The statements have been sent out over the weekend. The President's Report and proxy form have just been circulated too. For Owners , especially those that receive paperwork via the regular post, I want to highlight the fact that for proxies to count "the Owner's account(s) must be current AND FUNDS CLEARED as of December 31, 2007". This does not give much time to Owners.
Further, although the proxy form says that the proxy may be returned to Coral Beach, it is NOT OBLIGATORY - and so I would suggest to Owners that in order to ensure a 'personal eye' is kept on the proxy, that you send it to an Owner you trust to follow your instructions and if you are actually completing the form, then to send it to that Owner you trust together with a copy of your picture ID so that signatures can be easily verified.
Every vote is an important vote, so make certain it counts!
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4 comments:
Hi there,
Maybe this should be clarified. Reason being is they had a similar rule last year and I questioned Jennifer.
All it really meant was that the account had to be current as of December 31st and not showing an arrears. One could pay on the 4th or 5th of January as long as the payment had cleared and was showing a current balance.
The January bill isn't late until after the AGM so they just wanted to make sure that owners were current.
I don't think it's too much to ask that by the AGM owners have cleared their account as of December 31st. They're just asking that people pay on time.
I really don't think there's anything sinister going on and maybe one should check with Jennifer or a board member before panicking owners.
Question to anyone who may have the anwser.
What is the Bahamain legal definition or interpertation of conflict of interest.
Thank you.
Hi Anon, didn't want to panic anyone - just try to ensure every Owner knows the rules.
The following should be mandatory for future BODs:
- a yearly audited statement, the form of which (since there might be a few kinds) should be voted on by all owners, leaving nothing open to interpretation;
- committees with expertise drawn from owners eg: Budget Committee (members should have accounting background), Building Committee (members should have construction background) etc. Number of members on each committee should be decided by BOD. Committee members would do the research and make recommendations to the Board;
- a communications representative should be assigned to post on the Coral Beach Website, an official monthly communiqué keeping owners up to date as to exactly what decisions and actions are taking place;
- to provide owners with a timely, standardized, yearly detailed outline and schedule regarding the nomination process with the due date to be determined by BOD.
This would alleviate the perception of possible wrong doing by any BOD
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