How To Make Good Governance Policies For Condo Boards

In this article, the author emphasizes the importance of having policies for condominium or homeowners association (HOA) boards. The policies must be established in various areas such as governance, financial, communications, and records management, and all policies must be accessible to everyone. The article focuses on governance policies that include a code of ethics, conflicts of interest, privacy, rules, and meeting protocol. These policies are crucial in ensuring that the board can steer and control the corporation efficiently while complying with fiduciary responsibilities. Furthermore, the article highlights that good governance policies must balance the privacy of owners and the collective interests of the owners.