Meeting Tuesday 2 April – Company Law Signposts for OMCs

An understanding of Company Law is key to the successful running of every Owners’ Management Company.  Do you know where to find guidance on the conduct of an AGM?  Where can you locate information on directors’ duties, and board meetings?

The Office of the Director of Corporate Enforcement has kindly agreed to present to us on the subject of Company Law for Owners’ Management Companies.

The presentation is intended to offer signposts on matters including the following:

  • Conduct of General Meeting – Annual and Extraordinary
  • Directors’ duties
  • Conflicts of interest

The session is for guidance, and ought not to be taken as legal advice, or opinion on specific cases.  A Q&A will follow the presentation.  We very much appreciate the ODCE’s engagement with the Network.

Please note an earlier start time of 6.30pm

Our usual open forum will afford the opportunity to share experiences and learn from others.

So that we may plan the event, make sure to complete our meeting attendance form to confirm your attendance on Tuesday 2 April.

Join us for tea, coffee and sandwiches from 6.15pm.  We will begin the meeting at 6.30pm sharp.

Directions to Wood Quay Venue are here.

We look forward to seeing you and remember to let us know you’re coming.

Please keep in mind the earlier start time of 6.30pm.

Volunteering as a director – our recent submission

We recently submitted a response to the ‘Call for Input‘ from the Department of Rural & Community Development, addressing volunteering as a director of an owners’ management company (“OMC”).

Estimates are that 15,000 to 20,000 people act as volunteer directors of not-for-profit OMCs.  Giving of their time and effort, they support thousands of apartment and housing estates, and communities, across the country.

The submission deals with issues including the following-

  • Challenges to volunteering
  • Contribution to social capital
  • Suggested supports to encourage volunteering

‘Hot topics’ from February meeting

Presentation Thanks – Service Charge Collection and Debtor Management

We wish to express our appreciation to Setanta Landers of Reddy Charlton Solicitors for his presentation on Wednesday 6 February 2019.

A full house in Wood Quay, followed by a spirited Q&A session, stressed the importance of the topic for owners’ management companies.

Combined with sinking funds guidance from John Duffy in November, the Network continues to supply essential knowledge to OMC directors and apartment owners.

 

Property Management Agent Licensing

Responding to a ‘hot topic’ from our last meeting; providers of property services for reward must hold a licence from the Property Services Regulatory Authority.  In fact, it is a criminal offence to operate for reward without a licence.

Check the register of licensees to ensure your agent is in good standing.  Use the Authority’s complaints process to deal with problematic situations.

 

ODCE Handbook on Company Law for OMCs

This is the ‘go to’ publication for Company Law queries in relation to OMCs.  Rules on voting, AGMs, board meetings, company membership, etc., are all explained.

While the Handbook remains to be updated for the provisions of the Companies Act 2014, the principles and guidance are largely unchanged.

 

Next meeting

For details of our next meeting (late March/early April), keep an eye on the website, Twitter @ApartmentOwners, and Facebook.