May 2022
Condo communities are run by an elected board of volunteers expected to make good decisions. When it comes time to replace members of the board, those with more experience can aid newcomers during the transition period.
An orderly transition of elected directors is the best way to ensure continuity and stability.
Board transitions typically occur at an annual general meeting when terms expire. Owners gather to re-elect incumbents or select replacements. Terms are usually staggered so not all directors are replaced at the same time.
Newcomers to the board can be more effective when they have access to the knowledge and expertise of those preceding them.
Stable boards are those where a majority remain in place year after year. A minority of new directors can contribute with new ideas and priorities while learning from more experienced individuals.
