The Committee of Management (COM)
At each Annual General Meeting, the shareholders of GCHA elect a committee to discharge particular responsibilities to do with running the block. People can choose a role that fits their existing skill set and availability, or develop skills anew.
The Committee’s responsibilities include, among other things:
Producing properly audited annual accounts
Managing the Association’s bank accounts and handling all financial issues
Collecting service charges for the upkeep of the block
Selecting new applicants to purchase flats
Organizing maintenance of the block, both day-to-day and long-term
Insuring the building
Supplying up-to-date information to the Regulator of Social Housing and other official bodies
Keeping residents’ information secure at all times.
The COM meets once a month – usually on the last Wednesday of the month. Shareholders who are not Committee members are encouraged to attend as observers, provided that they are not in service charge arrears or do not otherwise owe the Association money.