Owners and shareholders trust their elected boards with their very lives. Okay… it’s probably not a life-or-death scenario, but residents of co-ops and condos do put a great deal of faith in their association’s representatives to have their best interests at heart when it comes to their financial security and the maintenance of the properties in which they live. And, more often than not, boards rise to the occasion. Why even volunteer to take on such a responsibility if not for a noble cause? But alas, the human condition is flawed, and, on occasion, boards will supersede the will of their constituents—or worse, even take advantage or conspire against them. Read the article………………….
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