The board once again at the October 10, 2013 AGM, refused to allow unit owners to appoint an auditor as is required in our bylaws. Without inviting any participation from those attending, the treasurer immediately following his financial report made a motion to the effect that THE BOARD WILL MAKE ANY SUCH DECISION. This is most inappropriate conduct on the part of a treasurer and board member of the Corporation. The other board members supported this motion and in turn displayed a lack of understanding or respect of the bylaws as well.
Considering the above and the obvious resistance to responding to questions of the financial report, residents have every reason to question this behavior of their board. Why does the board continue to make every effort to prevent the appointment of an Auditor at Annual General Meetings? Many unit owners find this behavior to be very unusual and raises a great many questions and concerns. One must certainly wonder why current board members who adamantly supported an audited report for many years, have now bowed to the position of others on the board who oppose an audit. With million dollar projects in the very recent past and being considered in the near future, there has never been a more appropriate time for an audit.
In the last few years, the board has unnecessarily spent hundreds of thousands of dollars of other peoples money. Yet, this board continues to not only breach provisions of the Bylaws requiring the appointment of an Auditor at the Annual General Meeting, but fails as well to demonstrate respect or responsibility for the Corporation’s finances. The excuse of trying to save money is not a valid reason to refuse an Audit, is obviously very irresponsible, and further, gives good reason for serious questions and concerns when hearing this excuse time and time again.
Any attempt of the board to make such an appointment without the required participation of all unit owners at a general meeting can of course not be legally recognized by unit owners of the Corporation.
Please refer to the following which was posted on May 27, 2013.