multiple lot owning company dominating executive committee

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  • 01/04/2012 at 5:35 pm #8035 Reply | Quote
    2000and1
    Flatchatter

      Hi all, 

       

      Big problem with a strata involving commercial and residential owners with about 40 lots. 

      7 commercial lots are owned by one company and have approximately 23-24% of unit entitlements. 

      The company has 3 directors.

      As a company that owns 7 lots, are the company directors allowed to nominate up to 7 people on the executive committee? 

      Are they allowed to nominate all 3 directors and then use their unit entitlements to put 3 people on the executive. 

      If so, are they able to vote for themselves or must they rely on other lot owners for each of their nominations? 

       

      Am I right in assuming they can call for a poll vote in the election of EC members?

       

      thanks in advance. I’m really struggling to unravel this one! 

    • Creator
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    Reply To: Reply #15253 in multiple lot owning company dominating executive committee
    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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