for example, really helps when something comes up regarding the building’s pipes. But when it comes to actually procuring a formal plumbing contract, having that board member involved in the process becomes complicated
which allow for two methods of amending the bylaws without a meeting of the membership: (1) to rectify a conflict with ‘state, federal, or local law’; OR (2) the executive board passes an amendment and then leaves it up to the members to veto the amendment, which can be accomplished...
When it comes to disclosure of financial information to shareholders and/ or non-board residents, experts suggest transparency as the best policy. “Transparency and full disclosure is always the healthiest way to conduct affairs as a board member,” Love adds. “If the board is withholding infor...