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Category:
General Building Operations
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Why Have Meeting?
Author:
Toronto Condo News
Publication date:
November 24, 2021
Article Summary:
Regular meetings of board members and owners/shareholders are essential for the proper functioning of a legally constituted condominium corporation. Properly called board meetings are necessary for official board actions on behalf of the corporation. Failure to hold meetings can lead to void board actions or increase exposure to litigation. Meetings can be efficient and effective when an agenda is followed and discussions avoided unless a proper motion has been made. Making and enacting decisions outside of a meeting is improper and likely not binding. Some boards allow residents to attend part of the board meeting to voice concerns or issues.
Keywords:
Regular meetings, board members, owners, shareholders, condominium corporation, legally constituted, official board actions, properly called board meetings, budgets, spending money, revising rules, hiring contractors, addressing problems, failure to hold meetings, void board actions, litigation, efficient meetings, effective meetings, agenda, proper motion, improper decisions, residents, attend, voice concerns, issues.
Source Citation:
Toronto Condo News
Why Have Meeting?
November 24, 2021
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