What is the role of the Annual General Meeting in condominium management?

The Annual General Meeting (AGM) serves several crucial functions in condominium management, one of the most important being the election of the board of directors. The board is responsible for making key decisions regarding the management and operation of the condominium corporation, so electing a qualified and representative board is vital for the community’s governance.

During the AGM, owners have the opportunity to voice their opinions, ask questions, and participate in the governance of their community by voting for candidates who align with their views and priorities for the condominium. This process ensures that the board reflects the interests of the unit owners, fostering a sense of community involvement and accountability in the management of the condominium.

While updating bylaws, approving financial statements, and organizing community events are also important aspects of condominium management, these activities often occur as part of the broader agenda of the AGM but do not represent its primary role. The election of the board is central to the governance structure of the condominium, making it a defining element of the AGM's significance.