Understanding Your HOA Board’s Code of Ethics
If you reside in an HOA community in Aurora, Colorado, knowing and understanding each community’s unique set of rules, and guidelines can be challenging. Your HOA’s board members are there to support and guide you, but how do you know what to expect of them ethically? With a culture that not only focuses on but centers its services around every community’s unique needs, The Management Trust is here to provide you with further insight into understanding your HOA Board’s code of ethics.
What Board Members Can and Should Do
- Act with the best interests of the community in mind.
- Perform responsibilities and duties fairly, with no favoritism or exhibiting impartiality in any and all disputes.
- Act within the limits of power established by the HOA and the law.
- Divulge any potential conflict of interest with any individual or company looking to be involved with the HOA.
- Allow members of the HOA to give their input and thoughts on decisions affecting the community.
- Making informed decisions and judgments using all of the available information and resources.
What Board Members Can’t Do
- Use their position or stature for personal gain.
- Discriminate against residents, colleagues, or contractors on the basis of race, color, religion, national origin, or sex.
- Encourage any action that may violate the law.
- Publicly reveal the personal and confidential information of HOA members or employees without their consent.
- Threaten or attack any fellow board member, community member, or employee.
Failing to Follow the Code of Ethics
Any board member or member of the community who fails to act within the code of ethics should receive a warning and a reminder of the stated rules. Continual failure to follow the rules means that the HOA member should then be subjected to disciplinary action with severity determined by the type of misconduct.
It can be a tiring balancing act for HOA board members to handle their daily responsibilities whilst also having to adhere to a code of ethics. That’s why HOA management firms like The Management Trust are here for you. Our experienced team at The Management Trust is readily available to answer any questions you may have and provide any required assistance. Because we’re the only 100% employee-owned company in the community association management industry, The Management Trust is able to provide excellent client service that is uniquely tailored to each HOA. For more information about what The Management Trust can do for your community, contact us online by filling out an informational form or through one of our many offices.
