Subscribe for Daily Updates!
Is it possible to create a board position for Governance? (i.e. Director - Governance). This is a position that would ensure that the board has and follows proper processes and procedures and governs itself in a professional and ethical manner?
Thank you
Does management agent have to be present at board meetings??
The managing agent should be at the board meetings in order to provide the board with updated information and answer questions the board members have. If you don't trust your managing agent you should get rid of him or the managing company. The managing agent is essential for the board to operate otherwise it operates blindly. The only time the board should meet without the agent is to take action against the agent or discuss issues related to the agent.
So every vindictive action taken by the board against a unit owner is with the full knowledge and consent of the management firm?
Should be however saying that the private and public sector in recent years have migrated to either a Governance Board, Sub-Committee, individual etc. whose primary role is to ensure that there is governance - and that includes ensuring that the president is performing his required duties.
You most likely can't create a Board position due to the restrictions placed in the bylaws, but the existing Board is probably provided with the ability to create a committee of one or more directors (or residents) to oversee various issues. This could be the way to enact a position such as this without stepping on the bylaws.
Thanks Mark. I am actually in Toronto Canada so I am not sure if there are By-Laws here for that - I will have to check that out.
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
This is the Presidents duty!
Thank you for rating!
You have already rated this page, you can only rate it once!
Your rating has been changed, thanks for rating!
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.