My board fired the property management company. We were all in favor of this. The board decided to self-manage. Now they want to be compensated and they are calling themselves The Management Team. Isn't that Breach of Duty? They are a board that is self-managing. They are not a management company. Additionally they mentioned something about the annual meeting and if they are managers they are staying on in their capacities as Managers. That is violating our by-laws which states that we have an annual election for the board. Isn't this a breach of Duty of Loyalty?
Answers (5)
What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.
