2007 Annual Meeting Proxy-Urgent Attention

According to current information, there are only five Directors although we should have nine Directors. The reason for this is that four Directors have resigned: MacKinnnon, Komine, Froehlich, and Breinich. The remaining Directors are Keith Horita (Interim Board President until the Election of Directors on March 13), Eric Hill (Interim Vice President), Harry Inouye (Treasurer), Win Straube (Interim Secretary), Jon de Mello. Among these five Directors, the terms of the following three expire at the conclusion of the election of new Directors at the Annual Meeting of March 13: Keith Horita, Eric Hill, and Jon de Mello. The first two, Horita and Hill, decided to run for reelection, and the last, de Mello, decided not to run. Inouye and Straube continue to serve as Directors beyond the election.

All current Directors except Straube have been serving as Directors for 13 years by going through reelections for 13 times. Additionally Inouye has been serving as Treasurer for 13 years. This is highly unusual for any condominium association. Since we joined as members of the Nauru Tower Association three years ago we have observed that the decision making process of the Board of Directors has not been transparent to most association members and the Board has not followed up on recommendations of general members.

To have a well functioning Association which is engaged in the interests of its members, there is urgent need of electing Directors who will bring fresh, new approaches to the management and problems faced by the Association, who will give full attention to the needs of the Association and who are responsive to general members’ recommendations. We have a unique opportunity of accomplishing this. However, we should not be too optimistic because of the following facts. If history is a prediction for the future, the current Directors may receive a considerable number of proxies merely because assigning proxies to the sitting Board of Directors as a whole is the easiest way of completing our Proxy Form. Depending on how the Proxy Form is completed, the sitting Board of Directors as a whole may use the assigned proxies according to the preference of a majority of the Directors present at the Meeting. Therefore, there is a good chance of reelecting the current two Directors, Horita and Eric Smith. Additionally, they may cast their votes to candidates who are agreeable to them.

Because of the reasons stated above, I urgently recommend that you assign your precious proxy to one trustworthy person if you have not submitted your proxy form yet. If you do not have one reliable person for the proxy assignment, I recommend assigning your proxy to Win Straube, the only reform minded champion among the current Directors (unfortunately, he is in the minority among the current Directors). He is open minded and easily approachable by Association Members. Most importantly, he is a truly trustworthy man, who places top importance to the interests of our Association.

If you plan to cast your vote by attending the coming 2007 Annual Meeting, I recommend that you pay close attention to each candidate’s plan for bringing transparency to the Board of Directors’ decision-making process and for addressing recommendations by general Association Members.

If you don’t attend the Annual Meeting, a completed Proxy Form should be delivered to Hawaiiana, the management company hired by Nauru Tower Association, by 4:30 pm of March 9, 2007 (Friday). Their mailing address is:
Hawaiiana Management Co., Ltd.
Attn: Anne-Michelle
Pacific Park Plaza, Suite 700
711 Kapiolani Blvd.
Honolulu, HI 96813 USA

If you decide to give your proxy to Win Straube or another trustworthy person,
you need to check the third option box in the 2007 proxy form and write in Win Straube or another person. Please do not check the first or second option box since this assigns your proxy to the current Directors.

For your convenience, 2007 Proxy Form is reproduced partially below.

ASSOCIATIOIN OF APARTMENT OWNERS OF NAURU TOWER
PROXY
.
[ ] The Board as whole, to be voted on the basis of the preference of a majority of the directors present at the meeting

[ ] The Directors present at the meeting and the vote to be shared with each director receiving an equal percentage.

[x] Win Straube or another trustworthy person
The individual whose name is printed on this line.
.
.

PRINTED NAME(S) OF OWNER(S) [REQUIRED BY LAW] : SIGNATURE(S) OF OWNER(S) [REQUIRED BY LAW]

Print your name(s) here Your signature(s)


UNIT NO(S): your unit no. DATE SIGNED: date of your signature
[REQUIRED BY LAW] [REQIRED BY LAW]


Your careful consideration of the recommendations stated above would be greatly appreciated.

Kan-ichi Hayakawa, Ph. D.
Professor Emeritus, Rutgers University
Unit #3901
Kan812117mae@AOL.com