The Business Judgment Rule
Board members often ask us, “What is the standard of conduct for the board of a common interest community?” The standard of conduct is known as the Business Judgment Rule. According to this rule of law, actions taken by directors of a nonprofit corporation in good faith, that are within the powers of the corporation, and that reflect a reasonable and honest exercise of judgment, are valid actions in accordance with the Business Judgment Rule. Read the article……………
Lincoln Fourscore, Gobbledygook 0; For Condo/HOA/Stock Coop Board Members and Managers, Choosing the Right Words Can Make The Difference
How clear is your writing? Do you spend time editing to make sure that your message is clear and concise?
You are a board director in a no-pet building. And you’re happy about it. But an owner has come to