LynneV1 (South Carolina)
Posts: 211
Posts: 211
Posted:
in another post, Tim B said "If it is a board meeting, check your State corporate laws. Typically Directors aren't allowed proxies."
My question is "What does that mean?" Directors aren't allowed proxies. My Board is mailing out 9 By-law changes and our BOD wants only the President's name on the proxy form. So he gets to vote for every out of state homeowner and all the h/o's who do not show up at the meeting. Because our bylaws insist on proxies ... only people that show up can vote on their own - All others must use the proxy with the "President's name" on it. So it is possible that he will vote 'yes' on all 9 changes for all 120 out of state h/o and all 60 or more that do not show up. And, then, in 3 mos we have the board re- election ..... and all the proxies have his name on them.....
Any opinions on the legality of that is SC. ( And yes the board may chose only general proxies not directed). then they control every election and vote.
My question is "What does that mean?" Directors aren't allowed proxies. My Board is mailing out 9 By-law changes and our BOD wants only the President's name on the proxy form. So he gets to vote for every out of state homeowner and all the h/o's who do not show up at the meeting. Because our bylaws insist on proxies ... only people that show up can vote on their own - All others must use the proxy with the "President's name" on it. So it is possible that he will vote 'yes' on all 9 changes for all 120 out of state h/o and all 60 or more that do not show up. And, then, in 3 mos we have the board re- election ..... and all the proxies have his name on them.....
Any opinions on the legality of that is SC. ( And yes the board may chose only general proxies not directed). then they control every election and vote.