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Question:
Does a body corporate need a chairperson?
Answer:
The short answer is yes. Each and every body corporate is required to have a chairperson.
In terms of prescribed management rule 18 a chairperson must be elected at the first meeting of trustees after the annual general meeting. The elected chairperson then holds office until the completion of the following annual general meeting at which new trustees will be elected.
If the chairperson is disqualified from office in terms of the rules of the scheme or resigns during the period of his/her office the trustees must elect another chairperson who will hold office as such for the remainder of the first chairperson?s term.
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