A RATHER SERIOUS MATTER!

At last year’s Morton Trust  A.G.M., the members elected to hold a Special General Meeting to decide how to deal with G.M.S.T. v Gallacher, and here’s what was ‘minuted’:

screenshot_5That’s unambiguous. A decision was made by the membership at a properly convened General Meeting, but would the Board responsibly obey the constitution and the will of the members?

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Good gracious! Apparently the members didn’t decide on an S.G.M. at all – NOPE – that was ‘proposed by the board’ who subsequently ‘had legal advice’ from a hitherto unidentified ‘legal adviser’ who is apparently not the Trust’s regular solicitor!

This is a rather serious matter for the G.M.S.T. membership to contemplate. Will certain individuals be held personally responsible for damages in the fullness of time?