20 Dec Plus500 Brumbies Announce Profit at AGM
The Plus500 Brumbies have announced a profit for the second successive year at its Annual General Meeting (AGM) held on Thursday evening, with a net profit of $57,000, making the Brumbies one of the more financially secure organisations in Super Rugby at the present time.
At the AGM, a new President was elected with Peter Johnson stepping into the role from the end of the meeting. The new President replaces the outgoing Bob Brown who has been a tremendous asset to the organisation in that position through some difficult seasons. Bob has stepped down so that he and his wife can retire to their home on the North Coast of NSW.
The Plus500 Brumbies wishes to put on record its thanks to Bob for his services and hard work as President of the ACT & Southern NSW Rugby Union.
Matt Nobbs was confirmed as the new Chairman of the Board and four Directors were re-elected. Ms. Anne-Marie Perret was elected for a two-year term at the 2016 AGM and had offered herself for re-election for a further two-year term.
During the course of the financial year, three casual vacancies arose on the Board. In accordance with the Union’s Constitution, the Board respectively appointed Ms. Vikki Fischer, Mr. Mark Sullivan and Mr. Stephen Johnston to fill those vacancies until the end of the 2018 AGM. All three appointees were elected for a two-year term at the AGM.
All four existing directors were recommended by the Nominations Committee and have the full support of the Board. Each of them has valuable skills that contribute to the successful functioning of the Board in meeting the Objects of the Union.
Finally, the Plus500 Brumbies are proud to welcome two new Life Members with Bob Brady and Maria Doogan being nominated into that exclusive pantheon. Congratulations to Bob and Maria for their inclusion as Life Members and the Union thanks them for their services to rugby.
The AGM saw the publication of the Plus500 Brumbies Annual Review (re-named from the Annual Report) covering the activities undertaken by the organisation over the past twelve months.
A copy of the Annual Review, and its sister publication, the Corporate Governance Report (including Financial Statements), can be ordered by contacting email@example.com.
Please note due to the size of the Annual Review, copies will be sent upon request to interested parties. Limited numbers of hard copies can be collected in person from Brumbies HQ whilst stocks last.