How to make sure volunteer work does not bring risk

It is a basic truth that the risk in any venture should match the reward. High risk investments should bring high yields, while low returns may be acceptable for very secure investments.  The same principle should be applied to volunteer board service. Start with the reward — what is the compensation for board (volunteer) service? Of course, there is none — if the director receives any compensation, the director is not a volunteer. If there is no compensation, what is the amount of personal risk the volunteer leader should be expected to take on? If the “books are balanced” and things are fair, then the officers and directors should never be personally at risk for the volunteer service they provide to their neighbors.    Read the article……………


Related Articles

To the HOA Managers “Improve Yourself”

The other day while attending a continuing education class for one of my industry certifications, I overheard someone say “I

Volunteering means you don’t get paid to support candidates

That would seem to be self-evident, but this being South Florida, it all depends on how you define the words.

Special assessments and defect disclosures spark real estate lawsuits: Newbie agent caught in the crossfire

Have you ever been caught in the crossfire of litigation? When I first started in the business I had a