Board Of Directors
INDUSTRY JOURNAL Vol . 8
Board Of Directors
Looking for a way to assess the governancerelated operations of your community association ?
“
There
Minimally , a quality community association should comply with all of the following statements :
is a functioning board that meets regularly and that carries out its duties and responsibilities as prescribed by applicable laws and governing documents , including the articles of association .
The board has disclosed to the owners the association information that is required by law and the governing documents , including the MOI or Constitution .
The association ’ s legal documents , resolutions , books of accounts and records are kept in a location that is open to inspection by owners on reasonable notice and reasonable grounds during regular business hours .
The board provides for due process ( the opportunity to be heard ) for owners in association-related matters and the board encourages the use of alternative dispute resolution in appropriate matters .
The board conducts and produces minutes of annual general meetings and extraordinary general meetings as required by the governing documents .
62