The letter from the Board dated 22nd November 07 and put into pigeonholes today, 29th November 2007, has very little substance and a lot of supposition.
1. Surely CBH is NOT employing staff other than Office Staff?? The replacing of employees with Contractors was the whole intent and purpose of paying off the previous employees in late 2005. Owners have recognized the benefits gained through the reduction in staff costs over the past two years, as well as changes to the insurance system. Combined with two 10% reductions in maintenance fees and everyone can see why the 2006 Board was re-elected in 2007.
2. The matter of some of the court cases however remains unresolved. The $10,000 settlement with Mr Woods is already recorded in the accounts. On the one hand this Board letter raises the question of settling “the few labour and law suits pending” and then goes on to muddy these waters with the possible scenario that if a different Board is elected in 2008 any settlement would mean that the “Owners of Coral Beach get stuck paying for this patronage” as the cases might be ‘dropped or undefended’. The 2007 Board can’t have it both ways as they are in the process of trying to settle the cases themselves and whoever the 2008 Board is, these settlements will cost the Owners. The question for Owners is, which individual candidates have the best interests of all the shareholders at heart? In the 2008 election, the present Board will be standing as a ‘slate of 7’.
3. As no information about the other candidates for the 2008 Board has been made public, how can the 2007 Board pre-empt the information that Owners should have been given prior to asserting to Owners that these candidates have no experience nor the time needed to fulfill their obligations as Directors? When will the Board let us see who the candidates are, along with their resumes? Then Owners can make up their own minds. To continue with the assertion that any or all of the nominees are fronting for a shadowy “Real Board” smacks of paranoia. To further state that “their reasons for running has not been revealed” rests entirely with the 2007 Board as the names of ALL Nominees together with their supporting documents in readiness for the 2008 AGM have not yet been circulated. This is the 2007 Board’s responsibility. Owners are eagerly awaiting the information.
4, The Chairman being deported off the island was a result of one fact, Bahamian Immigration decided that there had been an abuse of the law.
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3 comments:
Can you please post the board's letter? Those of us who are not on the island do not have any correspondence from the Board of Directors.
As an aside, how can someone who has been deported for violating Bahamian law be considered for the Board? I was under the impression that the bylaws prevented this.
To the Owners of Coral Beach
We no longer have a Chairman on the Board of Directors at Coral Beach!! He was been deported by the Bahamian Authorities.
I wish this GROUP you always refer to and speak about had the kind of powers you claim.
Listen "GROUP" could you please get us OWNERS the Minutes of all the BOD's Meetings so we know what the heck is going on. Oh and while you are at it, GROUP could you please take care of the Financials? We would like them to be Certified Audited Financials. Nothing less will do GROUP... Okay?
And GROUP while your at it, could you please get OUT the proxies (having them notarized) would be great - along with the names of all the newly nominated canidates.
Shame on you Bruno for not even acknowledging like a man, that you made a mistake.
I GUESS IT IS EASIER TO BLAME IT ON THE GROUP....
Am I understanding this letter from the BOD correctly?
1.) The present board is patting themselves on the back and got re-elected because they streamlined the office, reduced overhead, provided two 10% fee reductions.
*response:(truth is, to many owners were taken in by the fluff and manipulation)
2.) The current BOD is complementing themselves for settling a lawsuit with Sheldon for 10k and suggest they are close to resolving other oustanding suits.
* response: (10k does not come close to 100k++ problem still pending)
They seem to be claiming that if new officers are elected, all of the '07 BOD efforts could be lost.
* response: (this of course is utter nonsense)
I don't know which candidates have the Owners best interest at heart but I do know which ones do not ...
This time around I hope more owners do too.
3.) The 2007 BOD claims that the new candidates have no experience or adequate time to properly fill their obligations.
* response: (who are these unqualified candidates?
Maybe they would like me to send my proxy to the current board and let them make my decision for me)
4.) Bruno's deportation was the result of only one abuse.
* response: (I guess the Bahamian Immigration Officials also perceived that he only broke one law but it was good enough for them)
Related comments:
Was there any mention of a conflict of interest between:
a)Mario & Bruno
b)Mario & Dennison
c)Phil & article #70
How about the leaks in 30+ owners units?
How about utilizing resident talent for suggestions and qualified advice, would seem to be cheaper than B&G people running around like a bunch of bumper cars ... oops this didn't work lets try this over there.
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