Tag: Conflict of interest

Q&A Q&A: What If a Board Member Is  Involved in a Lawsuit?
2018 February Q&A: What If a Board Member Is Involved in a Lawsuit?

Q. Can a homeowner who is in a lawsuit with his condo legally be an executive board member of that condo? Wouldn’t that annul his fiduciary duty? The story: One of our homeowners was elected to the board of managers last November; his fe…

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Q&A Q&A: Our Co-Op Is Being Improperly Run
2018 January Q&A: Our Co-Op Is Being Improperly Run

Q. What do you do when the president of the board, property manager, and super are all one family? I tried waking up the shareholders with memos and flyers about the conflict of interest to no avail. Our beautiful Garden of Eden has becom…

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Board Operations Board Arrears
2017 November Board Arrears

One of the most difficult issues for board members and residents of co-ops, condominiums, and HOAs is that of arrearages. The problem poses practical, procedural and ethical issues, and can ultimately lead to legal repercussions. There are …

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Board Operations Problem Boards
2017 October Problem Boards

A condominium, cooperative, or homeowners’ association elects a board for a specific purpose: to manage the community’s day-to-day business, oversee special projects, and draft and uphold the rules and regulations that keep life orderly and…

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Board Operations Board Compensation
2017 September Board Compensation

The amount of time and energy invested by board members in the many decisions and projects surrounding the successful functioning of a building community can demand the kind of commitment and dedication required by a demanding part-time job…

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Q&A Q&A: Co-op Board Hasn't Had a Meeting in a While
2017 September Q&A: Co-op Board Hasn't Had a Meeting in a While

Q. I live in a co-op in Bayside, Queens. We have not had a board meeting in almost two and-a-half years. I call and get no answer. Also, there is the issue that the president of the board is also the owner-manager of a property management…

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Insurance Avoiding Conflicts of Interest
2017 August Avoiding Conflicts of Interest

Successful association or cooperative living requires harmony between all parties involved, from management to staff to board to residents. Should one of these groups put their own self-interests above the common good, the wheels can come o…

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Q&A Q&A: Are my board's nomination/voting practices legal?
2015 December Q&A: Are my board's nomination/voting practices legal?

Q. At our annual meeting, four of five board officers' terms were expiring. Nominations for reelection of these same four officers came from presiding officers. I researched Robert’s Rules, as well as our bylaws, and I did not see anythin…

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