CCI Manitoba Chapter News
Condominium board accountability
Does your condominium board exhibit a lack of transparency, conflicts of interest or abuse of power? An article published by CondoBusiness, part of the REMI Network, examines these problems in the context of Ontario, which has a regulatory authority for both condominium boards and for condominium managers. While Manitoba lacks any meaningful regulatory authority, the article does provide useful information for owners, directors and managers.
To address accountability issues, boards should adopt and promote good governance practices including improved communication and transparency, proactively engage with unit owners and improve their own knowledge (see CCI Manitoba’s pathway to condominium director education).