mr funny
26-06-07, 06:59
June 26, 2007
Condo man dominated AGM with 80 proxies
RECENTLY I attended the AGM of the condominium where I live and was appalled by the proceedings.
Many resolutions were put up for consideration. When it was time to vote, we found out that one subsidiary proprietor had garnered more than 80 proxies. These proxies amounted to over 200 share-value votes. With the number of residents present at the AGM, it was clear that this resident could practically decide on issues as he was holding the majority of votes.
He practically decided all resolutions put forward, and was even able to determine the composition of the next council.
I would like to seek clarification from the Building and Construction Authority on this matter.
Lau Wah Yuen
Condo man dominated AGM with 80 proxies
RECENTLY I attended the AGM of the condominium where I live and was appalled by the proceedings.
Many resolutions were put up for consideration. When it was time to vote, we found out that one subsidiary proprietor had garnered more than 80 proxies. These proxies amounted to over 200 share-value votes. With the number of residents present at the AGM, it was clear that this resident could practically decide on issues as he was holding the majority of votes.
He practically decided all resolutions put forward, and was even able to determine the composition of the next council.
I would like to seek clarification from the Building and Construction Authority on this matter.
Lau Wah Yuen