So, AS, new Director of the NEP is also the President. Is that even legal?
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NEP President also League Director?
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Ok, I’m the idiot...explain the issue here? I don’t understand why it’s a bad thing. Are directors and presidents supposed to be different entities?
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This happens all the time in the corporate world with interested and independent directors. The interested directors are senior management personnel. Typically boards would have at least 75% independent directors. Depending on the board governance documents, interested directors may or may not have a vote on matters that come before the board.
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AS is still a part owner in a club. He’s paid pretty well to run the league and yes, no one wanted to step up as President, especially as things start to tumble.
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Originally posted by Unregistered View PostAS is still a part owner in a club. He’s paid pretty well to run the league and yes, no one wanted to step up as President, especially as things start to tumble.
They have not filed their end of 2020 report yet which they would revise the board, but the secretary of state fillings from last August denote he is still a director till 2023,
https://corp.sec.state.ma.us/CorpWeb...XFTSf1l1_pPg--
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Originally posted by Unregistered View PostThis happens all the time in the corporate world with interested and independent directors. The interested directors are senior management personnel. Typically boards would have at least 75% independent directors. Depending on the board governance documents, interested directors may or may not have a vote on matters that come before the board.
All that usually means is that he will run the BOD of meetings, but as the poster above say, there might be somethings he does not get to vote on.
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Originally posted by Unregistered View PostThe nep is a stain on soccer.
I have nothing against people coaching/running a soccer club full-time,
They care about their bank accounts rather than offering an excellent service.
Stars, Scorpions, and NEFC seem to be the least greedy and offer the best service to their top teams. The biggest difference there is the college recurring connections they have as well at the top level.
The business is not asset heavy and there is little barrier to entry, meaning that coaches can leave and start on their own pretty easily.
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