Spotlight on: Annual Meeting Presentations
May 1, 2015 — Last week, we shined a spotlight on how to choose the right venue for your board meeting. This week we take a look at the presentation the board prepares for the annual meeting. The presentation allows the board to keep building residents abreast of what's happening in the building, such as the building's finances and planned capital improvements or projects.
Presentations by board members instead of the building’s various professionals (accountant, attorney, engineer/architect, designer/decorator, property manager) result in a less formal atmosphere. On the other hand, professional presentations lend a more ritual milieu to the meeting, which may be appropriate to a particular building. You should choose what works best for you.
Sometimes, circumstances warrant the presence of a particular professional, such as an engineer, architect, or decorator to explain a controversial capital project, an accountant to describe disconcerting financial statements, or an attorney to dispel concern over controversial legal issues. Presentations by local police and fire department representatives or politicians concerning community issues can also lend substance.
Board members should also consider when planning for an annual meeting how detailed they want their reports to the community to be, and whether the use of props such as charts or Power Point presentations is warranted. Lengthy and numerous presentations tend to cut into the time available for owner Q&A/gripe sessions.
And regardless of how detailed the board is about financial statements in its presentation, it should still distribute the statements to building residents several days prior to the meeting. This will give people a chance to review the numbers and not feel like they've been given too little time to review and have questions ready.
Up next week: Agenda
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