Meeting Reminders Overcoming Common Board Meeting Challenges

On a consistent basis, a group of elected shareholders or unit owners, for co-ops and condos respectively, meet to conduct the building’s business.  This group is known as a Board of Directors (co-ops) or a Board of Managers (condos).  The board makes financial and physical plant decisions on behalf of the building at their regularly scheduled board meetings.  At its meetings, boards may face such challenges as:

• Discussing and adopting the building’s operating and capital budget

• Deciding whether to do a major capital improvement, such as an elevator modernization or roof replacement

• Enforcing the building’s policies, such as pet and smoking policies

• Listening to and addressing resident concerns 

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