To Proxy or Not to Proxy
The Chicago Tribune recently posted an article about proxy voting and received over 120 comments from community residents nationally. The results showed that there was strong support to allowing proxy voting and staunch opposition to its use. Very few were indifferent to the idea.
The obvious benefits include allowing voting for unit owners who do not live in the area and they can allow for a quorum for voting when not enough members attend the meeting.
There can be fraud in using proxies such as forgery and it can also allow unit owners to push their own agendas if he/she can collect enough proxies to sway the outcome of a vote.
I have lived in a condominium community and I think that proxies are a necessary “evil”, if you will. It can be frustrating to not have enough attendance to make a quorum when there are time-sensitive issues at hand, like voting on a budget or special assessment.
In some states, proxies are mandated by state law so there is no choice as to whether or not to have them.
What has been your experience with proxies? Are you in favor of them or opposed to them.
Image courtesy of Stuart Miles/freedigitalphotos.net
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Check out our article in Common Interest magazine on page 19!