ELECTION OF DIRECTORS FOR OUR ASSOCIATION

March 14, 2007

TO: Fellow Unit Owners

We witnessed a history-making event yesterday evening. As described by Win Straube’s blog article, we had the Election of Directors at the 2007 Annual Meeting of Nauru Tower Condominium Association held March 13, 2007. The number of Association members attending the Meeting was about 50 – 100. We did satisfy the quorum requirement for the meeting since the sum of the number of assigned proxies and number of Proxy Forms for a quorum purpose only exceeded 50%.

There were seven vacancies in Directorships that were filled through the election, an unusually large number of vacancies due to the resignation of four directors out of the total of nine directors. Among the five remaining directors, terms of three were expiring at the conclusion of this Election. Two of the three decided to seek reelection.

Five persons informed Hawaiiana Management Co. of their self-nomination for a Directorship before March 10, the deadline for printing the names of candidates on election-ballots that were going to be distributed at the meeting (one of the five announcements arrived too late for printing his name on the ballot). Hawaiiana Management Co. has been assisting the management of our association for over 10 years.

In addition, there was an unusually large number of self-nominations for Directorships at the meeting, about five. After tallying the ballots cast, which was monitored by two volunteers, election results were announced as described in Win Straube’s blog article1).　Through the election, reform-minded directors became majority in the Board of Directors. With this, it is now possible to improve the management style of the previous Board that has been in power for over ten years.

Immediately after the conclusion of the Annual Meeting, the first meeting of the new Board of Directors was held. The participants were the seven newly elected Directors and two existing Directors (Harry Inouye and Win Straube). They voted for the new officers and committee chairs as described in Win Straube’s article2). As shown in the article, the former officers were replaced by reform-minded Directors completely. Additionally, we had same outcome for the committee chairs. Our new President (Win Straube) informed the Board the formation of one new committee called Information and Communication.

With your kind support, we were able to accomplish the near complete make-over of our Board of Directors under effective leadership of Win Straube who had been the lone reform-minded Director on the previous Board.

Kan-ichi Hayakawa, Ph. D.
Unit 3901
Kan812117mae@AOL.com

1) Elected Directors listed in the alphabetical order of their last names together with numbers of years of their terms in parentheses.
Robert Bosley (2)
Gerald Greer (2)
Setsuko Hayakawa (3)
Charles Heitzman (2)
Eric Hill (3)
Keith Horita (3)
Doug Shackelford(1)

2) Officers of Board
Win Straube President
Gerald Greer Vice President
Setsuko Hayakawa Treasurer/Secretary

Committee Chair
Administration & Personnel
Robert Bosely
Budget & finance Setsuko Hayakawa
Building & Grounds Charles Heitzman
Legal & Rules Setsuko Hayakawa
Information & Communications
Gerald Greer