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Thread: Liverpool Victoria to steal Royal Liver from its members

  1. 18th October 2009 10:26 PM #1
    MRMX9
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    Liverpool Victoria to steal Royal Liver from its members

    Sorry - I meant buy it without a vote or a windfall payout.

    http://www.telegraph.co.uk/finance/n...0bn-group.html

    Not that Royal Liver is democratic anyway - a load of regional self appointees will have the final say.
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  2. 19th October 2009 11:27 AM #2
    planteria
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    good news imo
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  3. 19th October 2009 02:12 PM #3
    zazoo
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    So why won't members get a say then?
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  4. 19th October 2009 03:10 PM #4
    Oggy
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    It's the latest scam dreamed up by Mutual Directors.
    Please do not steal - the Government doesn't like competition
    Remember, age and treachery will always triumph over youth and ability
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  5. 19th October 2009 04:36 PM #5
    TOPCAT57
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    Maybe they will offer a beach ball for it?
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  6. 19th October 2009 04:43 PM #6
    Ord
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    No vote, no windfall looks the mutual way of the future.

    Not just the insurers but Dunfermline, Cheshire, Derbyshire, Barnsley, Scabbyborough............
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  7. 19th October 2009 04:46 PM #7
    richard@
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    The article didn't actually say RL members won't get a vote. Has this been confirmed elsewhere?
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  8. 19th October 2009 06:01 PM #8
    MRMX9
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    Royal Liver has regional members panels (elected by who?) who vote on these sorts of things - there is no one member one vote.

    Don't know who my London regional reps are or how to influence their votes if this does transpire.
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  9. 20th October 2009 08:43 AM #9
    Sandman
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    No vote, no windfall looks the mutual way of the future.

    Not just the insurers but Dunfermline, Cheshire, Derbyshire, Barnsley, Scabbyborough............
    Think a windfall tax to help pay of the National Debt is in order then we can all benefit from the mutual model. May be a conservative government will bing this in?
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  10. 20th October 2009 01:49 PM #10
    zazoo
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    What actually does membership mean then?

    Isn't the institution owned by the members?

    If that is so - how is it legal to omit the members from having a say?

    In the same contecxt - what does 'mutuality' mean?
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