Our co-op is going to propose to remove one of the board members at our annual meeting.
Are the people who have received absentee ballots also entitled to vote on the issue to remove the board member?
We have been informed that the proposal to remove the board member will be voted on separately,
Sounds like they are going to vote this proposal by a majority of members that are present at the meeting, If this be the case; will it negate the absentee ballots who are entitled to vote for the directors?
It seems to me that if you have been given the authority by another member(s) to vote for the directors, you should also be able to vote on their behalf to keep or remove the board member in question.
Hi,
I received a request from an owner that wanted to add insultation to the parking area. The owner stated they would perform the work and absorb all the costs. At first, I thought it was a good idea, but then started thinking about all the liability that comes with it. Any thoughts on how to approach it when an owner is volunteering for the work? or does this mean we should treat the owner as an independent contractor? Any advice is much appreciated. Thanks!
DC
Have any of the Board members had experience with sublets/renters wanting to enter a lease-to-own agreement with the cooperative? If so, please opine on the process/requirements.
I had a sublet, who's been renting with the coop for nearly 2 years, asking if that's possible. Any insight/comments are welcome. Thanks in advance!
I understand that some coops have rules or guidelines regarding shredding sensitive information like buyers" financials. What about sensitive e-mails (with attachments). Shoukd they eventually be deleted? And what of Board related e-mails once Board members leave office?
> Join the conversation Comments (2)If there are two building projects competing for priority, e.g., non emergency garage ramp rehab versus new planters, of similar cost, what is the best way to gauge shareholder preference? Is a written survey ever used for this purpose?
> Join the conversation Comments (1)
We are in the process of replacing our current laundry service provider. We have been using Service Directions for years but it's getting almost impossible to get service on the machines in less than 3-4 days.
We have received bids from both CoinMach (though a little concerned since we found out they took over Service Directions about the time service times started declining) and Hercules.
Any other services that can be recommended? Suggestions on things to consider and or avoid? Top Load vs front load, etc. Thanks!!
See the link below from an article from the NY Post this morning. I know our coop has used them in the past for some years. Be aware...
http://nypost.com/2015/03/27/dirty-heating-oil-scam-affected-nypd-fdny-stations/
We're coming off a rough winter season where one of our snow plow vendorshas refused to service our building due to lack of payment, which is being worked on. However, the super is directly telling shareholders that the Board isn't paying the bills, which is far from true. Would his actions be considered insubordinate and if so can the Board push for a formal reprimand against the super?
> Join the conversation Comments (1)Does a Board President have the authority to make a motion and have it voted on by email?
> Join the conversation Comments (1)I'm a shareholder in a midsized Brooklyn coop. My complaint today is regarding the useless BODs my building has in power. A couple of these people are sickly and elderly and others are not involved to the point where they have no idea about common housing laws, what type of boiler the building has, how the financials look from month to month. They never question what money is being spent on. They all depend solely on the management company to not just give guidance but tell them how things should run and what to do about various issues. Most of these people have been living here for decades and have no idea about the current NYC laws, housing changes, finance matters. They're dead weight waiting for the building management to tell them what to do. The problem is replacing these people would not be an easy task since most the people in the building as a whole are long time shareholders who just don't want to get involved. I can't blame them really. I'd like to trust my BOD and trust that they're doing the best job they can and trying very hard to keep on top of things. Truth be told, I don't trust these people one bit and I'm losing sleep over this investment. Any ideas?
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You can't vote to remove someone! You vote that person off the board by replacing him/her with someone else ... and that cannot be a "separate" vote.
The sole purpose of the annual meeting is to elect a board. There can be only one election.
It is completely illegal to disallow proxies/absentee ballots. It's a fundamental shareholder right.
By the looks of it, that director seems to have quite a bit of support from proxies, which explains the "separate vote without absentee ballots".
ps: Many bylaws allow the shareholders to call for a new election, before the annual meeting, via a petition signed by at least 10% of the shares.
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