What is the role of the Board of Directors?
The Owners Association is made up of all the owners or their duly appointed representatives, and is managed by the owners of the building or community under the guidance and direction of the Owners Association Board of Directors (“the Board”).
The Board comprises a minimum of five and a maximum of seven members and the developer may not be represented by more than one member on the Board. The Board members are not paid for their services and must ensure the functions of the Owners Association are carried out in accordance with the law and the constitution. Owner members nominate and elect the Board by a majority vote of the owners on an annual basis at the Annual General Assembly.