Concerned Shareholders

The Concerned Shareholders Club believes that every resident’s voice matters, especially during election season. Here’s what residents need to know about the upcoming elections:

• Mutual Board elections are held annually in each Mutual.

• GRF Board representative elections are held every other year, and are separate from the Mutual Board elections.

• Those who live in an odd-numbered Mutual are currently voting for their GRF Board representative, including Mutual 14. All residents will vote in the Mutual Board election.

• Each unit receives one vote for the GRF Board representative, regardless of how many people live in the unit.

• For an election to be valid, a quorum of 33.3% of units within a Mutual must cast votes. Failure to reach quorum triggers a costly re-election process—estimated to be between $10,000 and $20,000—expenses paid directly by the residents of that Mutual.

• GRF representatives serve as a Mutual’s voice on the broader GRF Board. This person holds a fiduciary duty to act in the best interests of all shareholders.

The club encourages every shareholder to reflect on if they feel heard and if their best interests are being represented by their current leaders, and to vote accordingly. This election is an opportunity to help shape the direction of Leisure World.

The GRF Board also makes critical decisions, including hiring the executive director.

Ballots must be mailed by Tuesday, May 27, to ensure delivery at the Inspector of Elections by June 2.

The Concerned Shareholders meet the fourth Thursday of the month. The next meeting is May 22 in Clubhouse 3, Room 2, at 1 p.m.

The All Hands meetings continue on Mondays, in Clubhouse 3, Room 2, from 6-7 p.m.