• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

What Happened to the Second Independent Director on the Embarc Board?

cd5

TUG Member
Joined
Mar 20, 2008
Messages
386
Reaction score
404
Points
423
Location
Montreal, Canada
Resorts Owned
Embarc
From early 2016 to January 2018, the developer disclosure stated that there were two independent board members. We were in full expectation that the election in June 2018 would have on the ballot the second independent director position as well as one that was not (Robert Reyes position).

Until the amendment in January 2018, the disclosure statement said:

"Members may cast all of their votes for one candidate or allocate their votes among more than one candidate, provided however that at least one director (the "Independent Director") must be elected solely by the Voting Power of the Resort Point Members. The current Independent Directors are Mr. Kenneth Smith, who was elected for a three year term in 2014, and Mr. James Orr, who was elected for a three year term in 2015".

The incumbent, James Orr (who is not an employee of DRI and is a member of Embarc), has never been elected according to the rules for electing an Independent Director. The Declarant (DRI) has always voted for this position and by casting their votes for him has ensured that he was elected. You will remember that the Declarant (DRI) has 15 times the voting power per point that individual members have.

Last December, Club Intrawest Owners Group members participated in an email campaign to the Board to let them know that we expected the disclosure statement to remain unchanged for the next election in June 2018 and that we fully expected individual members to be the only ones casting votes for the position held by James Orr. The result? DRI amended the disclosure statement! The 8th amendment was approved in January 2018 under the Real Estate Development Marketing Act of British Columbia to state that:

"Members may cast all of their votes for one candidate or allocate their votes among more than one candidate, provided however that at least one director (the "Independent Director") must be elected solely by the Voting Power of the Resort Point Members. The current Independent Director is Mr. Konrad Kawalec, who was elected for a three year term in 2017.

Therefore, subsequent to that amendment, it is confirmed that our Board has only one truly independent member - the position currently held by Konrad Kawalec.

Unless Embarc members vote in large numbers and do not split their votes between two or more candidates, James Orr will once again be re-elected to the board by the Declarant, as has been the case for the past 14 years.

Embarc members- please vote - and please cast ALL your votes for one candidate

- the one endorsed by the Volunteer Coordinating Committee -

Chantal Desjardins

 

WBP

TUG Member
Joined
Jun 6, 2005
Messages
662
Reaction score
341
Points
423
From early 2016 to January 2018, the developer disclosure stated that there were two independent board members. We were in full expectation that the election in June 2018 would have on the ballot the second independent director position as well as one that was not (Robert Reyes position).

Until the amendment in January 2018, the disclosure statement said:

"Members may cast all of their votes for one candidate or allocate their votes among more than one candidate, provided however that at least one director (the "Independent Director") must be elected solely by the Voting Power of the Resort Point Members. The current Independent Directors are Mr. Kenneth Smith, who was elected for a three year term in 2014, and Mr. James Orr, who was elected for a three year term in 2015".

The incumbent, James Orr (who is not an employee of DRI and is a member of Embarc), has never been elected according to the rules for electing an Independent Director. The Declarant (DRI) has always voted for this position and by casting their votes for him has ensured that he was elected. You will remember that the Declarant (DRI) has 15 times the voting power per point that individual members have.

Last December, Club Intrawest Owners Group members participated in an email campaign to the Board to let them know that we expected the disclosure statement to remain unchanged for the next election in June 2018 and that we fully expected individual members to be the only ones casting votes for the position held by James Orr. The result? DRI amended the disclosure statement! The 8th amendment was approved in January 2018 under the Real Estate Development Marketing Act of British Columbia to state that:

"Members may cast all of their votes for one candidate or allocate their votes among more than one candidate, provided however that at least one director (the "Independent Director") must be elected solely by the Voting Power of the Resort Point Members. The current Independent Director is Mr. Konrad Kawalec, who was elected for a three year term in 2017.

Therefore, subsequent to that amendment, it is confirmed that our Board has only one truly independent member - the position currently held by Konrad Kawalec.

Unless Embarc members vote in large numbers and do not split their votes between two or more candidates, James Orr will once again be re-elected to the board by the Declarant, as has been the case for the past 14 years.

Embarc members- please vote - and please cast ALL your votes for one candidate

- the one endorsed by the Volunteer Coordinating Committee -

Chantal Desjardins


Nauseating.
 
Top