Board rejects call for strategic review, pointing instead to Celtic Connect
Resolution 16 at the upcoming Celtic PLC AGM on Tuesday 1st December calls on the Celtic Board to prepare a strategic review and a published report with a football, financial, and strategic plan (medi...
The Celtic Board has rejected a shareholder call for a strategic review at the upcoming AGM on December 1st, instead favoring the implementation of Celtic Connect, their new fan engagement group. This decision was made because the Board believes that such a detailed review would put the company at a competitive disadvantage. The Board instead plans to communicate their strategy through existing channels, including the newly formed Celtic Connect, which will primarily involve a select group of handpicked supporters.
The Board's reasoning for rejecting this proposal includes the availability of a strategic report in the annual report, which they feel provides appropriate metrics for evaluating the club's performance. The Board stated that publishing additional strategic information could place the company at a disadvantage and goes against responsible board practices.
They emphasized the need to retain discretion in publishing information in order to act in the best interests of the company and comply with regulatory obligations.
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