The board and committees

The board

The board is appointed (or dismissed) by the meeting of owners. It manages the resources of the association and ensures the implementation of the decisions of the meeting of owners. (BW5:131) Furthermore, the board is in charge of the board of the VvE, taking into account the provisions of the deed and the division rules. These tasks include the drafting of the budget, the financial administration of the VvE, the debtor monitoring, etc. The board can outsource part of its tasks to an administrator and this saves a lot of work.

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The committees

Several committees can be formed in a VvE, which are appointed by the meeting of owners. The two most common committees are the cash commission or the cash audit committee and the technical committee.

The cash committee or the cash control committee shall consist of at least two members who are not allowed to be part of the board. It shall review the association's financial annual reports and report its findings at the meeting of owners. It then advises the meeting to approve or reject the annual reports. If the annual reports are approved, a decharge award will be provided by the board and/or the administrator for the policy and management carried out for the past financial year. This means that the meeting approves the account and accountability and thereby frees the board and/or the administrator from all further enquiry and accountability. The book will be closed.

The technical committee generally consists of one or two persons whose task is small simple technical matters, such as replacing lamps and receiving technicians. In addition, they can support the board and the administrator in assessing bids for major maintenance.