14 July 2012

Dear Mr Gilmour,

We recognize you may have felt your hands were tied, what with that army in white and black clamouring for the figurative head of Rangers FC to be served up on a platter.

But perhaps you should have taken some time to consider the consequences before casting your vote. Sure, hindsight is 20/20 and all. But common sense in business isn't too much harder to stumble across.

We've attached below for you a little reading. You may want to pass it along to your lawyer so he can begin prepping for what should be--if there is any integrity left after your crusade to be passed along to the justice system--a fairly open and shut case for the prosecutor.

Perhaps you've got another piece of land to sell off to Tesco that could cover your expenses?


The Copland Road Organization


Companies Act 2006

172 Duty to promote the success of the company

(1) A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to—

(a) the likely consequences of any decision in the long term,

(b) the interests of the company's employees,

(c) the need to foster the company's business relationships with suppliers, customers and others,

(d) the impact of the company's operations on the community and the environment,

(e) the desirability of the company maintaining a reputation for high standards of business conduct, and

(f) the need to act fairly as between members of the company.

(2) Where or to the extent that the purposes of the company consist of or include purposes other than the benefit of its members, subsection (1) has effect as if the reference to promoting the success of the company for the benefit of its members were to achieving those purposes.

(3) The duty imposed by this section has effect subject to any enactment or rule of law requiring directors, in certain circumstances, to consider or act in the interests of creditors of the company.