Managing agent acting as OMC company secretary - conflict of interest or not?

8till8

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Is it a conflict of interest for the managing agent to act as OMC company secretary?

I understand its not best practise but is it a clear conflict of interest?
 

... or the board may appoint the property management agent as the company secretary (see below with regard to outsourcing)
...
Where a property management agent is the company secretary of an OMC the potential for conflicts of interest should be considered. For example, who would take board meeting minutes when directors are discussing the renewal of the property management agent’s contract? (A solution could be temporarily to task a director to take minutes of such deliberations.)
 
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