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May 30, 2016

Director Qualifications & Corporate Governance

The most important component of any condominium is its board of directors.  Care should be taken to help ensure that your condominium corporation and your investment are protected, by carefully examining the director qualification provisions.  The director qualification requirements prescribed by the Condominium Act, 1998 are not of great assistance, as they are limited.  Accordingly, it is left to each condominium corporation to ensure that its by-law contains the requisite director qualification provisions to best protect the condominium.  Typically, the introduction of a few amendments to the by-law greatly assists in this regard.  For further information, contact mgraziani@finedeo.com.

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