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Hello
On a related matter, what is the definition of owner in this context? I am thinking of the situation where an agent becomes the company nominee thus being able to “side-step” the intent of the law(as I read it). As company nominee and agent for the same said properties there appears to be a substantial conflict of interest(and currently power) to ensure decisions are taken in self-interest.
Currently that power is being abused when decisions or actions by the EC are not favourable, and the EC is moved against at EGM’s seeking more favourable EC members installed. These include a fellow agent who manages some of the company said properties, as well as fellow travellers who just happen to be managed by the former agent and would also benefit from more favourable decisions.
Sunny