An Annual General Meeting is when the unit owners of a Condominium Corporation meet to discuss and review the following items:
- report of the outgoing Board of Directors;
- review of the financial statements;
- appointment of auditors for the current fiscal year (if applicable);
- report on the insurance coverage held by the Corporation
- approval of proposed improvements, alterations, additions or renovations (if applicable);
- election of directors for the ensuing year;
- other business, if specified in the Notice of Meeting;
Other business may include resolutions for changing the By-laws or Rules if proper notice has been provided.
