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07/19/2017 email from BoD to members

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 PostPosted: Wed 19 Jul 2017 8:17 pm   

Joined: Fri 20 Oct 2006 11:42 pm
Posts: 3
Location: Grove Oklahoma
I find it rather interesting how our BofD sends an email out, encouraging us to "render our proxy" to them, and in exchange, they will enter us to win a 7-day vacation cruise. Does anyone else find this as "drawing outside the lines"? By clearly using club funding for an all expenses cruise so that they, the BofD can secure as many proxies as possible? :( I spell that "dirty pool".

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 PostPosted: Wed 19 Jul 2017 10:07 pm   

Joined: Fri 27 May 2005 6:15 am
Posts: 3507
See this thread and the one next to it:

https://wmowners.com/forum/viewtopic.php?f=53&t=47384

Sue

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 PostPosted: Wed 19 Jul 2017 11:26 pm   
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Joined: Tue 11 Nov 2008 1:20 pm
Posts: 4565
Location: San Antonio, TX
You might think that it is illegal. And you might even think that is unethical. But it is allowed by law:

Without authorization of the board, no corporation funds may be expended to support a nominee for director after there are more people nominated for director than can be elected.

Here is the thing. The presumption in a corporate election is that the members agree with and support the agenda of the BoD. That if/when the direction of the corporation is not to the liking of the majority of the members, then they will vote against the agenda of the incumbent BoD. Since people will naturally act in their best interest, and certainly would not cast votes for incumbent BoD members if they disagree with the governance/direction.

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 PostPosted: Thu 20 Jul 2017 8:04 am   
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Joined: Wed 14 Sep 2011 12:00 pm
Posts: 334
Out of 240,000 owners is it possible that misinformation on a large scale might cause people to not "act in their best interest" or hopelessly be apathetic as a result their inability to individually effect a change they may personally feel would be to their benefit???

Kind of what the Sales staff depends on to convince people who attend an "informational meeting" to buy credits at ridiculous prices vs buying on the secondary market I wonder how many attendees would buy retail if they knew they could get the same level of ownership at roughly 15% of retail ( $ 0.30 vs $ 2.00 per credit). Yah no travel share but do they understand the limited value of that added cost. I don't think there would be many retail sales which would " Be in their best interest" ?

My point is there is a sucker born every second, who does not even know what their best interest is due to lack of or false information and will blindly look for somebody to follow. The reason for a Board is assumed to act in every ones best interest because they may not understand what theirs is. Just because someone does not know what is in their best interest is does not mean they agree or condone what is coming their way.

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