Bolter.
As you are obviously well connected, and probably involved, could you enlighten us.
Lets hypothesise that the proposed rules are voted up:
There are no individual Trustees of the AAPMBF, they have been eliminated in the rule change of 2010 and the corporate Trustee Austair appointed in their place.
There are no Directors of AAPMBF. They were eliminated in the rule change of 2009.
Members of AAPMBF (approximately 2000 strong) are not members of Austair as the Articles of Association of that organisation limit the membership to a total of 50. (By the way who are the 50 and what are the qualifications for membership?)
Austair has no constitution.
Austair is a separate legal entity from AAPMBF
Austair has no rules allowing the participation of any other legal entity (or the members of any separate legal entity) to be involved in the appointment of Directors of Austair.
Just how is it that the members of AAPMBF can be involved or in any way guide the direction of their Fund and its finances, when they have no elected representatives, and they have no mechanism to appoint Directors or in any other way control the functioning of Austair, which is to be ceded CONTROL of the fund and its finances.
In short; how can the members of AAPMBF elect the directors of Austair?
Who, and to what roles, do the members of AAPMBF have any mechanism to elect, in any organisation, including their own AAPMBF ?
Paul Makin
Former Chairman AAPMBF
Last edited by paul makin; 15th Apr 2010 at 01:58.