What is the purpose of a Board of Directors?
Your Association is a not-for-profit corporation. As such, the Boards responsibility is to run the business of the corporation. The board has a fiduciary responsibility to the owners of the corporation. This includes timely collection of assessments as well as payments made for services provided to the Association. In general, the Board Members are the decision makers for the Association. The Board of Directors are individual homeowners who live within the subdivision and who are elected to that position by the members of the Association.
