Westover Board Training

Applicable Laws

• ORS 100 - Condominium Act
• ORS 65 - Nonprofit Corporation Act

Governing Documents

• Declaration / CC&Rs
• Plat
• Bylaws
• Rules / Regulations / Resolutions

Board Members

Fiduciary Duties

Standards of Review

Business Judgment Rule

Duties

• Review insurance coverage
• File tax returns
• Maintain common elements
• Establish and maintain reserves

Powers

• Enter into contracts
• Grant easements
• Adopt budgets
• Initiate & defend litigation
• Adopt rules & regulations

Conflicts of Interest

Committees

• Who creates?
• Decision making authority
• Charters

Owner Rights

• Inspect records
• Approval of certain board actions
• Amendments
• Attendence at board meetings
• Voting for directors

Management

• Role of professional management
• Management contracts
• Liability issues

Meeting Types

• Board
• Annual
• Special
• Committee

What is a Board Meeting?

Quorum

Notice Requirements

Use of Email

Exceptions to Open Meetings

• Executive Session
• Emergencies

Parliamentary Procedure

• Motion
• Second
• Debate
• Vote

Ethics / Code of Conduct

Reserves & Maintenance

Capital Improvement vs Maintenance/Repair