Does the Current Governance Framework of the Sectional Title Scheme Influence Its Governance Practice?
DOI:
https://doi.org/10.69581/RJPA.2024.09.01Keywords:
Sectional title scheme, body corporate, application of rules, conflict of Interest, Corruption, transparency and accountability, good GovernanceAbstract
This article investigated whether the current governance framework for sectional title schemes influences its governance practices. The primary goal was to examine the degree to which the rules of the sectional title schemes under the current governance framework are implemented and their impact on governance practices in managing those properties. Furthermore, the study investigates the effects of these guidelines on the overall governance procedures involved in administering sectional title properties. The research seeks to uncover gaps and issues within the governance structure that may impede effective property management by examining the alignment between mandated regulations and their actual implementation. The findings provided insights into how successfully the current rules enable or hinder good governance practices in sectional title schemes, with implications for policymakers, property managers, and stakeholders looking to improve. A practical recommendation was made on the possibilities of closing the expectation gap encountered with the current governance framework.
