What competencies does the Board of Directors (BOD) have according to the law?
The Board of Directors (BOD) has the right to propose amendments to the Articles of Association, develop a draft Common Parts Management System (CPMS), implement tasks assigned by the Association General Assembly, receive and consider complaints and appeals from Owners regarding the use of Common Parts, present financial accounts and budgets to the General Assembly for approval, appoint the Association Director, call for meetings of the General Assembly, keep records of financial statements and other documents, prepare draft budget estimates, communicate and coordinate with governmental or non-governmental entities, and form committees to carry out designated tasks.