Find ways to encourage condo owners to attend AGM
The letter “Well-run condos usually have poor AGM attendance” (Aug 24) is rather interesting.
The letter “Well-run condos usually have poor AGM attendance” (Aug 24) is rather interesting.
It says condominiums “usually have many investor-owners, and it has been the norm for the majority not to attend the annual general meeting, especially if the management council runs the condo well”.
Then, in the next breath, it says: “Owners who are concerned about the huge sum of estate funds should be encouraged to join the council.”
Statistics should be provided for the assertion that there are many investor-owners. The Building and Construction Authority (BCA) should be able to get the figures.
Also, which condos are well-run? The BCA should promulgate good practices so that others could learn.
AGM attendances are poor because management councils and managing agents, adhering to the proviso in the Building Maintenance and Strata Management Act, proceed even without a quorum, but with at least two subsidiary proprietors present, after a time lapse.
The question therefore is: How are owners to be encouraged to attend the AGM or join the council when that is not in the incumbents’ interests?
AGMs are called at the convenience of the council and the agent, who are not required to send reminders to attend once the agenda notice is given out. There is thus a need to have at least 20 per cent of subsidiary proprietors present for an AGM to proceed.