Tag: Corporate governance

Management Under New Management
2012 September Under New Management

 For the most part, human nature is fearful of change; people are more likely to  stick with what they have and what they know, rather than explore new  possibilities and take on unknown risks. That’s certainly the case with condo and co-o…

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Board Operations Under Your Wing
2012 August Under Your Wing

 Remember your first day at a new school? Most likely, you didn’t know a soul, had no idea what the students were learning and you probably felt  nervous, intimidated or maybe even afraid. In most cases, this is what it’s like to be a new …

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Q&A Q&A: Limited Information
2012 August Q&A: Limited Information

Q Our co-op board has begun a policy of forbidding individual members to communicate with other shareholders about any issues in the building, not just legal matters. Any queries are answered with a stock reply. This board did not run …

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Q&A Q&A: Payment of Legal Fees
2012 April Q&A: Payment of Legal Fees

  Q I am a shareholder in a newly formed co-op in Harlem. About six or eight months  ago, the super was fired and a new one was hired. The fired super still lives  in his apartment (provided by the co-op) and has filed a discrimination l…

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Q&A Q&A: Is it Ethical to Get Paid?
2012 February Q&A: Is it Ethical to Get Paid?

Q Is it ethical for board members or immediate family members to choose to do a job that would normally be something the community would get together to do for free (i.e. spreading out mulch in the park, pressure-washing the gazebo or …

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Q&A Q&A: Shareholder Input on Maintenance Projects
2011 September Q&A: Shareholder Input on Maintenance Projects

Q I am a shareholder in a four building, 68 unit co-op. Two years ago, shareholders voted down a board proposal to replace the building’s 23-year-old windows. Recently, the board has decided to go ahead with the project which will co…

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Shareholder Relations How to Get Heard
2011 February How to Get Heard

As a shareholder or condo owner, you’ve got a gripe. Whether it’s about Mrs. Smith’s poodle barking all day, the neighbor’s teenaged son who blasts his heavy metal music full-volume when his parents aren’t home, or a long-coveted parking…

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Q&A Q&A: Access to Meeting Minutes
2010 December Q&A: Access to Meeting Minutes

Q “The board was advised by one of the owners that we must mail all the minutes of each directors’ meeting to all the owners. Is this correct?” —Out in the Open A “In order to answer this question it would be nece…

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Q&A Q&A: Unnecessary Insurance?
2010 Nov Q&A: Unnecessary Insurance?

Q I live in a co-op complex of a few hundred apartments. After 60 years without apartment insurance the present board suddenly decided that all shareholders must carry insurance. This translates into an additional expense of approxim…

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Board Operations Responding to Residents
2010 March Responding to Residents

 We all have needs. Wants, too. In a co-op or condominium, the significant needs  or wants of the shareholders and unit owners usually have to be routed through  the board or management company.    In theory—and, by and large, in pr…

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