Your board of directors has the same responsibilities and fiduciary duties as any corporate board of directors.  The difference is your board consists of volunteers whose careers rarely fall in the demographics of operating a multi-million dollar corporation.  That’s where your certified manager comes into play.  The volunteer board members in your association need professional guidance on issues such as:

• The reasoning behind reserve funding

• How and why to avoid deferred maintenance

• Adequate insurance coverage

• Proper budgeting

• Contract negotiations

• The Davis-Stirling Act and other laws that govern homeowners associations