Y
YMS
Guest
Hi,
I was wondering if any of you might be able to help with a question. I've tried searching the forum and the web in general but can't find anything on it but apologies if it's been covered before.
Our management company currently has 4 directors, 3 of which are the original developers (but only one of whom has active involvement in the mgt company) and one resident who is involved in the residents committee.
They are now proposing to introduce a rule that only people who have served on the residents committee for a period of 2/3 years will be eligible for election as a director of the management company.
The memo and arts of the company don't contain any info on the process for election of directors so I'm wondering if anyone can offer any guidance as to what the situation is in that case? The directors are arguing that since there is no specific procedure laid down they can simply present and pass a motion at the upcoming AGM to that effect.
I can see where they're coming from but my concern would be that this acts against the interest of the other members of the company who for whatever reason don't get involved in the residents committee. A particular concern would be that our development is comprised both of houses and apartments with apartments contributing the majority of the fees although only a small portion of the apartments are now owner occupied. The residents committee is overwhelmingly made up of residents from the house part of the development. Thus, I would argue that such a re rule isolates / limits the ability of apartment owners to get involved in the running of the management company as election to the residents committee is confined to residents (who can find both a proposer and seconder amongst other members in advance of the AGM which is again difficult for non-residents with no means of contacting other members).
Any advice / guidance any of you can offer would be greatly appreciated.
I was wondering if any of you might be able to help with a question. I've tried searching the forum and the web in general but can't find anything on it but apologies if it's been covered before.
Our management company currently has 4 directors, 3 of which are the original developers (but only one of whom has active involvement in the mgt company) and one resident who is involved in the residents committee.
They are now proposing to introduce a rule that only people who have served on the residents committee for a period of 2/3 years will be eligible for election as a director of the management company.
The memo and arts of the company don't contain any info on the process for election of directors so I'm wondering if anyone can offer any guidance as to what the situation is in that case? The directors are arguing that since there is no specific procedure laid down they can simply present and pass a motion at the upcoming AGM to that effect.
I can see where they're coming from but my concern would be that this acts against the interest of the other members of the company who for whatever reason don't get involved in the residents committee. A particular concern would be that our development is comprised both of houses and apartments with apartments contributing the majority of the fees although only a small portion of the apartments are now owner occupied. The residents committee is overwhelmingly made up of residents from the house part of the development. Thus, I would argue that such a re rule isolates / limits the ability of apartment owners to get involved in the running of the management company as election to the residents committee is confined to residents (who can find both a proposer and seconder amongst other members in advance of the AGM which is again difficult for non-residents with no means of contacting other members).
Any advice / guidance any of you can offer would be greatly appreciated.