Apathy – The biggest Danger to Indian Hammock

A community of apathetic Owners/Members will breed Boards of Directors that will ignore their Fiduciary Duties to the Owners/Members and will overstep their authority, infringing on Owners/Members’ rights.

Unfortunately, that is what happened in the past, and is happening now in Indian Hammock.

In the January 19, 2020 Election of BOD, as per the Hammock Herald:
Voting members in attendance: 81
Proxies voted: 109
Not Voting: 103
Unused proxy: 6
Total voting: 299

Let analyze these numbers:

  • Not voting at all – Zero interest, by 103 of 299 being 34.5% of voting power.
  • Proxies Used and Unused – Leaves to others to decide, 115 of 299 being 38.5% of voting power.
  • In Attendance – 81 of 299 27% of voting power.

These numbers mean:

  • 73% of voting power don’t have a personal interest in choosing the BOD.
  • 27% of voting power has a personal interest in choosing the BOD.
  • A few individuals, being the holders of a large number of Proxies, dictates who will be on the BOD.

This can, used to, and will be, exploited by the BOD, and not for the benefit of the Owners/Members.

Safeguarding and Restoring the Rights of Indian Hammock Owners/Members requires a major increase in Owners/Members participation and input.

The voting system can be updated to include early voting by Owners/Members, this may reduce the number of “Not Voting” and I believe will switch users of the Proxies, especially those who are not full time residents, to personally vote.

Your comments and opinion will be highly appreciated.

1 thought on “Apathy – The biggest Danger to Indian Hammock

  1. Pingback: Renegade Doards of Directors | Indian Hammock Owners' Voice

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s