Board members of an association
Posted On 03.03.2020
Board members of an association
Back to the Basics: Being an Association Board Member
Are you contemplating becoming a board member for an association, but have never sat on a board before? Are you unsure of the role of the board and responsibilities of a director? In this article I go back to the basics and review what a board is, the functions and fiduciary responsibilities of a director and a bit of information with regards to board meetings.
Are the CEO and the Chairman of the Board the Same Person?
The board is elected from and by the homeowners of the community at the annual meeting. The bylaws will list how the election should be conducted: if it is held by ballot or proxy or both, if a nominations committee is required, and how many homeowners must vote to reach quorum.
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However, a board of directors does not exist solely to fulfill legal duties and serve as a fiduciary of the organization’s assets. Board members also play very significant roles providing guidance to nonprofits by contributing to the organization’s culture, strategic focus, effectiveness, and financial sustainability, as well as serving as ambassadors and advocates. Beyond fulfilling legal duties, board members can be important resources for the organization in multiple ways.
By virtue of their position, association board members can be key players in member engagement and recruitment efforts.
But here you are, at the helm of an association, charged with working on behalf of a group of people with common goals and needs. Membership is the basis of this business, so it will require some new thinking.
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The board includes the executive director, a chair, a vice-chair, a secretary and a treasurer. It may also include other offices as appointed by the board. Any number of offices may be held by the same person, except that neither the secretary nor the treasurer may serve concurrently as chair.
board members of the last period of office
At the suggestion of the President, the Presidential Board can elect the Director General for the duration of his term of office. Permanent guests in the Presidential Board are the President and Director General of the Confederation of German Employers’ Associations (BDA), the President of the German Chamber of Commerce and Industry (DIHK) and the Director of the German Institute for Economic Research. The Presidential Board directs the content of the whole work of the BDI.
Role of the committee and committee members
The vice-president is vested with all the powers which are required to perform the duties of the association president in the absence of the president. The vice president does not automatically possess inherent powers to act in the capacity of the chief executive officer, and may act for the president only when the president is actually absent or otherwise unable to act. The vice-president may assume such additional duties as are defined by the board of directors. Often, the vice-president will chair one or more substantive committees like that of architectural review.
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Do Community Association or HOA Board Members Get Paid?
Most community association Board members serve as volunteers. While there may be some exceptions depending on where you happen to live and how your association is structured, Associations do not pay their Board members. There are some very practical reasons for this.