Action of appointing a natural person to sit on the board of directors of a syndicate of co-owners. The method of appointment of directors is determined by the declaration of co-ownership which generally provides that the appointment of a director falls within the competence of the general meeting of the co-owners.
WHAT YOU SHOULD KNOW! The first director, the provisional director, is generally appointed by the developer under the terms of the declaration of co-ownership. Subsequently, other directors are appointed, generally following a ballot (election), held at the special transitional general meeting.