During which event do owners elect the board and discuss corporation business?

The Annual General Meeting (AGM) is the designated event where condominium owners come together to elect the board of directors and engage in discussions regarding the corporation's business. This meeting is typically held once a year as mandated by the condominium's governing documents and relevant legislation.

At the AGM, owners have the opportunity to review financial statements, discuss important issues affecting the condominium, propose changes, and vote on various matters, including the election of board members. This process is crucial for maintaining democratic governance within the condominium community, ensuring that homeowners have a say in decision-making processes that impact their living environment.

In contrast, a Special Meeting may be called for specific issues requiring urgent attention and does not serve as a regular forum for overall governance and board elections. A Quarterly Review usually focuses on performance evaluation and updates, but it is not a formal meeting for electing board members or making significant corporate decisions. Lastly, a Budget Approval Meeting is primarily focused on financial planning and does not encompass the broader range of business and governance discussions typical of the AGM.