Condo-HOA Blog - Director
You Won the Election, Now What?
Congratulations! You threw your hat in the ring, ran a vigorous issues-based campaign promising to shake up the establishment, and ultimately won a seat on your association's board of directors. Once the champagne stops flowing, consider the following tips to get your term off to a productive start. read more
The Business Judgment Rule
Community Association board members frequently ask, "What is the standard we're held to when we vote and make decisions?" The standard of conduct in Oregon and Washington is colloquially known as the "Business Judgment Rule." Application of the Business Judgment Rule comes into play in nearly all board decision making from deciding how far to pursue a collections matter to selecting a contractor for multimillion dollar repairs to raising or lowering monthly assessments. read more
Getting Ahead of the Game
In times of crisis, Boards generally try to solve the specific issue in front of them, sometimes overlooking basic principles and procedures. So the best time to focus on these basic principles and procedures is before a crisis. Those times may be few and far between, but just after the annual meeting at which new board members were elected is the perfect time for basic board training or, as we like to call it, Board Boot Camp. Boot Camp is also good as a refresher for incumbent board members. read more
Wanted for Hire: Low Pay But High Satisfaction
With the holiday season a distant memory and emergence of the first quarter of the calendar year, many community associations are scheduling their 2016 annual meetings and election of directors. Now is the time to begin planning for 2017 and 2018's elections. Yes, you read that correctly. read more
Association D&O Coverage
Typically, in order to trigger a Director and Officer's (D&O) coverage, a claim must be "made" within the policy period. This is commonly referred to as a "claims made" policy. Many D&O policies also require that the claim be reported during the policy period. These are commonly referred to as "claims made and reported" policies. read more