Institutional Memory of the Condo Board

This blog discusses the importance of institutional memory for condo boards, which refers to incorporating the experiences of past boards within a current board to make better decisions. It emphasizes the need for a balance between experienced and new directors and the potential loss of accumulated wisdom when an entirely new board takes over. The article suggests keeping good records, retaining e-mail correspondence, and notes on why rules or by-laws were changed to maintain institutional memory. The use of institutional memory can assist in answering questions, dealing with similar issues uniformly, and justifying current actions or enforcement of governing documents. However, caution should be exercised not to use it to avoid adopting new ideas, and policies should be regularly reviewed to ensure they keep up with the times.