The prime ballot position changes
Here is a proxy for an AGM where the Treasurer and a director are
running against three challengers. There are two elections, one for a
general director position and a second one for the owner-occupied
position.
Here we see three games being played.
Prime ballot position
The Treasurer is placed in #1 position on the proxy ballot for the
general director position with the director placed in #2 position. The
three challengers are placed at the bottom in positions #3 to #5.
For the second election, for the owner-occupied position, the top two
prime ballot positions are reversed with the director placed in #1
position and the Treasurer placed in #2 position. The three challengers
remain at the bottom in positions #3 to #5.
Alphabetical order
When it comes to listing the candidates in alphabetical order, that
custom was followed only for the challengers who are listed in
positions #3 to #5.
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The Treasurer and the director have their present positions on the
board listed on the proxy ballot. These "info-ads" give the two
incumbents a further advantage when the owners fill in their proxies.
I don't think that any of the owners caught on to these games at this
AGM but since I have been talking to three owners at that condo, the
owners will be reading the proxies when they receive this year's AGM
package.
ACMO affiliates
The troubling thing is that the examples that I have shown so far are
all from different property management companies that are ACMO
affiliated and the condos are in three different municipalities.
This shows that proxy form fraud is a big problem in Ontario.
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