Coop Board Communications Problems

Started by anonymous
over 8 years ago
Discussion about
Hi there, I'm a new homeowner and bought a coop last year. We had our first shareholders meeting last month and it was clear there were a lot of concerns and issues the shareholders have (including myself) with our super, renovations, transparency, communication and lack of representation of resident board members. We have 5 board members only 1 of which lives in the building and only 3 board... [more]
Hi there, I'm a new homeowner and bought a coop last year. We had our first shareholders meeting last month and it was clear there were a lot of concerns and issues the shareholders have (including myself) with our super, renovations, transparency, communication and lack of representation of resident board members. We have 5 board members only 1 of which lives in the building and only 3 board members showed up to the annual shareholders meeting, which apparently hasn't taken place in 2 years. It was a very verbose meeting w/a lot of heated discussion but nothing has happened and I was optimistic that things would change or at least we'd be able to have a more open dialogue, but we still have no way to communicate w/ our board except thru our managing agent; there is still only 1 board member who actually lives in the building (all the other board members rent) and so it feels like much of the larger concerns are not being addressed. What can shareholders do in a situation like this? There is a board member from what I understand has a few sponsor apartments, which is why there was no quorum at our shareholders meeting. Help! Thanks strangers for any advice. [less]