Why Board Members Should Be Qualified
The law has been in effect for over two years now, but often new board members may still be left questioning why they should give up their own time and money to attend a course to become a certified board member.
Here at C.A.M.S we feel it is important to remind everyone of the benefits that attending this course brings to each board member.
Firstly when a new member is elected they must sign a statement saying they have read all the association's documents and will faithfully discharge their fiduciary duties.
This is where the certified course pays dividend.
- Often board members may not have completely read or understood all the association's documents. The course will ensure members fully understand each document and what it's purpose is.
- Fiduciary responsibility is something not many people will be familiar with. By taking the certified course, this issue will be completely cleared up, allowing all board members to fully understand that they can be held personally liable for decisions they make as a board member.
- In a world where lawsuits are abundant, the course ensures all board members have a full understanding of their Directors' and Officers' Insurance (D & O). It is important to realize this insurance only covers the actions taken in which the board member has fulfilled their fiduciary duties.
These are just three main reasons why it is important all new board members attend a certified course within 90 days of being elected a board member. As association managers we must ensure that all board members understand and fully appreciate the importance of this state required course. The reasons above are simply a bare minimum outline of the benefits this course provides.
| 
