› Flat Chat Strata Forum › Company Title › Directors want to be paid › Current Page
Well those shareholders who are not in favour of the agenda item can simply not vote that way at the next AGM, and encourage others to vote the same via discussion, so that a majority vote against the motion is obtained. After all, it is shareholder money that is going to fund the payments to the Board members and no other owners are going to want to do that on top of levy payments and payments to the managing agents, are they?
How are your directors voted in? If it is some sort of informal self nomination process, or a more formal nomination, seconding and voting by shareholders? Either way, these positions are, to my knowledge, unpaid voluntary responsibilities and if directors are not prepared to take office on that basis, then they can withdraw from the Board and others be voted in their place.
Unfortunately, in many company title buildings, those who want to be on the board are entitled power hungry manipulators who want to rule the roost and need to be quashed.