Re: Conflict of Interest

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01/02/2013 at 2:47 pm #17751
tracer

    @kiwipaul said:


    @tracer     said:
    I intend placing a motion on our AGM agenda to deal with conflict of interest issues but not sure how to phrase it.

    I regret to say the NSW Strata act dosn’t address the confilict of interest issue and so you have to rely on the honesty of the individuals concerned as you cannot legally stop them voting for their own motions concerning anything.

    You might be able to introduce a bylaw that addresses this issue but to get it approved you would need a 75% vote in favour of the new bylaw passed at the AGM and then registered with NSW gov.

    Thanks for this, kiwipaul. Realise the NSW Strata Act is mute on this issue however intend to submit a motion on the AGM agenda so owners mayCry have the opportunity to air their views. Probably won’t get up however may prompt the EC to put some controls in place (wishful thinking). Our EC pretty well does what it likes (strata laws or not).