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Grass roots stirring
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Big Eddie View Drop Down
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Points: 5085 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Big Eddie Quote  Post ReplyReply Direct Link To This Post Posted: 30 Jan 2025 at 17:18
Originally posted by Camquin Camquin wrote:

The only way for the clubs to remove him is to dissolve the Union.
Which is beginning to look like a necessary option.


In response to Mark W-J and Camquin that was what I was actually alluding to. I think the Board of the RFU (and possibly the Council Members) are so out of touch that they think they can ride out the storm with some slick and manipulative PR and preserve the truly appalling status quo. 

The current SGM may only be able to demonstrate the schism in the Union and with the Board in thrall to Bill and Bill I doubt whether there will be enough free thinking truly independent directors to grasp the enormity of the problem.

If Camquin is correct and I expect he is it just shows how awful the governance of the RFU has become.

If anyone really believes the RFU is fit for purpose they must be deluded. The RFU requires surgery. I do not know if a replacement heart, lung, brain trifecta is possible. 

Sell Twickenham to CVC and lets just start again


Edited by Big Eddie - 30 Jan 2025 at 17:26
''The future isn't what it used to be''
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Steve@Mose View Drop Down
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Points: 2951 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Steve@Mose Quote  Post ReplyReply Direct Link To This Post Posted: 6 hours 19 minutes ago at 16:50
Review finds RFU pay scheme 'appropriate'

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An independent review has found the Rugby Football Union's controversial executive pay scheme, which led to the resignation of its chairman Tom Ilube, was an "appropriate remuneration structure".

The bonus scheme prompted widespread criticism of chief executive Bill Sweeney, who received an extra £358,000 on top of his increased salary of £742,000, while the union posted record operating losses of nearly £40m and made job cuts.

Sweeney's total income of £1.1m in the year up to June 2024 was significantly up from the £430,000 he received in the Covid-affected year of 2019-20 after being appointed in 2019.

His bonus in 2024 was part of a 'long-term incentive plan' (LTIP) signed off by chairman Ilube and intended to recognise the salary sacrificed by senior leaders during the pandemic, while being linked to various parts of the organisation's performance.

The review by Freshfields, which was commissioned by the RFU, has found that the structure of the LTIP "was appropriate in light of the goals it sought to achieve" and is a common tool in corporates, which has also been adopted in some other national governing bodies.

It found no evidence that the LTIP was designed with the aim of "compensating" individuals for loss of income during the Covid period, despite the RFU's 2023-24 annual report stating it was.
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tulip View Drop Down
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Points: 2231 		Post Options Post Options   Thanks (0) Thanks(0)   Quote tulip Quote  Post ReplyReply Direct Link To This Post Posted: 4 hours 51 minutes ago at 18:18
Wonder how much this “Independent Review “ cost the RFU
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Robb View Drop Down
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Points: 1630 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Robb Quote  Post ReplyReply Direct Link To This Post Posted: 1 hour 55 minutes ago at 21:14
Can an independent review commissioned and funded by those its meant to review, truly be independent?
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cheshire exile View Drop Down
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Points: 2544 		Post Options Post Options   Thanks (0) Thanks(0)   Quote cheshire exile Quote  Post ReplyReply Direct Link To This Post Posted: 1 hour 51 minutes ago at 21:18
Originally posted by Steve@Mose Steve@Mose wrote:

Review finds RFU pay scheme 'appropriate'

Quote
An independent review has found the Rugby Football Union's controversial executive pay scheme, which led to the resignation of its chairman Tom Ilube, was an "appropriate remuneration structure".

The bonus scheme prompted widespread criticism of chief executive Bill Sweeney, who received an extra £358,000 on top of his increased salary of £742,000, while the union posted record operating losses of nearly £40m and made job cuts.

Sweeney's total income of £1.1m in the year up to June 2024 was significantly up from the £430,000 he received in the Covid-affected year of 2019-20 after being appointed in 2019.

His bonus in 2024 was part of a 'long-term incentive plan' (LTIP) signed off by chairman Ilube and intended to recognise the salary sacrificed by senior leaders during the pandemic, while being linked to various parts of the organisation's performance.

The review by Freshfields, which was commissioned by the RFU, has found that the structure of the LTIP "was appropriate in light of the goals it sought to achieve" and is a common tool in corporates, which has also been adopted in some other national governing bodies.

It found no evidence that the LTIP was designed with the aim of "compensating" individuals for loss of income during the Covid period, despite the RFU's 2023-24 annual report stating it was.

So what exactly were “the goals it sought to achieve “?
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Points: 2832 		Post Options Post Options   Thanks (0) Thanks(0)   Quote gerg_861 Quote  Post ReplyReply Direct Link To This Post Posted: 55 minutes ago at 22:14
Crooks
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