Report states Celtic chairman Ian Bankier is safe after embarrassing AGM performance
Celtic chairman Ian Bankier has come out of his weak AGM performance unscathed, according to the Daily Record.
The Record state that in the end, Bankier “overwhelmingly” won the vote to stay on as Celtic Chairman.
Although in-person derision was unequivocal towards the Bhoys chairman, Dermot Desmond’s votes seem to have secured his position. That’s despite a resounding 90/10 loss at the AGM itself.
Bankier would’ve probably expected a straightforward result to a resolution rehiring him. However, on-pitch performance, his inability to show accountability during 20-21, and off-field dramatics have hampered an already tense relationship with shareholders.
Celtic Underground tweeted:
However, with polls being counted at the time of writing, it seems Bankier will survive in his role for another calendar year.
Bankier, something of a mysterious figure in recent years, has emerged from the shadow of Peter Lawwell. Since the long-tenured CEO left in the summer, Bankier has been more present. He was at the unveiling of new manager Ange Postecoglou, although he credits Lawwell for identifying and hiring the boss [Celtic FC].
He is, however, well-liked at boardroom level. And although he wasn’t at all convincing in-person today, he’s likely to remain in his position. At least, that’s according to the Daily Record.
A stark warning for Celtic chairman Ian Bankier, even if he emerges unscathed
Nobody likes being criticised, especially so publicly. The in-person vote on Resolution 6 told its own story, in bold type.
While Peter Lawwell was unpopular, he was definitely more equivocal. There may have been boos and howls of derision at past AGMs, but that being the case, they were certainly lesser than what Bankier faced today.
In a way, it’s an unfortunate position for him. If Lawwell and Desmond let Celtic decay to the point they did last season, neither of them were at this AGM. Bankier was the target of ire for shareholders today, and seemingly it won’t be for the last time.
At least, for now. He may reportedly safe in his position, but a penny for his thoughts after today. People have resigned over less, especially knowing the lack of popular support Bankier has.
He’s being given a mandate to carry on in his job, but the criticism is intense and lasting. Especially when he’s giving non-committal answers about hugely important issues.
An interesting day for Mr Ian Bankier, then.