He said all shareholders would get a say in the make-up of the boardroom, with each member putting themselves up for election at the AGM.
Rangers confirmed on Wednesday they would consider a request to add former chairman John McClelland and three other men to their board of directors.
Mr McColl and his supporters also propose appointing former director Paul Murray, Sandy Easdale and Frank Blin as directors.
Rangers earlier said a vote of confidence and continued support for the current directors would be required if the club was to agree to the new members.
However, Mr McColl said yesterday: "In accordance with the club's articles of association, all directors, both existing and new, have to offer themselves up for re-election at a vote at the AGM.
"We believe that this is fair and gives all shareholders the opportunity of voting for who they want on the board."
There was no comment from the club last night.