Executive Committee Membership of an Owners Corporation
One of the big differences between living in a ‘good’ Owners Corporation and a ‘bad’ one is how good the executive committee functions.
The executive committee of a Owners Corporation is the group of elected owners (or their representatives) who are responsible for running and maintaining the block of units/apartment building/strip of shops/office building or whatever the structure of the Owners Corporation is.
Who sits on an executive committee?
Office holders – or executive committee members – are usually elected at the executive committee meeting following the first Annual General Meeting. Even if there is a strata managing agent and certain duties have been delegated to them, the secretary and treasurer are still able to exercise their powers, if they choose to do so. In most instances the strata managing agent performs all the functions of the secretary and treasurer and they operate in a supervisory position.
In addition to the members, each executive committee will vote in a chairperson, secretary and a treasurer, all who have specific functions. These include:
- Chairperson: The role of the chairperson is to conduct executive committee meetings and to decide on issues relating to voting and procedure.
- Secretary: The secretary will be responsible for organising executive committee meetings and minutes, and related correspondence and administration.
- Treasurer: The executive committee treasurer deals with levy notices, bank accounts, and financial statements and other financial records.