Board Composition

Overview

Pride of Our Footscray’s board composition is currently incomplete and not formally documented. Mat O’Keefe is the only publicly named board member, and Shaemus Corcoran’s board position requires shareholder meeting confirmation. The company lacks visible board records, no shareholder meeting minutes are publicly available, and no formal company secretary has been appointed.

Current and Proposed Board

Confirmed:

• Mat O’Keefe — Chairman and Founder (publicly named)
• Governance rights designated as “Remaining Founder” in draft constitution

Proposed (pending shareholder meeting):

• Shaemus Corcoran — Director candidate; currently serving as permanent pro bono bookkeeper
• Provides finance expertise and operational governance capacity

Designated (draft constitution):

• Monique Anderson — “Pillar Member” status (governance role unclear; may be advisor or special director)

Critical Governance Gaps

1. No Formal Board Records: No publicly available evidence of:

• Board meeting minutes
• Board agendas or decisions
• Board committee structure (audit, remuneration, etc.)
• Board governance policies or charters

2. Shareholder Meetings: No record of:

• Annual general meetings (AGM)
• Extraordinary general meetings (EGM)
• Meeting minutes or resolutions
• Shareholder voting outcomes

3. Company Secretary: Status unclear from public ASIC records:

• No named company secretary in current documentation
• Secretary responsibilities undefined
• Regulatory filing obligations (annual reports, financial statements) unclear to accountability owner

4. Director Rotation and Succession: No documented policy for:

• Term limits or rotation schedule
• Director appointment and removal process
• Succession planning for founders
• Independent director representation

Relationship to Constitution and Shareholder Approval

Current board structure is hamstrung by draft constitution (not yet ratified). The constitution designates:

• Mat’s “Remaining Founder” governance entitlements (undefined scope)
• Monique’s “Pillar Member” status (undefined scope)
• Shae’s director position (conditional on shareholder meeting approval)

Without ratified constitution, shareholder approval cannot proceed, and board roles remain in limbo.

Compliance Risk

Operating without:

• Formal board governance framework
• Documented decision-making authority
• Transparent shareholder oversight
• Director accountability structures

This exposes Pride to:

• ASIC compliance challenges
• Director liability for corporate decisions
• Shareholder challenge of board decisions made without authority
• Financing/investment obstacles (funders typically require formal governance)

Next Steps

1. Finalise Constitution Draft: Clarify Mat’s “Remaining Founder” rights, Monique’s role, Shae’s directorship terms
2. Conduct Shareholder Meeting: Approve constitution and confirm director appointments
3. Establish Board Records: Document meeting schedule, agendas, minutes, and decision authority
4. Appoint Company Secretary: Assign regulatory compliance responsibility
5. Document Board Policies: Create governance charter, delegation framework, director appointment policy

Related Pages

• Mat O’Keefe — Chairman and founder
• Shaemus Corcoran — proposed director; bookkeeper
• Governance Gaps and Risks — comprehensive governance audit findings
• Corporate Structure Reform — broader entity and structure overhaul
• Shareholder Register Verification — prerequisite for shareholder meeting