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If you and the other shareholders choose not to do anything you've effectively ceded the outcome to the incumbent board.
In answer to your question about who's going to join the board with all the nonsense, the answer is simple. Organize the rest of the shareholders so a slate of board candidates you put up receives a majority of shareholder votes. Old board is out, new board is in, nonsense is gone.
I said the answer is simple, not easy. You'll have to really work to overcome natural inertia and the tendency to avoid confrontation. You may not get a majority to support your position and at best elect only one or two new board members. You may need to go to an outside attorney and that will cost money. Only you can decide how much pain you're willing to endure, and if it is so much you'd rather throw in the towel.
If other shareholders are upset over shady board actions it should be much easier for you to organize the shareholders and get a friendly slate of candidates elected.
I definitely was upset on the disrespect from the attorney to an owner. He works for me/co op. I think if it was presented better and more like…please don’t get offended but we feel this is something we should have in place and all board members will be signing this…
The other board members knew about the document because its a click and the fact the President already ratted someone out isn’t good. we have a board member who was subletting illegally until he was approached…who’s going to take the board seriously.
We if I would of known about this document I wouldn’t of run.
We’ll have to change next year.
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I actually told the mgmt company that I’m not joining the board. Someone else joined and she’s actually a good person BUT I’m sure the shareholders are wondering why I decided to do that 2 days later. An email went out already.
Oh the President reported someone already and that’s why he didn’t run again .
I can’t be in the same space as her. It’s a team effort and a woman who worked in a completely different industry has no clue about the structure of a building. I do think she’s afraid of me because i confront her when she lies.
I started letting shareholders know already and they were upset and to me the Board loses credibility doing shady things right off the bat.
I will check her and the attorney. I’m the client and his click with her is unprofessional.
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