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.