Scottish Rugby President Colin Rigby hailed a “significant milestone” for the game in Scotland when member clubs agreed a new governance structure at an online special general meeting last night.
The new structure, based on the recommendations on the Standing Committee on Governance (SCOG), sees the new Scottish Rugby Union (a company limited by guarantee) take on the responsibility for the oversight of the organisation’s main operating vehicle, Scottish Rugby.
It also will provide an oversight function to the organisation’s members.
Professor Lorne Crerar CBE, Interim Chair of the new Scottish Rugby Union, pledged to the SGM that “all the promises for a new, well-functioning governance system will absolutely be delivered.”
Professor Crerar also called on the membership to play its part in finding the “very best talent” to serve as “custodians” on the new company’s board.
Colin Rigby thanked members, SCOG, the Scottish Rugby Council and Scottish Rugby’s employees for their patience, while the new structure was arrived at.
He added: “This is a significant milestone in the history of the Scottish Rugby Union where all stakeholders now have clarity around governance, roles and responsibility.”
John Jeffrey remains chairman of the Scottish Rugby Board which will continue to oversee the day-to-day operational, commercial and executive functions of Scottish Rugby.
Earlier tonight, members voted unanimously to receive Scottish Rugby’s financial statements for 2021-22 at the second part of the organisation’s AGM.
During the period, overall revenue returned to within 5% of pre-pandemic levels at £57.9million, a rise of £5.5million from the previous year.
The accounts showed a deficit of £5.3 million on the base business, while the strategic investment from private equity partners CVC drove a gain on disposal of investment of £34.2million, bringing Scottish Rugby’s net surplus after tax to £29million for the year.
Images & Content – Scotland Rugby
