ACTHA recently conducted a seminar on “How to Be a Great Board Member in 90 Minutes or Less” in Olympia Fields. Below is a recap of a few lessons learned from our presenters, attorney Bob Prince of Cervantes Chatt & Prince P.C. and manager Chris Berg of Independent Association Managers, Inc.:
1. As a board, surround yourself with a solid team of advisors. An attorney, financial professional, manager, etc; can provide vital information to help a board make educated decisions. This may also limit liability in any litigation against the association.
2. Get it in writing. Professional opinions, advice and analysis should always be provided in writing. Don’t rely on hearsay or assertions.
3. The board speaks with one voice. Each board member has equal decision-making authority. The President has no more authority than the Treasurer or a board member at-large. Once a decision is voted on, all board members should support the decision externally in their community.
4. Be prepared. Review materials prior to meetings. It’s okay to discuss issues with board members outside of a meeting—just be sure it doesn’t meet a quorum and that no decisions are made.
5. Communicate. Not only with fellow board members, but with the community. Printed newsletters and/or consistent email updates keep owners engaged and aware of what’s going on in the association.