Rehoa Board of Trustees

  It appears this resolution was passed unanimously. Which means no one objected? No one among the fiduciaries asked "how will an increase of 333% from 1.50 to 5.00 per sq. affect the residents? Not a single trustee manifested any concern for the residents? This is hard to swallow. The Code of Ethics promulgated by the HLURB emphatically said the interests of the homeowners are first and foremost. CODE OF ETHICS AND ETHICAL  STANDARDS FOR OFFICERS AND  MEMBERS OF THE BOARD OF DIRECTORS Sec. 9. Primacy of the Interests the ASSOCIATION  9. 1. All officers and board members shall strive for the common good of the  association, foregoing personal or professional interests. All decisions and  representations by the officers/board members must be made with the best interests of the  Association. In the performance and discharge of the officers and board members' sworn  duties and responsibilities, conflicts of interest must always be avoided. (How are t...

  Did the Association lose some collections for homeowners' dues  because some bad actor/s managed to pilfer them? This was confided to me by several people in the know. Warned not to spread a rumour, I said the Board should confirm this or deny, otherwise suspicions, blame, guesses, etc will flood into the information vacuum. Advice not taken. In the interest of accountability and transparency, if such pilferage did occur, can the board tell us what actually happened? When? How the loss was determined? Who were the person/s involved?  What amounts are we talking about? How much can still be recovered, if any? Was any action taken on the person/s responsible? And lastly, if this sorry episode really happened, as admitted by someone in authority, can the Board tell us why they have not acknowledged this?

Be aware

What the Board should do at annual meetings of REHOA REPUBLIC ACT NO. 11232 SEC. 49. Regular and Special Meetings of Stockholders or Members At each regular meeting of stockholders or members, the board of directors or trustees shall  endeavor to present to stockholders or members the following: a) The minutes of the most recent regular meeting which shall include, among others: (1) A description of the voting and vote tabulation procedures used in the previous meeting; (2) A description of the opportunity given to stockholders or members to ask questions and  a record of the questions asked and answers given; (3) The matters discussed and resolutions reached; (4) A record of the voting results for each agenda item; (5) A list of the directors or trustees, officers and stockholders or members who attended  the meeting; and (6) Such other items that the Commission may require in the interest of good corporate  governance and the protection of minority ...

  Early on, having created an organization plan, the board elected and distributed positions and titles among themselves. Mr. Ayop was elected President and Gen Manager. As has been the practice for years, the President has always been regarded de facto General Manager, even if this title was hardly used. The box in their organizational chart read "President/Gen Manager."  (The "scrubbed"  minutes belatedly split the office and position, so the President and GM were made to occupy 2 separate boxes in the chart to clothe it with the veneer of legitimacy.) Following the decree from the    primus inter pares,  the board resolved to compensate him (in addition to his per diem and gasoline allowance??) at the rate of P20,000 monthly (with 13th month pay?) Here is what  Section 15.  Association Bylaws under RA  9904, in part, reads: (e) The qualifications, positions, duties, election or appointment, and compensation of other officers and emplo...

  On  Jul 6, 2023,  I wrote a letter calling out the Board for their actuations I found  unusual and disturbing. I've been resident here for 12 years, and it's only this time I find the trustees' performance of their fiduciary responsibilities questionable. The board dismissed my concerns as personal sentiments of someone possibly suffering from premature dementia, and instead invited me to sit down with the officers. I declined for fear being surrounded by powerful, rank-conscious authoritarians could easily descend into a dreadful  Kafkaesque nightmare. Those same concerns are expressed in this blog, believing that residents will want to have a sense on how our fiduciaries are disbursing Rehoa funds. Recently, I read minutes of meetings indicating the board passed a resolution increasing homeowners' dues  (to P5.00 per sq. meter from P 1.50???),effective in 2025. I thought throwing some light at this time, on how responsible they were in their fiduciary r...