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Under new law, condo boards must view training requirements as an opportunity, not a burden | Opinion Condo board members must meet higher expectations under new law. Help is available | Opinion
In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation , non-executive directors are elected by the shareholders , and the board has ultimate responsibility for the management of the corporation.
As a result, the sitting board members were “rolled over." Our attorney says they were rolled over for the full term (two years), while this column has seemed to suggest that the roll over is ...
Initially, the board is composed of developer-appointed members, in order to maintain the character of the community that the developer has for it. As the percentage of ownership shifts from the developer toward owners, the corresponding percentage changes from developer-appointed members to homeowners elected at an annual meeting, and ...
In smaller co-ops, all members sit on the board. A housing cooperative's board of directors is elected by the membership, providing a voice and representation in the governance of the property. Rules are determined by the board, providing a flexible means of addressing the issues that arise in a community to assure the members' peaceful ...
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Based in Falls Church, Virginia in the United States, the CAI has more than 60 chapters of condominium and homeowner associations [1] [2] [3] with over 45,000 members worldwide. [4] The CAI provides education and resources to help the volunteer leaders and boards that govern community associations.
Repeated efforts to obtain comment from Lake Shores board members were unsuccessful. Palm Beach County Commissioner Michael Barnett invited Palm Beach Post reporters to attend a town hall meeting ...