4/7/2016 8:09:36 AM
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Section 5: OPA Board Subject: Money is No Object Msg# 946050
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Tom,
Thanks and so noted regarding the training. I sent the info below to the board as a reminder and in the hopes that it would reduce the acrimony we have seen lately in meetings. Doug Parks The Duty of Care To meet the duty of care, an HOA Board member must make informed decisions, which might require a bit of research before you act or vote on an HOA matter. HOA Board members must also act in a prudent and reasonable manner, basically using sound business judgment, and avoiding arbitrary or capricious actions. The Duty of Loyalty The duty of loyalty requires that HOA Board members act fairly, in good faith, in the interest of, and for the benefit of, the HOA as a whole, rather than make decisions based on any personal interest or gain. HOA Board members should also avoid acting where there is a conflict of interest. Additionally, an HOA Board member must protect members’ confidentiality, and not divulge information provided in confidence. The Duty to Act Within the Scope of Authority This duty requires the HOA Board to perform the duties it’s obligated to carry out, but prohibits the Board from making decisions or acting on matters without the authority to do so. The authority of an HOA comes from its obligations under state laws, as well as the authority granted to it in the development’s governing documents. |
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For reference, the above message is a reply to a message where: 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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OPA Board Meeting - Golf Clubhouse
12/21/2024 - 9:00 A.M. |
OPA Board Meeting - Golf Clubhouse
1/25/2025 - 9: A.M. |
OPA Board Meeting - Golf Clubhouse
2/22/2025 - 9:00 A.M. |
OPA Board Meeting - Golf Clubhouse
3/29/2025 - 9:00 A.M. |
OPA Board Meeting - Golf Clubhouse
4/26/2025 - 9:00 A.M. |