Forgive my ignorance

[cambscanary 0]

but can someone please explain to me what being a chairman means and what being a board member means exactly?? also what about executive and non-executive board members?? I know this is quite possibly me proving my lack of brain but i''ve never had a clue what it all means and board level. WHo puts money in?? how do they get a place on the board? do they have to gurantee funds for a place or is it just that you pick up £200,000 a year for giving advice??

Please help

Also I took this from the NCFC site:

Alan Bowkett

A lifelong Canary fan and member of the NCFC Associate Directors Group, Alan Bowkett, 58, retired earlier this week from his role as Chairman of national homes construction company Redrow, a FTSE 250 business worth an estimated £1billion.

does this mean he has a lot of money or did he just work for a big company and will be on a fat pension????

Basically i''m clueless so fill me in if you know anything

thanks

Cambs

[dhickl 0]

Being a board member / chairman means that you should give advice and help make decisions in the running of the club.  They are employees of the shareholders.  It is a paid position, and does not require them to contribute any finances.

[dhickl 0]

That is why it is better to have a ''poor'' businessman rather than rich idiot in that position.  You want the rich person as the shareholder and the business savvy people as board members.

[singing canary 0]

pretty good question to be honest..

[dhickl 0]

As for the chairman, like most successful businessmen, I''m sure he has a few million in the bank.  Although, he is likely to be like Delia once described herself - "a poor millionaire".  I doubt he would have enough to buy into and invest in the club.

[singing canary 0]

was it not mentioned mcnally would join the board maybe in good time .

is he worth much do you know?

[O.T.B.C 0]

I don''t think he is worth anything of note but he does have experiance of running football clubs.

[. 0]

[quote user="cambscanary"]

but can someone please explain to me what being a chairman means and what being a board member means exactly?? also what about executive and non-executive board members?? I know this is quite possibly me proving my lack of brain but i''ve never had a clue what it all means and board level. WHo puts money in?? how do they get a place on the board? do they have to gurantee funds for a place or is it just that you pick up £200,000 a year for giving advice??

Please help

Also I took this from the NCFC site:

Alan Bowkett

A lifelong Canary fan and member of the NCFC Associate Directors Group, Alan Bowkett, 58, retired earlier this week from his role as Chairman of national homes construction company Redrow, a FTSE 250 business worth an estimated £1billion.

does this mean he has a lot of money or did he just work for a big company and will be on a fat pension????

Basically i''m clueless so fill me in if you know anything

thanks

Cambs

[/quote]

Being a Board Member or Chairman means you can take a perfectly good football club respected throughout the country for it''s style of play....and within a decade turn it into a glorified kitchen extension which is a laughing stock wherever our name is mentioned.

I hope this helps.

[PurpleCanary 5,554]

[quote user="dhickl"]Being a board member / chairman means that you should give advice and help make decisions in the running of the club.  They are employees of the shareholders.  It is a paid position.[/quote]Unless it has now changed with these appointments, the directors do not get paid. Doncaster received a salary because he was chief executive, not because he was a director. And Munby''s company received compensation for the time he spent on NCFC business. But neither was paid for being a director.McNally is in the same position as Doncaster, receiving a salary as chief executive.

[dhickl 0]

[quote user="singing canary"]was it not mentioned mcnally would join the board maybe in good time . is he worth much do you know?[/quote]He was one of the 3 appointed to the board, but as I mentioned above.  The role of the director is not to invest, it is to bring business expertise and knowledge to the company and make decisions on behalf of the owners.