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Good Governance for Management Corporation (with Enhancement)

Event code: 78063


INTRODUCTION
The increasing sophistication of property owners and their rising expectation for good governance in managing strata-titled developments could pose a daunting challenge to the management councils. It is important that members of the management councils of such developments are well-equipped with the knowledge of the regulatory framework and the related accounting and auditing requirements under the provisions of the Building Maintenance and Strata Management Act (BMSMA).


OBJECTIVE
At the end of the course, participants will gain an insight into the regulatory framework, the roles and responsibilities of the stakeholders in strata developments, the procedure in conducting general and council meetings of the Management Corporation, the by-laws of Management Corporation and the accounting & auditing requirements that govern the managing of strata property developments. Topics on budgeting, maintenance, management and sinking fund will be discussed. A module on handling disputes is included.


CONTENTS

PART 1 - ROLES AND RESPONSIBILITIES OF STAKEHOLDERS
Regulatory and Submission Requirements
• Overview of BMSMA Framework
• Submissions to COB - What you need to know?
Handling Disputes
• Ways of Managing Conflict
• Contrasting Mediation from other Dispute
Resolution Mechanisms
• Benefits of Mediation
• Core Mediation Skills
• A Model of Mediation
Duties and Responsibilities of Developer (Before Handover)
• Duties and Responsibilities of Developer before formation of MCST
• Handing over from Developer to MCST
Duties and Responsibilities of Management Council (After Handover)
• Roles and Responsibilities of Management Council
• Administration of Estate & Common Property
• Delegation of Powers, Duties and Responsibilities
to Managing Agent

PART 2 - ESSENTIAL KNOWLEDGE FOR GOOD GOVERNANCE

Effective Conduct of General Meetings and
Council Meetings of the Management Corporation
• Regulations Governing the Convening and Holding of Meetings
• Conducting General Meetings
• Conducting Council Meetings
By-Laws of Management Corporation
• By-Laws Governing the Management Corporation
• Purpose and Effect of By-Laws
• Disputes and Enforcement of By-Laws
Accounting Requirements
• Accounting
• Tax and Exemptions
• Internal Account Audit vs External Audit
• Enbloc Liquidation


LECTURERS


MR CHUA SIONG BOON - Deputy Director, Building Management Department / Building Plan & Management Group, Building and Construction Authority
Mr Chua obtained his Bachelor of Real Estate (Property Management) from the National University of Singapore and Bachelor in Land Economics from the University of Technology Sydney. Currently, he handles works relating to strata management.

MR LIM TAT - Managing Partner, Aequitas Law LLP
Mr Lim was called to the Singapore Bar in 1989 and admitted as a Solicitor of the Supreme Court of England and Wales in 2004. Mr Lim had vast experience in practice and law relating to management corporation and strata title issues. Mr Lim is an IMI-certified mediator and accredited with many distinguished institutions in many countries. He is presently a Principal Trainer of SMC’s Adjunct Training Faculty and has been recognized for his legal profession.

MR CHAN KOK HONG - Managing Director, SavillsCKH Pte Ltd
Mr Chan heads SavillsCKH Pte Ltd. With his expert knowledge of the BMSMA, he is one of the foremost professionals in the management of strata titled properties. In this capacity, he has been invited to present papers in property seminars all over South East Asia. He has also been asked to discuss issues on property defects and to voice his professional opinions at seminars and conferences.

MS WU XIAOWEN - Advocate & Solicitor, Director, Lexton Law Corporation
Ms Wu has extensive experience in dealing with a whole range of issues faced by or relating to management corporations including operations, claims and disputes, contracts, tenancy and licensing matters, property defects, the making and enforcement of by-laws, and other matters relevant to management corporations.

MR PHILIP TEO - Partner, Philip Teo & Associates
Philip has extensive working experience as an auditor and as a consultant for 15 years at senior management positions with both local medium size public accounting firms and an international public accounting firm. His knowledge and exposure include areas of services in auditing, internal audit, compliance reviews, corporate and business advisory, management consulting, accounting, taxation and advisory, litigation and corporate secretarial support.


TARGET AUDIENCE
Building Owners / Council Members / Facilities / Building / Property / Asset / Estate Manager / Officers / Executives and Professionals from the FM industry


AWARD
Certificate of Attendance (COA) will be awarded to participants who meet the attendance requirement.


DETAILS
5th Run: To be advised
Duration: 2 days
Time: 9.00am to 5.30pm
Venue: BCA Academy
Fee (incl of GST): S$890.00
Lunch and refreshments will be provided.


To register, please log into our Online StoreFront (OSF) at
https://eservices.bcaa.edu.sg/registration/#/login
and search for course code 78063




If you need assistance, please call our customer service hotline: 6248 9999, from 8.30am to 5.00pm, Monday to Friday.

200 Braddell Rd S579700 • Fax: 6258 0558 • Email: bca_academy@bca.gov.sg • www.bcaa.edu.sg

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