b2ap3_thumbnail_board-member-101-2.jpg

 

Board Member 101 was created to give you a look inside of our recent training held in our Nevada Division. We recapped the roles of association representatives in our last post, and in part two we’re jumping to requirements. 

 

This week let's discuss... What is required of a Board Member? 

 

- Comply with applicable federal, state and local laws. 

- Enforce the provisions of the governing documents. 

- Hold meetings with such frequency as to properly and efficiently address the affairs of the Association. 

- Ensure the Board obtains at least 3 bids from service providers who possess proper licensing for any service used. 

- Ensure the Board consults with appropriate professionals before making major decisions. 

 

Want to learn more? Stop by these additional posts: 

Part One - What are the roles of Association Representatives? 

Part Three - Fiduciary Duties of Directors 

Part Four - Business Judgement Rule 

Part Five - How to Avoid Liability 

Part Six point One - What is a Board Meeting?