What is the Board of Directors?
The Board of Directors are responsible for the overall management of the Corporation and are elected by shreholders for three year terms. Elections are held annually. The Board of Directors consists of seven (7) members, elected alternately. Board meetings are held on the last Thursday of each month and all residents are urged to attend the meetings. The limitation and restrictions of the powers of the Board of Directors is outlined in the governing documents found within the Resource Center page of this site.
The board of directors is the body of people specified by state law to direct and oversee the business affairs of the corporation, and is usually headed by a chairperson. The board usually meets infrequently, and hires officers to manage the day to day business operations. However, since directors of the corporation have certain immunities from lawsuits against the corporation, all important business decisions like entering long term contracts, should be approved by the corporation’s board of directors. It is important to remember to have a corporation’s “directors” approve all major corporate actions. In the case of a small corporation, you must simply put on your director’s hat, and put the word director after your signature. This should be done because at some point in the future someone may try to sue you personally instead of your corporation. If you, and not your “director” or “officer” has signed all corporate paperwork, it will make it easier for the person bringing suit to pro
The Board of Directors is the guardian of the school’s mission. It is the board’s responsibility to ensure that the mission is relevant and vital to the community it serves and to monitor the success of the school in fulfilling its mission. The board assures that the school and board operate in compliance with applicable laws and regulations. The board accepts accountability for both the financial stability and financial future of the institution, engaging in strategic financial planning, assuming primary preservation of capital assets and endowments, overseeing operating budgets, and participating actively in fund raising. Parents with expertise in various areas are encouraged to join a Board committee and/or to run for a board seat. Board Directors are elected each September by school parents, also known as members, at the Annual Meeting and Ice Cream Social. This informative and fun event is an opportunity for families to become informed about the status of the school, while meeting
The Board of Directors is elected by the homeowners, or as otherwise specified in your community association bylaws. The board of directors responsibility is operating the community association on behalf of the property owners. The board of directors will implement policies, standards, procedures, programs and develop the annual budget for their community.
The Board is initially under Developer Control. The governing documents for each community determine the time and method of transition to owners other than the Developer. The board of directors is then elected by the homeowners of the community. The board serves to oversee the business of the association as outlined in the governing documents for the association and in accordance with laws governing Non-Profit Corporations.
