Balancing Relationships with Responsibilities
Getting elected to the board of one’s co-op or condo building is usually a very positive thing: it gives a person the chance to play a part in the preservation of their community, and also gives them the opportunity to leave it in better shape than when they started. But great power comes with great responsibility that must be utilized properly. Board members can suddenly find themselves in tough spots when figuring out how to balance their status and fiduciary duty with relationships that may predate their position of authority.