Now That You're on the Board - HELP! By Brigadier General (Retired) Guido Portante
WHAT EVERY HOA BOARD MEMBER NEEDS TO KNOW: When you have been elected or appointed to serve on a Homeowners Association (HOA) Board, it is important to understand exactly what HOA board service means. In simple terms, your job as an HOA board member is to protect and enhance your community. This means maintaining and increasing home values and representing the best interests of ALL your neighbors. In our litigious society, the courts view you as a director of a nonprofit mutual benefit corporation. As such, you have clear fiduciary duties as a corporate board member. If you and your board fail, you are placing yourself, your community, and individual homeowners at risk. For many residents, their home is their largest asset so the impact of bad decisions or even inaction can be devastating.
YOU HAVE A DUTY AND A RESPONSIBILITY TO BE AN EDUCATED HOA CORPORATE DIRECTOR: Why education? CAI tells us that current and future board members can expect: • More Legislation • More Regulation • Progressively more complex Board Fiduciary Requirements • Required Education for Board Members and Certifications The Community Associations Institute (CAI) is the primary source of education for HOA board members worldwide.
With 64 chapters in the U.S. and nine countries, CAI tracks laws, regulations, and best practices and provides its members with the education they need to competently conduct HOA business. You can visit CAI here: www.caionline.org. The Community Associations Institute Coachella Valley Chapter (CAI-CV) is one of the 64 chapters in the U.S. located here in the Coachella Valley. Between CAI and CAI-CV, board members can find a plethora of information to guide them to become educated, knowledgeable, and effective. CAI-CV Mission Statement: The Mission of the Community Association Institute-Coachella Valley Chapter is to be the authoritative source for HOA Education, leadership development, and networking provider to HOA boards, managers, and supportive businesses with the tools they need to foster a Better HOA Living.
You can visit CAI-CV here: www.cai-cv.org CAI-CV.org
facebook.com/CAICV
@CAI-CV
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