remuneration for directors

[Mark Brough]

It has always been the feeling of the board that directors should be volunteers, and should not receive any remuneration or honorarium. This is to avoid any issues with mild corruption, such as leaseholders joining the board, or remaining on the board past their sell by date, simply in order to collect a payment.

However, I am increasingly doing significant work because of inadequacies at 3Sixty. And Robin spends a significant amount of time with the accounts at least twice a year.

So I propose that we agree at the AGM to pay directors £50/hr for significant, specific jobs with they undertake.

This will involve:

• Designing, discussing, agreeing and documenting a policy.
• Agreeing at the AGM.
• Checking if we need to change DRBML's constitution.
• Checking if a payment increases the obligation and liability of a director.
• Checking if we need to change the directors' liability insurance.
• Time keeping.
• Approvals.

The disadvantage is that 3Sixty may feel justified in dumping more and more work on us.

Examples:

• DRBML generally has a current strategic problem regarding snagging. 3Sixty rarely snag work, never in detail, and a very large proportion of all jobs that we undertake are not completed satisfactorily, resulting in later distraction and expense. For the Hills project this is not acceptable, and DRBML has to spend time to snag this. I have instructed 3Sixty to invite me on their snagging exercise. That will take perhaps 3 hours including preparation and write-up.
• We have a drainage problem. 3Sixty's response has been trivial. I have spent two hours today investigating, photographing, researching previous attempts to fix, and delegating work via the forum. There is no way that 3Sixty would ever address this long-standing issue to such a methodical extent.
• Robin undertakes specific accountancy tasks which 3Sixty staff would never be able to complete reliably.
• ... and very many other occasions where DRBML cannot depend upon their managing agent to act in a timely, quality, cost-effective and competent manner over resolution of issues.