I agree they shouldn't be responding to every individual question on a daily basis, but if it's true, for example, that our new benefactor is choosing who to put on the WS Board, the members should be given the chance to review, comment and if they want to, vote against that option.
I wouldn't expect many to object, but if the WS ends up doing things behind our backs without any consultation and without requiring consent of the members then we might as well just scrap members' voting rights.
I'd at least expect something along the lines of "Here's the conditions of the loan, it's our only realistic opportunity to buy the shares for the society, the vote to approve will take place on Friday" - or whatever.
I'm sure I'd vote yes, but I'd like the right to vote. It's bad enough that the Society excludes non-local members from participating the their meetings - we should at least be participating in something as significant as this.