The Resolution increasing homeowners' dues to P5.00

 

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 the best interests of the Association served by a 333% increase in dues? Are they thinking of increasing expenditures 3-fold!!???)

In section 9.2

xxxxxx  the conduct of each officer/board member shall at all times be above reproach and free of any appearance of impropriety.

I want to believe there is at least one, two at the max, honorable persons mindful about us residents who would have voiced some concern for the residents, at least some concern that even a few residents will be asking questions, seeking  explanations how more than tripling the dues to 5.00 per sq meter rate can be justified?

 

sidebar:

Sec 23 SEC. 23. Election of Directors or Trustees REVISED CORPORATION CODE OF THE PHILIPPINES (RA  No. 11232)

The directors or trustees elected shall perform their duties as prescribed by law, rules of good corporate governance, and bylaws of the corporation.

Corporate governance refers to the framework of policies and guidelines that inform a company's conduct, decision-making and practice. This infrastructure is built upon four key principles: accountability, transparency, fairness and responsibility.