A PLACE TO BE
Sunday, April 19, 2015
A TIBIT PART III
Last Wednesday I asked to
have our Village attorney find out if eliminating the keeping of executive
minutes would impede owner rights in any way.
Just last month owners heard the attorney say “care” is one of the three fiduciary duties our Board should follow? He went on to explain that “care” meant acting in the best interests of the Association and its members?
So owners now have had eliminated
for them a decade’s old precedent that keeps records of who attends, what business
is discussed, and if business was done properly by our Directors when they are
behind closed doors. I find it hard to believe in any way that this is in the
best interest of owners?
We find not keeping
executive minutes might even contradict Article V Section 7 of our Bylaws which
to me seems clear that it demands our Secretary shall attend and keep the Minutes
of all Board of Directors’ Meetings.
Executive Minutes should
be a written record validating only those items above and not record verbatim
the director discussions which could later be used in litigation against LIV.
We will see what the
attorney says.
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