Adams Stirling PLC


QUESTION: Our board meets at 6:00 p.m. in the manager's apartment. The manager has recently started to serve wine and hors d'oeuvres prior to and throughout the meeting. As a shareholder in a million dollar corporation I do not feel this is appropriate. I would appreciate your opinion.

ANSWER: The practice is not illegal but it could present problems. If the directors drink excessively, their judgment will be impaired when making decisions for the association. Also, if they injure themselves on the way back to their units, claims could be made against the association's insurance. However, if their drinking is light--a glass of wine, then it may be harmless.

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Adams Stirling PLC