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The Director’s Responsibilities and Governance

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Publication date:
September 17, 2020
Article Summary: 

This section highlights the responsibilities and governance of condominium directors in accordance with provincial legislation. It emphasizes the fiduciary duty of directors to act honestly and in good faith in the best interest of the Condominium Corporation. The article explains the hierarchy of governing documents, including the Declaration, By-laws, Rules, and Policies, and how they secure the rights and expectations of owners and residents. It also discusses the importance of effective communication with unit owners and the role of annual general meetings in the decision-making process. The article encourages transparency, informed decision-making, and adherence to the law to ensure a well-functioning condominium community.



Keywords: 

Director's Responsibilities, Governance, Provincial Legislation, Consumer Protection, Board of Directors, Fiduciary Duty, By-laws, Rules and Policies, Declaration, Annual General Meetings (AGM), Quorum, Voting, Proxies, Communication, Complaints, Transparency, Effective Decision-making, Condominium Community, Unit Owners, Town Hall Meetings




Source Citation: 
The Director’s Responsibilities and Governance
September 17, 2020
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