Upcoming Election – Asking for Proxies’ Holders Names and the number of proxies.

January 2019 election was determined by:
Proxies Used and Unused – 115 of 299, being 38.5% of the voting power.
In Attendance – 81 of 299, being 27.1% of the voting power.
(103 Votes, being 34.4%, did not participate in any way.)

In the January 2019 election, a candidate needed 79 or more votes to win a board seat.
The bigger three or so proxies’ holders can determine the outcome of the election,
agreeing which candidates they will jointly support and put on the BOD.

Our documents allow this faulty Election System and should be changed to establish a much better-updated system that will incorporate computers, the internet, emails, video conference, etc. All were not in existence when Indian Hammock documents were written.
It probably will take years to achieve these changes, as it requires 2/3 of the voting power

My goal and the reason for this posting is to achieve some transparency BEFORE the upcoming election.
I call on the BOD to publish and advertise the names of the five biggest proxies’ holders in each of the last three elections and the number of proxies each had.
I call on the BOD to make it a standard procedure to provide this information each year.

I understand this is not a “priority” for the BOD members who may enjoy the current system.

If you wish to bring a little transparency to the upcoming election, help put the pressure on the BOD and join me in demanding the list of names and the number of proxies each had.

1 thought on “Upcoming Election – Asking for Proxies’ Holders Names and the number of proxies.

  1. David Etzion Post author

    This is an update. The Management office was very helpful and provided all the requested information

    Like

    Reply

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