucking god) but isn't is more or less impossible.

Generally impracticable because the shareholders are rarely so aligned. Here the votes are the unions. And they certainly could if they had the will.

 

[Equalizer]

The best way forward for Rugby is to have no rugby people involved moving forward. Rugby is a toxic mess.

 

[formerflanker]

For all his aggressive manoeuvring, Wiggs appears to be the only one who has put a lot of time into analysing RA's finances. It may be coincidental that Rugby Australia failed to submit the annual report to the Australian Securities Investment Commission by last Thursday’s deadline (The Australian).
I have some sympathy for his approach. Get the facts, find out the depth of our troubles, and take decisive action to fix the shambles.

 

[Slim 293]

For all his aggressive manoeuvring, Wiggs appears to be the only one who has put a lot of time into analysing RA's finances

According to yesterday's The Australian.........

 

[Quick Hands]

Yeah that's the most interesting part. Once again the role of News Corp has to be called into question.

Just last week they were anointing Peter Wiggs as the saviour of the game, and now they appear to be subtly backing his hostile takeover attempt of the Board. He is certainly receiving different treatment to Raelene.

I'm all for getting qualified, experienced people into RA and on the face of it Matt Carroll looks like a viable choice. But for Wiggs to do it in this way rings all sorts of alarm bells.

The alarm bells about Wiggs started ringing for me when he received the ringing endorsement from Roger Davis. Then to say if you won't let me appoint my mate as CEO, I'm going to resign beggars belief.

At least Hawker and Pulver went through a process before the old mates act kicked in.

Surely Carroll wouldn't want to touch this toxic mess.

 

[KOB1987]

So this opens the door for McLennan to step in and find his feet, McLean will hang around for a bit longer, perhaps Herbert into the interim CEO role and let's see what now happens to Carroll. He sounded pretty enthusiastic about it yesterday, at least with Coates acting as his mouthpiece.

 

[Quick Hands]

For all his aggressive manoeuvring, Wiggs appears to be the only one who has put a lot of time into analysing RA's finances. It may be coincidental that Rugby Australia failed to submit the annual report to the Australian Securities Investment Commission by last Thursday’s deadline (The Australian).
I have some sympathy for his approach. Get the facts, find out the depth of our troubles, and take decisive action to fix the shambles.

Other than the auditors, who have yet to sign off on it.

 

[Quick Hands]

So this opens the door for McLennan to step in and find his feet, McLean will hang around for a bit longer, perhaps Herbert into the interim CEO role and let's see what now happens to Carroll. He sounded pretty enthusiastic about it yesterday, at least with Coates acting as his mouthpiece.

24 hours is a long time in the RA board room. My view is that Carroll would be insane to leave the AOC for RA - even if they doubled his salary, or tripled it.

 

[formerflanker]

According to yesterday's The Australian...

Yes. Precisely why I wrote "appears".

 

[Juan Cote]

They may as well have their board meetings via Zoom and put the link on facebook so we can see it all happen in real time rather than waiting to read it verbatim in the next day's paper

 

[Quick Hands]

What we are seeing laid bare is the shambolic corporate culture that exists at RA and before that the ARU. Nothing good can come from an organisation so bereft of any semblance of due process and fair and open procedures.

The precedent of Chairman appointing mates and the board appointing it's own replacements no doubt led some to think that they could get away with eliminating even the pretence of a recruitment process.

 

[Quick Hands]

They may as well have their board meetings via Zoom and put the link on facebook so we can see it all happen in real time rather than waiting to read it verbatim in the next day's paper

They could probably get more for the broadcast rights than for super rugby.

 

[Lorenzo]

For all his aggressive manoeuvring, Wiggs appears to be the only one who has put a lot of time into analysing RA's finances. It may be coincidental that Rugby Australia failed to submit the annual report to the Australian Securities Investment Commission by last Thursday’s deadline (The Australian).
I have some sympathy for his approach. Get the facts, find out the depth of our troubles, and take decisive action to fix the shambles.

Yes coming in, taking over the one new big commercial contract in play (the broadcast deal), then resigning in a huff (before that contract is anywhere near resolved) when your mate doesn't get awarded the top job with no search really demonstrates that he is the type of board member we need.

 

[shanky]

Let's be optimistic here...

It's getting closer to the point where the whole thing comes crashing down. Then we can start again.

 

[kiap]

They may as well have their board meetings via Zoom and put the link on facebook so we can see it all happen in real time rather than waiting to read it verbatim in the next day's paper

It's like deja vu all over again.

Rugby in the 20s goes back to how it was in the 90s … the 1890s, when a union would hold their committee meetings at a local hotel.

Back in the day, their bright idea was to invite the press along. No need to take minutes, you see - it's all written up in the paper the next day.

 

[kiap]

Yeah that's the most interesting part. Once again the role of News Corp has to be called into question.

Absolutely.

The elephant in the room.

Just last week they were anointing Peter Wiggs as the saviour of the game, and now they appear to be subtly backing his hostile takeover attempt of the Board. He is certainly receiving different treatment to Raelene.

I sort of agree with this, maybe 80%. But Wiggs wasn't actually their guy.

If you look close, Wiggs himself has been trashed by the leaks.

All it needed was a slip. Short and sharp by comparison, but yielding the same outcome in the end as for Raelene.

 

[Quick Hands]

If Carroll does end up taking the job, he should be thankful that he didn't get it in the way Wiggs wanted. Nothing would have guaranteed a short and unsuccessful tenure more than being given it by an unscrupulous method of appointment.

 

[The Honey Badger]

How do you get rid of an entire board? corporate governance is definitely not my specialty (thank fucking god) but isn't is more or less impossible.

Can the chairman appoint administrators and dissolve the board?

Start again

 

[KOB1987]

If Carroll does end up taking the job, he should be thankful that he didn't get it in the way Wiggs wanted. Nothing would have guaranteed a short and unsuccessful tenure more than being given it by an unscrupulous method of appointment.

True, but as I read somewhere yesterday the board should know what they are looking for in a CEO and if the ideal applicant is staring them in the face then just grab him. Sure, go through the process of due diligence on him to cover all bases, but there’s no need to employ a recruitment firm on a couple of hundred thousand dollars they don’t have to end up with the same bloke, they’d look even more stupid then. Which is no doubt what will happen.