1. Think about the Big Picture: deal with issues that people bring to you, but also keep your mind on all aspects of your mission. The buildings, the residents, the neighborhood, the lenders, the management company, and what is not included here.
2. "Fiduciary" responsibilities-- meaning manage your money well. You are managing the money and the other assets for all the organization's members. So:
3. Run organization democratically.
4. Operate your development
5. Supervise your Contractors and Staff
6. Keep records. Have an office.
7. Build the Organization
9. Strategic Planning
10. Limits to Your Power
1. Individual Limits - Trustees as individuals have no powers except what the Board specifically delegates to them. Officers have certain powers as described in your Bylaws.
2. Legal Limits - The Board must act legally. For example,
3. Affordability - The Board must keep the Association in compliance with the Regulatory Agreement.
4. Board Limits - The Board only has the powers delegated to it by the Bylaws. The Board does not have the power to make decisions concerning anyone's personal life, except as it is affected by Bylaws.
5. Practical Limits - While not required, in order to best execute your responsibilities as a Director, you will do best by treating all other Trustees, your Owners, your Management Company, and Staff, with respect and consideration at all times.
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1999 ARCH. All rights reserved.