The volunteers who occupy seats on an HOA board are in a unique position. Although they’re skilled in their professional fields and possess a deep love for their community, few have experience serving on the board of a multi-million-dollar corporation like a homeowners association. As a volunteer with a fiduciary duty to the corporation, this undertaking is a big responsibility. Since each board seat is an elected position, it can feel like once the board gets into the collective swing of things, a new election rolls around and a handful of new board members cycle in. This “changing of the guard” doesn’t have to set your board back. Here are a few tips to ensure a smooth transition when one board member leaves and another steps in. Read the article………………
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