Every unit holder (property owner) is a member of CMMC, which means that any unit holder can become a Director. The Board exists to ensure financial and operational oversight and guidance of the Managing Agent (currently FirstPort) and to ensure Cholsey Meadows is managed as per the terms of all unit holders’ legal transfer documents. To deliver this […]
Category: About CMMC
When will you hold the next Annual General Meeting (AGM)?
A company AGM has prescribed content and format, often including acceptance of annual accounts and Board Directors elections. The 2009 Companies Act does not require a company the size of Cholsey Meadows Management Company to hold an AGM. However, we recognise it is good practice to do so. We held our first AGM on 10th […]
Read More… from When will you hold the next Annual General Meeting (AGM)?
Why have you not held an Annual General Meeting (AGM) yet?
Whilst a number of snagging issues remained around the site that Linden Homes (now Bovis Homes) needed to resolve, the CMMC Board was not willing to accept full handover of the site. We could not reasonably accept handover before these were resolved because it would have meant our service charge would have had to take […]
Read More… from Why have you not held an Annual General Meeting (AGM) yet?
How do you intend to increase communication and transparency around CMMC activities?
This website and our Facebook page are our main communication channels. You can find lots of background information here and we update the News page every month. We recognise that not everyone can access digital and social media, so we will continue to print Newsletters and post to all residents regularly. You’ll always find out […]
Read More… from How do you intend to increase communication and transparency around CMMC activities?
What are the Duties of the Directors?
The fundamental duty of Directors is to act to promote the success of the Company (not to champion personal causes) as well to ensure compliance with statutory requirements. For CMMC, the primary duties of the Directors are to make sure that: The development remains a pleasant and enjoyable place to live. The common areas are […]
How can I become a Director of CMMC?
Only members of the Company (i.e legal owners of property on Cholsey Meadows) can become a Director of CMMC. Anybody interested in becoming a Director must be willing to act in the interests of the development as a whole and to work within the framework laid out by the Articles of Association. They must also […]
Are the Directors paid?
All Directors take part on a voluntary, unpaid basis in their spare time. […]
How are Board decisions made?
The Board assesses issues and recommendations on the basis of facts, analysis and evidence as far as possible. Decisions are ideally approved unanimously by consensus but by majority vote of Directors if necessary. There is no requirement to consult with or have a vote by members in reaching a decision and it would be impractical […]
What size is the Board?
The minimum size of the Board is four Directors, with a maximum of 10. A workable size for such Boards is usually in the range of 9 -12 Directors. […]
How are the Directors appointed?
Directors are selected based upon their willingness to serve and comply with the terms of the Articles of Association as well as their professional knowledge and experience in a variety of public, private and charitable fields. As far as possible the mix of Directors seek to draw from all areas of the site to give […]