As
a Owner, how much can I influence the activities and have a
say in The Racing Guild's operations?
The
democratic organisation and nature of the guild means that the
rules of management, ownership and operation are determined
by a proposal/voting system which is conducted by the Owners
through the Members' Forum of the website.
There are, however, certain restrictions on changes to The Racing
Guild. The BHB and the Jockey Club have their own rules regarding
clubs and syndicates. Although these rules are fairly liberal
and flexible, contravention is not permitted. The guild is also
subject to the provisions and stipulations of the Financial
Services Act and other legislation. Hence it should not be promoted
to the general public as an investment opportunity or a venture
for profit.
Notwithstanding the above, any changes to the rules or operation
of the guild must first be proposed by one of the Owners and
must be seconded by at least two other Owners. This is all done
through the Members' Forum on the website. A period of 14 days
will be allowed for any Owners to give their views on the proposal(s)
after which an open vote will be taken by all Owners. At least
60% of registered Owners must agree to the changes before they
will become effective. Any changes which extend or significantly
alter the scope of work and responsibilities of the Committee
can be vetoed by the Committee.
The voting for the selection or reselection of
Committee members may include owners putting themselves forward
for selection on the basis of a "manifesto" which
can include proposals to extend the scope of work and responsibilities
which they commit to undertake.
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