#57644
Jimmy-T
Keymaster

    Your company title is a company, which means its rules are set by it specific “articles” and by company law.

    There’s nothing to stop anyone proposing anything at an AGM, but then there’s nothing to stop you or anyone else from proposing amendments.

    The first one that springs to mind would be that the Board sets an hourly rate for the work and the directors who wish to be paid have to claim the money and the time for specific tasks.

    I would also propose that those chargeable tasks be identified and established.  Reading emails, no; writing emails, perhaps.  Board meetings, yes, travel time, no – that kind of thing.

    I would also propose that the directors who want to be paid go away and and come back with a proper business model for this at the next AGM (otherwise they’re just raiding the biscuit tin).

    In other words, if they want to run the building like a business, they’d better put some business-like protocols in place.

    Oh, and what are the managing agent’s duties while they are doing all this work? That also needs to be addressed.

     

    The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.