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Annual Meeting May 12th

posted Apr 16, 2011, 11:53 AM by Marc Donner

Election of Board Members

All seven current directors are seeking new terms. Shareholders are encouraged to submit their nominees to run for a board position.

Job Description

The board manages and supervises the finances and activities of the Cooperative. In doing so, it has focused on reducing our costs without sacrificing service and on protecting and enhancing shareholder value.

The Board usually meets on the first Monday of each month to address matters that require immediate attention as well as longer-term strategic issues.  Individual board members also work with shareholder committees (Community Room, Energy, Interview, Gym, and Landscaping), liaison with LTCA, supervise ongoing activities, and take on projects.

On average, members devote about 12 hours a month, plus the regular monthly meeting.

Who Should Serve?

Current directors have backgrounds in general management, law, technology, finance, engineering, and communications.  Having these or other equally relevant and complementary skills is important, as is the ability to work together collegially as a team.

Availability is important.  Issues can and do evolve that must to be resolved promptly.  Having the time for and commitment to Board responsibilities is necessary.

The board should be representative of the community.  Commitment to the welfare of 205 West End and its residents is essential.

What are the rewards of board membership?

Board members play an important role in the management of what is, for each shareholder, one of the most important assets. They also take a leadership role in a community of nearly 1000 people, who rely on us for thorough attention to issues and prudent judgment.

To put your name before the shareholders:

Submit a single page that includes a brief biography plus a statement describing what motivates you to join and what you can contribute.  Include a photograph.  It will be included with proxy materials.  Bring your page to the management office or email it to management@205westend.com by April 22nd.