This is not intended as an opinion on what the trust should or should not do. I post this purely for information and because Peter has stated that he stands willing to be corrected.
This snippet is from the clubs articles of association.
As at the last return, there are 4,902,379 ordinary shares issued.
Supporters Trust have 13,658 shares, of which 108 have enhanced rights....leaving 13,550 "ordinary" rights.
The enhanced shares are, in todays terms, equal to 490,237 shares....and we then add the 13,550....total 503,787
As per the company articles 900,003 of the ordinary shares carry no voting right, so issued shares with voting powers total 4,002,376 and this gives the trust a voting right of approx 12.6% in real terms
This is the second largest single entity voting right which exists within the club right now and far surpasses the total voting right of all current directors combined. The largest shareholding/voting right sits with the ICT Trust (a different entity to the supporters trust).
The company articles state no need for club directors to stand down and/or be reelected by rotation. They have the power to appoint new directors and are, at present, entirely self appointed with no elected members on the board.
A shareholder resolution can be raised by giving sufficient notice ahead of any general meeting for the election of a board member. The Supporters Trust could do that now if they so desired.
The current board do not hold anything like sufficient shares between them to stop that resolution and would need support from others to do so...if they so wished.