The chairman may or may not have any administration, business or management skills. He or she may find themselves responsible for a small body corporation or a large complex or a management corporation with tens of millions of assets.
A chairman, who is fair, considers the needs of his members (the unit owners) and is prepared to learn and understand the complexities of their property can be a real asset to a body corporates smooth operation.
A body corporate committee is elected at the Annual General Meeting (AGM). The AGM must be held each year and under the Act within 15 months of the last AGM. One of the items on the agenda for the meeting is the election of the committee which must be a minimum of 2 and a maximum of 7 members. At each AGM the existing committee must stand down and a new committee is elected. The committee then hold a committee meeting to elect the chairperson, the treasurer and the secretary of the body corporate for the coming year.
If the elected chairman has the skills to do the job and is able to work with the body corporate manager then a harmonious environment can be established and cultivated. Working with an effective committee and professional body corporate managers will improve the quality of life of the property residents and value of the owner’s investment.