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the role of the boardApr 11, 2007


>>"You should speak up and not let the board dictate how shreholders (sic) are to spend their money."<<

This misconception is one of the toughest parts of being a board member: the idea that owners somehow don't have to pay for the maintenance and upkeep of their own property!

On the contrary, the reason a board exists is to determine just how shareholders' money will be spent to keep their investment safe, in good condition, and in a state to increase in value.

The board does not "dictate," Anonymous, it makes decisions on behalf of shareholders -- the very same shareholders who elected them. If you don't want others to decide how to maintain the property you share with them, either get a seat on the board or sell and buy a house.

Finally, remember that board members are shareholders too -- they are subject to the same assessments as everyone else.


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