Supporter Representation

Published on Monday 1st February, 2010 by Celtic Trust

Resolution to be proposed at the 2010 AGM of Celtic Plc under the terms of the Companies Act

Resolution (with Supporting Statement) to be proposed at the 2010 AGM of Celtic Plc under the terms of the Companies Act ‘This AGM requests that the Board set in place a series of discussions with the various bodies which represent Celtic supporters on the advantages and disadvantages of direct representation from these bodies on the Plc Board.’ The Celtic Trust The Celtic Trust is a not-for-profit membership organisation, formally constituted as an Industrial & Provident Society, that has been formed as a vehicle to mobilise the voting power of the many thousands of small shareholders of Celtic Plc.Over the last eight years through a series of quarterly meetings with Celtic’s Chief Executive, the Trust has had a constructive dialogue with Celtic Plc on issues of concern. However a key objective of the Trust remains to give supporters a formal voice at Board level in the future development of Celtic Football Club. On three previous occasions the Trust has asked that the Board organise a mechanism whereby a representative of the fans could be democratically elected to serve on the Board of Celtic Plc. These proposals, although strongly supported by many attending the various AGMs, have always opposed by the Board and have always been defeated. The opponents of this idea have argued that having such a Board member would not enhance the Board and would be unworkable in a number of ways. The purpose of this resolution is to initiate a set of formal discussions which could explore in a more appropriate setting the idea of supporter representation on the Board and to deal with each of the objections in turn and to come to a considered and agreed view on this matter away from the constraints of a formal Plc AGM. The Celtic Trust believes that supporter representation on the Plc Board would enhance communication between supporters of Celtic FC and the Board of Celtic Plc and by doing so improve the way that Celtic is run. Furthermore, we believe this could harness the enormous wealth of knowledge and expertise present within the fan base. We ask you to support this resolution and the written statement above circulated to shareholders in advance of the meeting, in the interests of a stronger Celtic. I/We (Name/s): Of (Address): being an Ordinary shareholder of Celtic Plc (the ‘Company’) and/or a convertible Preferred Ordinary shareholder of Celtic Plc support the above resolution and supporting statement and wish the resolution to be considered at the Company AGM. Signature: Date:


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