Bob Wood <[email protected]> wrote:

>2009/4/30 tiamiboat <[email protected]>:
>
>>  It will take sometime for the actual new structure to be worked out.
>
>My boating life doesn't go back as far as many on here; my first hire
>was only in the latter part of 1997.  But in the time since then it
>seems to me that BW has gone through one reorganisation after another.
> Am I right?

No.  It was one reorganisation before another.

[email protected] wrote:

>I thought this what you might mean, but we are into unchartered territory 
>here. Normally a charity would not operate in deficit and I suspect there are 
>stringent rules regulating it. There are certainly stringent rules regulating 
>charities operating in surplus as evidence by the problems the RSPCA got into 
>not so long ago. 
>
>For me this debate underlines how much I need to know before deciding what I 
>think about this idea.

Have a look at the recent KPMG report on BW's structure.  It discusses
the idea in detail.  There's some good thinking in it.

Or, if you'd prefer <g>, you could look at my article about it in WW
2009 January page 72.

Adrian

Adrian Stott
07956-299966

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