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What is a conflict of interest? A board member whats to sit in on a family members sales application, board members who are friends what to vote on issues that pertain to one of them, policies may be circumvented because board members feel that they are entitled to jumping the list, or non compliance of carpet policy, etc. After the annual election and a change in positions, board members are all for relaxing the policies that they once defended to the end-why cause it helps their cause! What do you do?
I gather you are a board member. If this is the case, you need to need to discuss this at a board meeting. Be open and frank as to how these actions present a conflict of interest. Be ready to persuade other board members to see the point if they are short sighted and has not seen the problem and to confront it. To be part of the Board and not bring issues of this sort is complying with a breach.
If you are just a shareholder, you may test the air in a very vailed manner. You may wish to find how they think and if what you see may affect them in some way. If the large majority of shareholders do not see it, then you may be in a co-op where ëverything goes!
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It is obvious that those on your board are self serving (power corrupts) and do not care about the operation of your property. In 17 years of building management sad to say I have yet to see a board that is not self serving.
MRM
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