EOGMS

Stayers are experiencing these current problems with EOGMs and should feedback to all concerned on any problems they are encountering in the process which includes:

1. Bullying and disorderly behaviour on part of the pro-sellers.
2. Lack of procedures on voting eg by balloting or raising of hands.
3. Lack of clarity on submission of motions.
4. Lack of clarity on what it means to "consider" something at EOGMs.
5. Lack of clarity on whether SPs (especially Stayers) are entitled to ask questions and obtain responses from Sales Committee, Agent or Lawyer.
6. Can items in the CSA override the intention of holding EOGMs eg owners who sign the CSA are automatically included in any future EOGM requisition forms.
7. Problems with MC/SC who manage EOGMs.
8. Sequencing of EOGMs - clarity on whether some SCs can collapse them into 1 or not.

We are sure the property agents/lawyers/SCs will push for: collapsing EOGMs so that one needs hold less; requisitions for EOGM can be extended across EOGMs so no need to obtain signatures everytime they want to hold EOGMs; limiting any Q&A to not more than 20% of the session time; disallowing motions which are not included in the LT(S)A; not requiring voting for particular EOGMs so that they are purely informational only etc.

In other words, what changes in the LT(S)A would make things easier for the SC to conduct EOGMs quickly, efficiently, and with minimal input from SPs. Be prepared to counter the property agent or lawyer's attempt to paint a bleak picture of EOGMs being stonewalled because of logistical and administrative difficulties, as well as resistance from Stayers... it's your home, you should have a right to be heard.

As you need to ensure that EOGMs are conducted to give due process, do not be steam rollered into consenting to any process which makes for a sale without transparency, accountability and fair practices.

If you have any experiences to share with us, do write to us here.