Got your strata annual general meeting (AGM) coming up? While this might not be the most anticipated event on your calendar, it’s a vital time for owners to gain insights on the past and present issues affecting your community.
If you’re attending your very first AGM, you may wonder what to expect. We answer some common questions here.
How will I know about the meeting?
If your name is on the strata roll, you’ll receive notice at least seven days to the prescribed timeframe outlined in the legislation.
What’s on the agenda?
AGM’s typically start with the minutes of last year’s meeting, which can be particularly helpful for new owners.
The agenda must also include:
- Information about insurance policies,
- A copy of the year’s financial statement,
- A motion for the election of the Executive Committee,
- A review of the budget and any general business items,
as well as a range of other topics.
Can I raise a motion at my AGM?
Anyone who is entitled to vote is also entitled to ask for a motion to be put for the general meeting by at least 7 days.
To do so, you must give written notice to the Managing Agent naming and explaining the motion. Only motions that have been included in the agenda will be discussed at the AGM, so be sure to put your request in well ahead of time to avoid waiting for the next meeting.