4/5/2016 2:27:11 PM
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Section 5: OPA Board Subject: Money is No Object Msg# 945958
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Doug and Forum,
Good point on fiduciary responsibility, but let me take board responsibility one step further. I will soon become a member of The Parke Board of Directors (3 vacancies and 3 candidates). The Parke has already enrolled me in the Community Associations Institute for training and here is an excerpt from the handbook for Board members: A Strong Board Member: Good Character Strong integrity Calm judgment Willingness to serve Committed to the best interest of the community as a whole Relevant experience or background Previous volunteer service Strong "People skills" An Inappropriate Board Member Unable to put the welfare of the community first Works behind the board to run things his or her way Impulsive or quick tempered Has a personal or hidden agenda Puts individual interests first Little or no experience in management, leadership, or service Unable to work with others for the common good Poor interpersonal skills I hope the upcoming election results in a BOD that is focused on the strengths shown above. Tom |
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For reference, the above message is a reply to a message where: I have sent several emails to the BOD asking them to reconsider the investment or at the very least publically provide answers to the following questions: 1) What is the purpose and/or goal of relocating the playground? 2) What short-term and long-term factors influenced the decision to move the playground? 3) How does the relocated playground and the $150,00 investment benefit the membership in conjunction with both the short and long term planning for this amenity? At the end of the day, I suspect my inquiries will not warrant a response from them, as in my opinion of some board members consider the membership, and any inquiries they may have, irrelevant when it comes to questioning their actions. I do research on many topics other than OPA business process (or lack thereof) as one way to pass the time (along with a good cigar and a beer out in the garage) and I ran across the information below that although somewhat idealistic, is still relevant considering the current topic of discussion. Once a fiduciary relationship exists in a corporate setting, a fiduciary has a duty “to act with utmost good faith and loyalty in managing the corporation” and is prohibited from enhancing his or her “own personal interests at the expense of corporate interests.” Many cases around the country have held that a board owes a duty of loyalty to the association and must act for the benefit of the residents collectively. Perhaps the rub is in the first sentence as my assumption is that a fiduciary relationship actually exists in the first place. Just food for thought. Doug Parks |
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