11-30-2017, 08:10 AM
Nothing posted in replies to my post takes away from the board’s exclusive powers over personnel decisions or expenditures. The members can recommend anything it wishes but will not have the final determination.
This is all made clear under the bylaws of the association.
If a lawsuit were brought against the Association our E&O carrier would be required to defend both the Association as well as the board members, if named. If the verdict is for an intentional tort or, perhaps willful negligence (depends in the policy) the judgment might not be paid by the insurance carrier.
Therefore, the intelligent path is to let the board decide after sufficient research and study and not pursuant to a rump meeting of the membership inflamed by false rhetoric lynch-mob style. Personally, I am for the audit if it is a reasonable cost.
This is all made clear under the bylaws of the association.
If a lawsuit were brought against the Association our E&O carrier would be required to defend both the Association as well as the board members, if named. If the verdict is for an intentional tort or, perhaps willful negligence (depends in the policy) the judgment might not be paid by the insurance carrier.
Therefore, the intelligent path is to let the board decide after sufficient research and study and not pursuant to a rump meeting of the membership inflamed by false rhetoric lynch-mob style. Personally, I am for the audit if it is a reasonable cost.