Elected by the members of the company presumably?This company has a Board of Directors drawn from residents and a representative of the developers (as the complex is fairly new).
You might need to check the memo and articles of association of the company to ascertain this. Seems unusual - I've never heard of management company directors being awarded payment before. Having some expenses reimbursed maybe.My question is whether the Board of a company like this have the right to arbitrarily set the rate of their renumeration or does it have to be ratified - e.g. at an AGM?
Elected by the members of the company presumably?
You might need to check the memo and articles of association of the company to ascertain this. Seems unusual - I've never heard of management company directors being awarded payment before. Having some expenses reimbursed maybe.
Who is charging this time-based fee to the apartment owners? - the property management company or the individuals themselves?
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