BarbaraC10 (New York)
Posts: 1
Posts: 1
Posted:
I live a coop in Westchester Cty 480 units with the following:
Vice president was former super, wife worked in office as administrative aide and son is now the super. Recently the new property management company after three property managers resigned decided to make the wife the new property manager. The vice president hung out in the office all day since he retired and makes it hard for the property manager to do their work. He is one that likes to have his way and other board members went along with it. The property management company attached a "hold harmless agreement" to their contract to protect them from the conflict of interest two years ago. Where does that leave the shareholders? The board also gathers the proxies from shareholders and put on the board who they want. Therefore interested shareholders who attend the annual meeting votes don't count. Any suggestions???
Vice president was former super, wife worked in office as administrative aide and son is now the super. Recently the new property management company after three property managers resigned decided to make the wife the new property manager. The vice president hung out in the office all day since he retired and makes it hard for the property manager to do their work. He is one that likes to have his way and other board members went along with it. The property management company attached a "hold harmless agreement" to their contract to protect them from the conflict of interest two years ago. Where does that leave the shareholders? The board also gathers the proxies from shareholders and put on the board who they want. Therefore interested shareholders who attend the annual meeting votes don't count. Any suggestions???