When Does a Board Member’s Financial Interest in a Transaction Cross the Line? (CO)

Board members come from all walks of life and have a variety of connections or expertise that may overlap with the needs of their associations. Sometimes this works to the association’s benefit. It may also work to the board member’s benefit. Any board member who will or may receive a financial benefit or interest from an association transaction needs to proceed with caution.    Read the entire article……………………………….

Editor

Recent Posts

Brazil: Remote self-consumption: savings on electricity bills in residential condominiums

The advantages offered by solar energy systems, in the midst of a scenario in which…

1 hour ago

Enhancing Strategic Inquiry: Essential Questions for Community Association Decision-Making

Navigating the complexities of a community association often demands astute questioning to steer strategic initiatives…

3 hours ago

1st American Management Company’s experts break down HOA financial statements

In a homeowner association (HOA), the board of directors has a long list of responsibilities,…

3 hours ago

Can HOA boards skip meetings and elections? (NC)

WCNC Charlotte got this email from Florentina R.:  "Our HOA board has refused to conduct…

3 hours ago