ROLE OF THE BOARD OF DIRECTORS

The Board of Directors will set the policy of the Corporation on matters affecting enforcement of its By-Laws and the control management and administration of the real and personal property and the common property.  Additionally the Board will direct the activities of the Management Company. ACMS will report directly to the elected Board of Directors. The Board will exercise its statutory duties under the Alberta Condominium Act and will delegate said powers as it sees fit by ordinary resolution of a quorum of Board members at a properly convened Board Meeting. The Board will be subject to the pleasure of the Owners of the Condominium Corporation, its By-Laws and the Act.

It is important to note that all Board decisions are GROUP DECISIONS. Such decisions must be MOVED SECONDED and VOTED upon by a quorum of the Board and the results of that vote clearly stated in the minutes. Therefore, any request that requires Board action MUST BE IN WRITING. Board members should not be phoned nor should any owner knock upon their door requesting that they make some decision in the name of the Board. Not only is it important to protect the privacy of Board members, but also to allow the Board to function as it should AS A GROUP.

BOARD OF DIRECTORS - OFFICER POSITIONS

(To Be Nominated and Elected By Board Members)

PRESIDENT

The President of the Board is the Chairperson at Board meetings and annual general meetings. The President should work with all committees and have a general idea as to all work in progress with committees and contractors. To be effective in handling meetings, this person should always work from an agenda and hold all meetings in a business like fashion, following parliamentary procedure. Wasted time at meetings is a sure way to dissuade enthusiastic Board members from attending more meetings.

VICE-PRESIDENT

The Vice-President stands in for the president if the position is vacant and in many cases this person would move to fill the president's position if elected in the following year.

SECRETARY
 
The secretary is responsible for maintain the corporation's records. This person does not necessarily need to be the person who records the minutes at meetings, but these documents are one of the most important segments of the corporation's records.

TREASURER

The treasurer is responsible for the financial transactions of the corporation.  This person may not be the person who does all the banking, but normally would be one of the authorized signing officers for banking transactions. It is most important for this person to understand how the corporate funds are managed. The quickest method to "get up to speed" as a new treasurer is to give the financial report at each Board meeting.

GENERAL

The above listed duties and responsibilities are summarized excerpts from a number of sources. More importantly is an unwritten duty to "act fairly in the best interests of All Owners"� This duty is referred to in legal terms as "Fiduciary Responsibility (loyalty and good faith)"� In general, as a Board member, you must act honestly in all matters, and even if a decision of your Board okay an adverse effect on you personally, if it is for the betterment of all owners, your personal interests must not interfere with your decision.