It seems to happen year after year after year: An entrenched board refuses to hold elections or annual meetings. At one such co-op with the same board members “for almost 20 years,” writes a shareholder, a meeting finally was scheduled for the first time in four years. “There was no list of nominees provided,” the writer says. “We called management, [who] said they would only tell us who the nominees are at the meeting. Right after the meeting was scheduled, a group of people asked to be nominated for the board. Management is preventing these people from being included on the ballot.” Read the article………………
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