Does a director of a management company need to be an actual owner of one the apartments? This year at the AGM of the management company which manages the complex where I have an apartment, a new director was elected. He was representing his brother who actually owns the apartment. The brother who actually owns the apartment lives in USA. He is the sole owner.
The guy who was elected is not even a part owner of the property. He always attends the meetings by proxy. He was proposed and seconded (by me!!!!) as a Director at the recent AGM. his name is listed as a director on the minutes from the AGM and not his brother in USA.
Is the management company leaving itself open to legal complications by having a non owner as a director.
Is this okay? I stood doesn't as director at the AGM and am otherwise satisfied with the management company.
Thanks in advance.
The guy who was elected is not even a part owner of the property. He always attends the meetings by proxy. He was proposed and seconded (by me!!!!) as a Director at the recent AGM. his name is listed as a director on the minutes from the AGM and not his brother in USA.
Is the management company leaving itself open to legal complications by having a non owner as a director.
Is this okay? I stood doesn't as director at the AGM and am otherwise satisfied with the management company.
Thanks in advance.