Fiduciary Duties

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Fiduciary Responsibility of Association Directors

The law of fiduciary responsibility can be viewed as having two purposes. The first is moral or educational in nature. The law sets a standard for appropriate conduct of association directors. It is intended to guide proper conduct and avoid inappropriate actions. The other role of the law of fiduciary duty is to act as a practical tool for restitution. If a homeowners association is damaged because of a breach of fiduciary duty by the director, the law affords a remedy to recover the resulting damages.

Beginner's Guide to HOA Boards of Directors Duties and Responsibilities

Many new board members want an introductory guide that states in one place what are their duties and by what authority do they operate. This article discusses general concepts and law related to the powers and duties of association boards. You should be aware that the law differs between the various states, and therefore a board member should seek legal advice before acting.

Ethics Code for HOA Board Members

Ethical issues occur in everyday administration, management and governance of any homeowners association. In order to navigate these complex ethical dilemmas, HOA board members first need to be able to identify problems of ethics before they will be able to implement an ethical value system. 

Making Ends Meet: Fiduciary Duty on a Limited Budget

It wasn’t so long ago that delinquencies were up, assessment payments were down and the bad economy strained the many aspects of homeowner association operations. The only thing that didn’t stop were the bills directors received and were requested to pay: insurance bills became due, lawns had to be mowed, roofs needed fixing, reserves were planned to be funded, owners’ demanded enforcement of the CC&Rs and the list went on and on. Many boards were forced to prioritize what services might have to be cut and which were too essential.

How to be a Savvy Board Member

The board is a team of volunteers who have decided, for whatever reason, that they want to be a part of the decision-making process for their community. Serving on the board gives volunteers the opportunity to develop professional goals and improve communication skills. Whether a newly elected member, or one who has served for several years, each board member should come to the table with an open mind and a desire to build consensus.

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