CONSTITUTION OF THE EXECUTIVE BOARD
77. The Executive Board may have the following members who will be
full or part time employees of the Society:
- a. a Chief Executive
- b. a Finance Director
- c. a Human Resources Director
- d. such other Executives as the Society Board thinks appropriate.
78. If the Society carries out any part of its business through a trading
subsidiary company or society trading for the benefit of the community members
of the Executive Board or the Society Board shall be the directors or board of
management of the subsidiary.
79. The members of the Executive
Board will be appointed by the Society Board on terms agreed and approved by the
Society Board. The members of the Executive Board may be removed by the Society
80. No person can be a member of the Executive Board who:
- a. has been declared bankrupt or compounded with their creditors;
- b. is subject to a disqualification order made under the Company Directors
Disqualification Act (or similar provision under any other jurisdiction);
- c. has been convicted of an indictable offence which is not a spent
conviction as defined in the Rehabilitation of Offenders Act 1974;
- d. is or may on the basis of medical evidence be suffering from mental
81. The Executive Board if appointed will meet at least once each month at
such times and places as it thinks fit. Where practicable, seven clear days’
notice of the date and place of each meeting is to be given in writing by the
Secretary to all members of the Executive Board. A resolution in writing signed
by all the members of the Executive Board shall be as valid and effectual as if
it had been passed at a meeting of the Executive Board duly convened and held
and may consist of several documents in the like form each signed by one or more
Executive Board members.
82. The Executive Board may agree that its
members can participate in its meetings by telephone video or computer link.
Participation in a meeting in this manner shall be deemed to constitute presence
in person at the meeting.
83. Save for the exceptions referred to
below, no Executive Board member is to have any material financial interest
personally or as a member of a firm or company or as a director or other officer
of a business trading for profit or in any other way whatsoever in any contract
or other transaction with the Society. For the purposes of this rule an interest
of a person who is connected with an Executive Board member shall be treated as
an interest of the Executive Board member. The exceptions are that Executive
Board members may:
- a. receive a salary and other benefits under a service contract with the
- b. buy tickets or season tickets for football matches and use the facilities
of any football club in which the Society is interested;
- c. have an interest in a particular contract or issue if they shall first
have explained their interest to the Executive Board and the Society Board and:
- (i) are not present except with the permission of the Executive Board in any
discussion of the contract or issue;
- (ii) do not vote on the contract or issue (and if by inadvertence they do
remain and vote, their vote is to not be counted).
84. Any member of the Executive Board who discloses a financial interest as
described in the preceding Rule must vacate their office either for a period or
permanently if requested so to do by the Society Board. Any member of the
Executive Board who fails to disclose any interest required to be disclosed
under the preceding Rule must permanently vacate their office if required to do
so by the Society Board.