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Limiting Director Liability – Because the Pay Just Isn’t Enough (CO)

/ Owner - December 3, 2018

I want to serve on my community’s board of directors for the lucrative salary . . . said no board member ever! Nevertheless, serving on the board of directors for your community can be a satisfying and rewarding experience. But sometimes boards hit rough patches and fall under the scrutiny of their owners, who can be less than nice or understanding. Oftentimes, board members are criticized and threatened with legal action if owners do not perceive them to be acting “appropriately”, leaving directors and officers nervous and wondering whether they have personal liability exposure.    Read the article……………….

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