Board Excellence: Understanding your Fiduciary duty
Автор: HOA Strategies
Загружено: 2024-03-19
Просмотров: 48
Описание:
As a board member in an HOA or Condo Association, you are considered an officer of the corporation. You have a fiduciary duty (legal responsibility) to act in the best interest of your community. Do you know the 5 aspects of your Fiduciary Duty?
✅ Responsibility to the community not the individuals members
✅ Focuses on maintenance, protection and preservation
✅ Understands decisions must be made for the best interest of the community
✅ Thinking like a corporate officer means: The community is a multi-million dollar asset and the Board focuses on protecting the community from potential lawsuits
Now you know! Learn more in HOA Strategies' new Board Excellence training series. HOA Strategies holds annual training for Community Association board members to teach about governance, expectations, helpful techniques and legal guidelines. This is part of our ongoing video series with board consultant Kelly Zibel of Divergent Consulting Group.
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