41 days to the AGM

Here we are 41 days before the AGM and the Board has still not sent out information about any of the candidates whose names they have printed on the proxy forms for use at the election to be held after the AGM on 26th January 2008.

Certainly Owners have no information about who nominated and seconded the 2007 Board members that are named as candidates for the 2008 Board, and certainly one Board Member - David Salvisberg - has no previous experience on the Board and has never been nominated before. Unless you have actually been at Coral Beach in the past couple of months you probably don't know who he is, let alone what his background is! Further, there are rumours going around that at least one Board member may not be standing for election even though his name is on the proxy form, and if yet another existing Board member (whose name is also on the proxy form) is to be believed, another 2007 Board member may not stand in the 2008 election.

If the other 'outside' 5 candidates had not ensured that I had the information to put on the blog, Owners would only have a list of names on the proxy form. Owners should also remember that some shareholders did not receive information from the Board about sending nominations to the Front Office until after the cut off date had dis-enfranchised them.

With the delays, uncertainties and confusion surrounding this nomination procedure, one may ask if there is a need for a nominating commitee, if in fact there is one. Just nominate from the floor and forgo the pre-printed proxies! Then at least Owners might see the need for proper authentication of those proxies.

You will note that I have not yet mentioned the fact that the President of the Board may not be allowed to return to the Island for the forseeable future and I find it astounding that the other Members of the Board do not consider this fact of sufficient importance to advise Owners of their contingency plans should the President not be present at the AGM.