Q My co-op has not had elections in many years, as the number of candidates always equals the number of seats on the board. This year, however, there will be more candidates than seats. Someone mentioned that we are supposed to have cumu…
Tag: Corporate law
Managing a co-op or condo community is far from an easy job. Six managing agents from some of the city’s top firms recently participated in the continuing series of roundtable discussions hosted by The Cooperator and the Federation of Ne…
It’s not a thankless job, necessarily—every once in a while residents will express their gratitude, if the elevator ride is sufficiently awkward—but it is a moneyless one. It’s also a hefty part-time job at best, and can at times take up…
Attracting new members to join your board of directors may be a daunting task. As current board members, you know that occasionally you need new members to keep the business of your co-op running smoothly—but people are often reluctant t…
Q I’m currently the vice president for our co-op, a 334-unit community on Long Island. We’re having difficulties with two of our board members. One has been on the board for five years, and has been very destructive. For example, this b…
Boards of directors are usually made up of ordinary people, elected or appointed by their neighbors to run their building smoothly and efficiently. Most board members do their utmost to fulfill that expectation, but occasionally, even th…