Structure of a VvE
The structure of a homeowners’ association (VvE) consists of three parts: an executive board, an audit committee and a General Members’ Meeting.
Board.
To keep decision-making on track, a VvE needs a board. As a rule, a board consists of a chair, a treasurer and a secretary. The board regularly takes stock of what is going on among residents, puts these topics on the agenda of the General Members’ Meeting (ALV) where appropriate, and sees to it that the decisions taken at an ALV are carried out. The board members are elected and appointed by the ALV.
If residents are not prepared to take on these board roles themselves, board duties can also be outsourced, in full or in part, to an external professional party.
Even then, the residents always remain jointly responsible for the financial and structural condition of their apartment building.
Audit committee
Because a VvE usually has no supervisory board, it has an audit committee, which checks the annual financial statements drawn up by the board and therefore has access to the complete accounts.
The audit committee consists of at least two people who are themselves owners and members of the VvE. These people may not be active on the board of the VvE and are elected and appointed each year by the ALV.
General Members’ Meeting (ALV)
Both the board and the audit committee are accountable to all VvE members at the ALV. This makes the ALV the highest decision-making body within a VvE.
For more information, see the chapter ‘The General Members’ Meeting’.