ACTING ABOVE BOARD WHILE ON THE BOARD
THE DOS AND DON ’ TS OF BEING A GOOD BOARD MEMBER
By , Carlotta A . Kirby , Esq .
Earthquake Insurance
Serving as a member on the board of directors for an association comes with great responsibility . Statutory provisions outline many of the duties board members must fulfill ; however , doing well in any position of power requires much more than just abiding by the law .
STATUTORY DUTIES
It is well known that board members owe fiduciary duties to their association : board members must act in the best interests of their association , act as an ordinarily prudent person would in a similar situation and act only after reasonable inquiry . Cal . Corp . Code § 7231 ( a ). How does this apply in real life situations ?
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