Conflict of Interest

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  • 27/01/2013 at 3:51 pm #8665 Reply | Quote
    tracer

      In our strata, 2 members of the 7 member EC have a direct conflict of interest in the provision of trade services to the building. Although they do not vote when the contracts / agreements are approved at committee meetings, they have ‘won’ all work in this particular field since joining the committee.

      And the amounts involved aren’t petty – the most recent contract signed was $28,000.

      The EC believe that is is all above board as they didn’t vote on the issue. However it smells.

      Understand that there is no provision in NSW strata legislation covering this (we are an old building).

      Any advice appreciated.

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    Reply To: Reply #17773 in Conflict of Interest
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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