Tag: Board of directors

Q&A Q&A: Rudderless in Rumson
2012 November Q&A: Rudderless in Rumson

Q Our association has difficulty attracting people to run for the board, as I'm sure is a common problem. Would we be able to amend our bylaws to require unit owners to serve at least one term on the board? How can we go about doing tha…

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Board Operations Getting Ahead of the Curve
2012 October Getting Ahead of the Curve

Few volunteer jobs are as big and involving as serving as a board member for a co-op or condo. In some cases, it means helping to run a multimillion-dollar corporation in one’s spare time. It means managing the place one lives—along wit…

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Board Operations The Benefits of Being on the Board
2012 October The Benefits of Being on the Board

 Many co-op and condo owners want to get involved in their community but they  soon find out that being on the board is no picnic. Soon neighbors are  pestering them asking for feuds to be settled, decisions that affect all  resident’s liv…

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Board Operations Fiduciary Duty
2012 October Fiduciary Duty

 Being elected to the board of directors of a condominium association or  cooperative comes with a great deal of power, and with that power also comes a  great deal of responsibility. Whether they serve a condominium association or  cooper…

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Q&A Q&A: Can Management Company Serve on the Board?
2012 October Q&A: Can Management Company Serve on the Board?

Q My question is about being elected to the board of a condo association in New Jersey. We have a building management company hired by our board. Can the management company executive be elected to the board? Does the executive have any …

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Energy Conservation Board Members for Life
2012 September Board Members for Life

 It is one of life’s eternal questions: is it possible to have too much of a good thing? That  question certainly can apply to the matter of long-serving board members, those  individuals who get elected and re-elected term after term. And…

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Q&A Q&A: Rules for Quorum
2012 September Q&A: Rules for Quorum

Q Is there a law allowing us to conduct a meeting without a quorum reached? We need more than 50 percent of the vote and certain shareholders refuse to attend meetings. We don't have a co-op board and cannot elect one. The old board mem…

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Board Operations Staying Away from Impropriety
2012 August Staying Away from Impropriety

 One of the trickier problems to deal with when you live in a co-op or condo is  dealing with board members who sometimes let the power go to their heads. Even  though they are entrusted with a great deal of responsibility in the smooth  r…

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Finance Cash-Strapped?
2012 July Cash-Strapped?

 Money is a topic people are often skittish about discussing—especially when the discussion involves rising fees, or having to pay more money  for something. When you’re a board member or the property manager of a condo building or residen…

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Q&A Q&A: Improper Procedure for Board Elections?
2012 May Q&A: Improper Procedure for Board Elections?

Q Our annual meeting was conducted this past week during which three of the  present board members were up for reelection—the president, treasurer (her fiancée) and a board member. All three were re-elected and a fourth elected since  the…

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