What is a proxy vote?
Voting at any General Meeting of a condominium corporation is usually done in person. An owner does so by casting a ballot or raising their hand. But sometimes an owner may not be able to attend a meeting, yet they still want to participate in the voting process. A proxy vote allows an owner to vote in absentia. The owner signs a proxy form and delegates another person to vote on their behalf.
Why use a proxy?
Proxies are often used when members (in this case, owners of a condo) have a financial interest in the organization. Condo owners do have an interest in protecting their investment and in the substantial reserves that are held by the condominium corporation. Continue reading