How to Make a Good Board Member

Published on Dec 23, 2015

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PRESENTATION OUTLINE

What Makes A Good Board Member?

Understanding Authority to Act

State law, CC&Rs, Bylaws, Articles of Incorporation
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Fiduciary Duties

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Business Judgement

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Recognizing Purpose of Association

Preserve property values, maintain aesthetics
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Meeting Attendance

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Independence

Avoid "group-think"
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Conflicts of Interest

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Utilizing Committees

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Transparency

Open Meetings, Access to Records, Community Involvement
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Know When To Use Experts

Accountants, Reserve Specialists, Attorneys
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Following Parliamentary Procedure

Motion, Second, Debate, Vote
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Avoiding Liability

Insurance: Liability, Property, D&O, Fidelity

Mind Sight

Ability to enter others minds and glean insight
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Equipoise

Ability to recognize our own weaknesses and biases

Metis

Street Smarts

Sympathy

Ability to work in groups. Groups are always smarter than individual.