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The Pamphlet Collection of Sir Robert Stout: Volume 84

Change in the Directorate

Change in the Directorate.

The Boards of the Consolidated, The River Plate, The Telephone Company of Austria, and the Edison-Gower-Bell companies, have been in the past almost identical one with another, it is now proposed that there shall be three Directors for each of the three subsidiary Companies, and that these Directors, nine in number, shall constitute the Board of the Consolidated.

In recommending this scheme to the Shareholders, we call attention to the fact that there is every reason to believe that it will work harmoniously, the Boards will be practically independent, and yet by attending at the Consolidated Board Meetings each Director will gain a knowledge of what is being done by the other Companies, so be able to take a grasp of the whole business, and also advantage of any improvement, &c., which may be suggested.

We think it would not be wise to limit the Boards of the Companies to three Directors, as this might lead difficulties in the appointment of any very desirable gentlemen wishing to join one of the Boards, but would leave matter for individual consideration of the respective subsidiary Companies.