Tag: Corporate governance

Board Operations Understanding Fiduciary Duty
2012 October Understanding Fiduciary Duty

 Being elected to the board of a co-op or a condo comes with a great deal of  power, and with that power also comes a great deal of responsibility. Whether  they serve a co-op or condo community, trustees and board members, in their  posit…

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Q&A: Can Managers Serve on a Board?
2012 October Q&A: Can Managers Serve on a Board?

Q My question is about being elected to the board of a condo association. We have  a building management company hired by our board. Can the management company  executive be elected to the board? How about any other persons from the  comp…

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Q&A: Can Professional Still Serve on Board?
2012 March Q&A: Can Professional Still Serve on Board?

Q I am on the board of directors in a Connecticut leasehold property. For some time, we have wanted to nominate one of our leaseholders but she keeps refusing to be on the board because she says that as a lawyer/ accountant, she holds h…

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Q&A: Conflicted in Connecticut
2012 January Q&A: Conflicted in Connecticut

Q I am the vice president of our board. Just recently, we found out through a real  estate ad that the president of the board is selling his unit. Does this pose a  conflict of interest? In effect, should the president remain the presiden…

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Q&A: Can Condo Treasurer Be Fired Without Due Cause?
2011 Feb Q&A: Can Condo Treasurer Be Fired Without Due Cause?

Q “Do the individual condo association board members and president have the legal  right to remove a treasurer from his or her duties without due cause and deny a  chance for rebuttal?”    — Breaking Up is Hard to Do A “The…

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Board Operations Avoiding Burnout
2008 Oct Avoiding Burnout

With only so many hours in the day, balancing the demands of work, family and outside obligations can become a struggle for anyone, and community association board members are no different. They volunteer countless hours guiding their …

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