Four ways to replace the board
There are four ways to replace the directors. Each has its strengths.
Requisition a
meeting
of owners
A requisition for a special owners meeting can be used to replace one or more directors or the whole board.
The board must hold an owner’s meeting if 15% of the registered owners
sign a petition requesting one. However, to remove a board member or
members you need 50% plus one of all owners to vote for the removal, either in person or
by proxy. That is a tough hurtle and it is designed to
to be difficult to remove the directors in all but the most extreme
cases.
The higher the number of renters residing in the building the
harder it is to get sufficient signatures.
Elections at the
AGM
As long as your board holds Annual General Meetings, you have a chance
to elect different candidates to the board. If a quorum of 25% of the owners is
present, either in person or by proxy, then the candidates with the
most votes are elected.
Go to court
If you cannot vote the incumbents out of office, you can apply for
relief from the courts. This is the most effective way of implementing
change but it is also the most expensive.
Wear them out
A stubborn, a power hungry or a corrupt board will hang on to office
for as long as they can. However, weak, lazy, incompetent or
disinterested directors will, sooner or later, tire of the infighting and will either
resign or will not run for re-election.
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