JohnC46 (South Carolina)
Posts: 14,265
Posts: 14,265
Posted:
On 01/01/2015 we transitioned to homeowners. The transition went very well. We had an Declarant appointed BOD (myself included as VP and Treasurer) since late 2014. We had our first Annual Meeting and a BOD Election two days ago.
Two of us on the Appointed BOD did not want to run but we were aware that a group of dissenters (8-10) were gathering support and proxies to elect several of their kind. The BOD felt it would be in our best interest to be sure that several dissenters did not get on the BOD so we two that did not want to run, decided to run. Meaning we ran as the existing BOD.
Well the dissenters nominated on of their kind from the floor plus two others ran. Well the voting was very close. The fifth and last place on the BOD was decided by one vote. 4 of the BOD were reelected and one of the dissenters came in fifth by one vote. I finished 6th. The President and PM asked me to request a recount. I said no as I was happy. This was what I wanted.
The good news is all contracts are in place until 04/2016. We have a strong President and our PM is very good at what he does. The dissenter will only be on the BOD for a one year term so there is little harm they can do.
Two of us on the Appointed BOD did not want to run but we were aware that a group of dissenters (8-10) were gathering support and proxies to elect several of their kind. The BOD felt it would be in our best interest to be sure that several dissenters did not get on the BOD so we two that did not want to run, decided to run. Meaning we ran as the existing BOD.
Well the dissenters nominated on of their kind from the floor plus two others ran. Well the voting was very close. The fifth and last place on the BOD was decided by one vote. 4 of the BOD were reelected and one of the dissenters came in fifth by one vote. I finished 6th. The President and PM asked me to request a recount. I said no as I was happy. This was what I wanted.
The good news is all contracts are in place until 04/2016. We have a strong President and our PM is very good at what he does. The dissenter will only be on the BOD for a one year term so there is little harm they can do.