How Proxies Effect a Condo Election
Condo Owners please be extremely careful when you turn over your proxy to another person/s, a Condo Manager or Management Company or another 3rd party. The new licensing standards for Condo Management companies and Condo Managers prevents a Condo Manager in particular from soliciting for proxies either for voting and/or for quorum. Unfortunately, there is no exclusion at this time to prevent Condo Managers from receiving proxies and/or accepting the position as a proxy holder on behalf of an on-site or off-site Condo Owners who owns within the same Corporation where that Condo Manager represents.
The New Condominium Act and during the whole review process identified the need for licensing as a result of a thorough research into the industry. It appears as though more considerations and/or alerts need to be identified and regulated when it comes to Proxy Holders who have a conflict of interest in the voting process if there is a direct involvement with the same Condo Corporation.
It is imperative for Condo Owners to have fair and honest representation when electing candidates as a Board Members. Any manipulation relating to proxies and/or conflicts of those holding proxies can influence and control the final results of the elections. Remember candidates could be elected for up to 3 year terms and it is very difficult to remove Board Members in accordance with the Condo Act. It is best to ensure that Candidates win on their own merits and legitimate voting process.
Do you know or suspect if your condo building has this problem?
We would like to hear more from Condo Owners on this subject.
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