When board members find themselves faced with a conflict of interest, it can derail an entire association – that’s why it’s so important for board members to nip these types of problems in the bud before trouble begins.
What should you do when your governing documents are contradictory or ambiguous?
Board members are volunteers with big jobs and generally no compensation. Part of a board member’s responsibility includes making decisions on behalf of the association. Two duties are involved in every decision a board member makes: a duty of loyalty and a duty of care.
A conflict of interest exists when a board member has a direct or…
Board Members Feel Torn Going After Rule-Breaking Neighbors
Being elected to the condo board inserts a divisive quality into one’s relationship with their neighbors. While still a unit owner, subject to the same rules, regulations and responsibilities, a board member has made a commitment to the larger community. So, when neighbors and friends fail to meet their obligations, flouting the rules or falling behind on condo fees, the board becomes involved. That can inject a dose of stress into any board member’s life. Starting foreclosure proceedings against the next-door neighbor is perhaps the worst conflict a board member faces, because even while understanding the circumstances in that neighbor’s life, he or she is forced to act.