HOA asks Ex TIDC MD: Why refer this to our accountants? Read his reply

December 28, 2018

Oh, what a tangled web we weave 
When first we practise to deceive!

From Marmion, a poem by Walter Scott, written in 1808.

Email from HOA to Willem Scholtz:

 From: gm@tihoa.xx.xx 

Sent: Thursday, 27 December 2018 4:49 PM
To: 'Willem Scholtz'; 'Thesen Islands HOA'
Subject: RE: Increasing the Bulk factor for Residential Buildings

Dear Mr Scholtz,

Your email below has been sent to the Board of Trustees.

On what basis do you feel that this issue falls within the province of the auditors ?

Regards

Paul Burchell  | General Manager  | Thesen Islands HOA 

Read Willem Scholtz's first email here Ex MD of the TIDC slams Trustees intent to add bulk

Willem Scholtz's reply (bold added):

From: Willem Scholtz  

Sent: Thursday, 27 December 2018 5:37 PM
To: 'gm@tihoa.xx.xx'
Subject: RE: Increasing the Bulk factor for Residential Buildings

Dear Mr Burchell

Let me then rather be more specific, why I have requested this matter also to be brought under the auditors attention.

Firstly I consider this matter outside the jurisdiction of the board of trustees and therefore the decision unlawful.  

I furthermore understand that this decision has been implemented and acted on by certain parties, which may hold risk and financial implication for the TIHOA, if the decision is proven to be unlawful.

It is therefore a matter of corporate governance and financial risk, which I do feel is matters of interest of the auditors.

Kind regards,

Willem