The Arsenal Supporters’ Trust will vote against the re-appointment of chairman Sir Chips Keswick and Josh Kroenke to the board of directors at Thursday’s annual general meeting in a bid to show “significant corporate governance change is needed”.
The Premier League club will host shareholders at the Emirates Stadium, where Stan Kroenke – who holds a 67 per cent stake – has been urged to outline his future vision.
As part of each AGM, a one third of the directors must retire on rotation from their position and seek re-election. Despite opposition from the AST, chairman Keswick and Josh Kroenke, son of the American owner, are highly unlikely not to be re-appointed to the board.
Nevertheless, the AST believes opposition to carrying the motion unanimously will at least provide an opportunity to air their grievances.
“Our action and vote is a statement that we believe significant corporate governance change is needed. Whatever the outcome of Thursday’s AGM, we call upon the directors at Arsenal to address these significant corporate governance failings,” the AST said in a statement on Wednesday.
“All of the non-executive directors have been in office for far too long and are not regarded as independent under the corporate governance code.