How Should Boards Handle the Reporting of a Crime?

A burglar slipped into a Hudson Heights co-op as a shareholder was leaving the building, then proceeded to steal a laundry cart and some packages. The theft was reported to police, but it took the co-op board almost two weeks to notify shareholders, and the notice downplayed the event and failed to give a full accounting of it. What is a board’s responsibility in reporting security breaches and crimes in their building?    Read the article…………….


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