Why Boards Must Preserve Their Institutional Memory

The e-mail was polite and breezy. “Sorry to bother you,” a broker who was representing a potential buyer wrote to the secretary of the co-op board. “I seem to missing several amendments to the offering plan. I can only locate the first and second [amendments]. If there are additional amendments, as a third, fourth, etc., could you please forward? The amendments I have [are] from 1986. I want to make sure I have all the updated and correct material.”   Read more………..

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