Become a director
The Act sets out specific criteria for directors and a condo’s governing documents can add additional criteria. Some condos may pass by-laws requiring that directors also be owners in the building.
Who can be a director?
According to the Act, directors must:
- Be an individual at least 18 years of age
- Not be bankrupt
- Not have been found incapable of managing property within the meaning of the Substitute Decisions Act or the Mental Health Act
- Not have been found to be incapable by any court in Canada or elsewhere
- Have complied with the required disclosure obligations
Directors have a continuous disclosure obligation throughout the duration of their term. Disclosing ensure they can avoid discussions where they may have a conflict of interest. The directors must provide these disclosures in writing and keep them current. Failing this, they would immediately cease to be a director.