Restrictions on the executive committee | The Professionals | Flat Chat Forum: Your Questions Answered
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Our executive committee spent 6 times more than the amount approved by the owners corporation for a works proposal. How can the owners corporation put a restriction on the executive committee so that this doesn’t happen again? The owners corporation wants to keep an eye on expenditure.
It is mandatory to include a motion on the AGM to consider placing restrictions on the EC to make decisions on any matter or type of matter, so it would be possible to seek a resolution that spending over a particular threshold be referred to a general meeting.
One of the better solutions is to jump on the Committee, get involved.
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