The Condominium holds an annual general meeting (AGM) of all owners within 6 months of year end (August 31). The Board of Directors meets more frequently, usually monthly. Special owners' meetings may be called by the Board, or a petition of owners who hold at least 15% of the common elements. The Corporation is governed by a Board of Directors, each elected for a term of 3 years. Elections for eligible seats are held annually at the AGM.