JohnC46 (South Carolina)
Posts: 14,265
Posts: 14,265
Posted:
Our BOD of 5 is setup for staggered two year terms thus 2 come up for election one year and 3 the next year and so on.
Well as we did not have a BOD Meeting last year, all 5 positions came up for election this year. We had 3 incumbents (myself included) running but no others were nominated. We asked if any owner wanted on the BOD. Well we managed to get 2 to volunteer and as we had 5 for 5 spots we did not need to have an election.
We want to get back to staggered terms (2/3) so I am asking for suggestions how the BOD can do such?
I have an idea but for now I will keep it to myself.
Well as we did not have a BOD Meeting last year, all 5 positions came up for election this year. We had 3 incumbents (myself included) running but no others were nominated. We asked if any owner wanted on the BOD. Well we managed to get 2 to volunteer and as we had 5 for 5 spots we did not need to have an election.
We want to get back to staggered terms (2/3) so I am asking for suggestions how the BOD can do such?
I have an idea but for now I will keep it to myself.