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Directors' duties. Directors' duties are a series of statutory, common law and equitable obligations owed primarily by members of the board of directors to the corporation that employs them. It is a central part of corporate law and corporate governance. Directors' duties are analogous to duties owed by trustees to beneficiaries, and by agents ...
A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency . The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws ...
A homeowner association (or homeowners' association, abbreviated HOA, sometimes referred to as a property owners' association or POA), or a homeowner community, is a private association-like entity in the United States, Canada, the Philippines and certain other countries often formed either ipso jure in a building with multiple owner-occupancies, or by a real estate developer for the purpose ...
The far more consistent way to recall a board is to collect and submit properly executed written petitions. You’ll need a majority of all homes to agree to the recall, and there is a specific ...
Ryan Poliakoff, an attorney and author based in Boca Raton, has answers. Question: At our last members meeting, an election, we were unable to establish a 30% quorum by just a few votes. A member ...
Condo board members must meet higher expectations under new law. ... Jacqueline Bueno Sousa is the director of business operations for executive education at Florida International University’s ...
Condominium bylaws usually establish the responsibilities of the owners' association; the voting procedures to be used at association meetings; the qualifications, powers, and duties of the board of directors; the powers and duties of the officers; and the obligations of the owners with regard to assessments, maintenance, and use of the units ...
Ultimately, condominium associations are controlled by their member owners, and it is up to them to make the choices that help to foster willing, able and effective directors.