As promised, Celtic AGM Report Part 2

Published on Wednesday 2nd December, 2015 by Celtic Trust



As promised here is Part Two of the AGM report.

Report from Celtic Plc AGM 2015

Part Two

After the anger and dismay voiced by shareholders at the AGM over the Chairperson’s appalling behavior, the meeting slowly settled down and technical resolutions 6, 5, 8 and 9 were carried . The Trust abstained on all of these as is our custom.

The meeting then considered Resolution 10 which stated “That the Board take steps to make Celtic an accredited Living Wage employer “ Because of its importance this resolution was the only one proposed by The Celtic Trust this year and as in previous years it enjoyed the support of many small shareholders. So for the third consecutive AGM we had brought   the issue of The Living Wage to the attention of all shareholders. This was necessary because although in 2014 the Club had announced that it would consult with staff on raising their remuneration to the then Living Wage level of £7.85 it had not agreed to become an accredited Living Wage employer although many supporters certainly came away from that meeting with that impression. Since then although the 148 members of staff who were paid below that rate have been receiving it since July 2015 they have as a consequence lost any bonus payments and in addition the Living Wage has now been raised to £8.25 per hour so after just four months they are already being paid below the current Living Wage rate.

 The resolution was very ably moved by Dave Moxham who set out very clearly and concisely exactly why Celtic must become an accredited Living Wage employer. Dave took the arguments set out in an unprecedented video produced by the Board, and which featured for the first time the Head of Human Resources, and refuted them one by one.

 He spoke about the moral imperative that called upon a club of Celtic’s origins and history to be paying its workers at least the Living Wage and he also set out clearly the relatively minor costs to the Club of complying with the resolution. This amounted to £2000 per week for full time employees with an additional £2000 per match to pay those who only work on match days. We do not have exact figures but calculated on those we do have and allowing for the worst case we estimate the additional cost to the Club would be around £152,000 per annum roughly 30% of the bonus paid in addition to the salary which the Chief Executive receives annually

 Dave sat down to thunderous applause. He was followed by several speakers who all supported the resolution and urged the Board to agree to its implementation. Resolution 10 was then put to the meeting and was overwhelmingly carried in the room with only a very few hands raised against it. The Chairman immediately called for a poll and used the votes proxied to him to defeat the motion. We shall comment on these figures later when we have received them.

 This concluded the formal part of the AGM and there followed a lively and wide ranging question and answer session .

 Jeanette Findlay pointed out to the Chairperson that when at a previous AGM he had been asked if there was a trade union recognition agreement in place he had replied that there was not, but that the Board “had no problems with having one”. She then advised the Chairperson that she had been told that at least one group of staff had been told that they were not allowed to join a trade union and in fact that no trade union representative would be allowed “within the foot print of the stadium.” He was asked to state clearly that if this had been said then it should not have been said and that no Celtic employee would suffer any detriment by joining or promoting Trades Unions within the workplace at Celtic. After at first saying he would state nothing clearly Mr Bankier was further pressed and confirmed that, had this been said it should not have been said, and that all Celtic employees were free to join a Trades Union if they wished to do so.

 There was a very entertaining input from a supporter who referred to the £50 ticket and how it had made it possible for his daughter to become a regular attendee at home games and to start out on her Celtic supporting journey.

 He raised the possibility of the ticket not being valid for two home games in future years if the composition of the League changed and asked how he could tell his daughter that her support was not wanted for those games. He strongly urged the Board to ensure that this ticket continued to include all games regardless of which teams were in the Premier League. He received strong support from those present.

 The issue of what has become known as Resolution 12 was raised and the original proposer of that Resolution, which had been adjourned at a previous AGM, declared that he and his fellow proposers were satisfied with the progress being made to resolve this.

 A number of shareholders raised other issues some directly relating to the performance of the Celtic team and these were replied to suitably by Ronnie Deila and Peter Lawwell.

 The Chairperson declared the meeting closed at 12.25pm





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