Are developer decisions at the first AGM and a 25-year caretaker contract legal?
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During the first AGM, a director of the developer was appointed as the original owner's representative. This person nominated and accepted themselves for all statutory positions (chair, secretary and treasurer). They determined they had a quorum and declared that the meeting decisions were not restricted items under the BCCM and, therefore, did not require a secret ballot. They executed agreements with a caretaker who is a subsidiary of the company for which they are a director. The agreement is a 25-year contract that no owners reviewed or considered.