"These attacks mean that a small number of people are bringing our sport into disrepute. I hope my standing down will help us move past the negativity and help begin the process of change we know that our sport desperately needs.''
The board believed remits to the AGM, aimed at removing the powers of the board, would lead to a lack of confidence in the stability of governance that will also affect the confidence of key stakeholders and funders.
"Should the organisation not stabilise its governance function, then it will become truly ungovernable,'' said Coulter. "I do not want that for our members, be they learning to swim, aiming for the London podium or working and volunteering as coaches, officials or staff in our great sport.''
Coulter said the board believed the organisation was at a crossroads and a dissident few were acting without mandate to steer the sport into dangerous waters. The board has highlighted the coalition of regions, that requested all directors of the board resign, was initiated without the clear mandate of clubs.
At the core of the issue is Project Vanguard, a board-led initiative that aims to bring the organisation and operations into the 21st century with a focus on clubs rather than the antiquated regional structure that is outmoded.