Hi
I hope that in Big business there is a little more ethical behavior than we amateurs who live in my particular building. Our BOD president actually failed to act on the recent quorum vote to raise maintenance until she was forced to direct it so. Why? Because she is 70 years old and the increase priced her out of our building. She's one of the people now selling, in fact. Living in this area is expensive, we all know, but we have a fiduciary duty to create an operating budget that can pay our bills. Some people just can't afford to live here and it's a very tough situation, especially for the elderly.

That's a good idea to ask them if they plan on selling but in the end, where will it get us if it's not enforceable?
The pet projects will already be done by the annual meeting...and damage done.
Agreed, it's ethical but another reader just wrote that they have changed their by-laws...of course, that doesn't mean pet projects don't happen and THEN they sell....but at least they won't be on the admittance committee when the magic moment arrives.
BTW I served for about 5 years. I think it's very important for people to serve. :-)