Strata act spells out rules for potential conflicts of interest
Dear Tony: Our strata corporation is over 100 units and we are about to start some major construction. Two of our council members have construction backgrounds and both have ongoing working relationships with the consultants, potential contractors and the suppliers we might eventually end up using. The issue of conflict of interest has been raised by a number of owners in the strata because of these relationships, but these council members feel they have no conflicts because they are owners like everyone else and were elected by the owners knowing they work in the industry. How do we resolve this issue and maintain a level of goodwill with these council members that will be important to our projects? Read the Q&A…………….
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