Which committee typically addresses the overall strategy and governance for the condominium?

The Board of Directors is the governing body responsible for making strategic decisions for a condominium corporation. This committee plays a crucial role in setting the overall direction, policies, and governance framework for the condominium. Members of the Board are usually elected by the owners and have the responsibility to represent the interests of the owners, manage the property, and ensure that the condominium operates in compliance with relevant laws and regulations.

The Board's responsibilities include overseeing financial management, ensuring that the property is well-maintained, and making long-term strategic plans that align with the needs and desires of the community. They also handle more complex issues, such as governance matters, dispute resolution, and amendments to the condominium's by-laws. In essence, the Board of Directors is tasked with the comprehensive oversight and governance required to maintain and enhance the condominium’s value and community living experience.

Other committees, such as the Finance Committee, focus on specific areas like budget management and financial oversight, while Operations Committees handle day-to-day management tasks. The Community Engagement Committee would typically engage residents and promote community activities rather than manage governance strategically.