Colorado Board Member Agreement

State:
Multi-State
Control #:
US-ENTREP-0022-1
Format:
Word; 
Rich Text
Instant download

Description

Board Member Agreement is a statement of what board members will hold themselves and their colleagues accountable to, including standards for: contributions, meeting attendance and participation, committee service, etc. Having agreed expectations is a necessary in order to encourage high standards for board members, determine who should be re-nominated and inform prospective candidates of the expectations of membership. The Governance or Executive Committee can review this statement and decide on what to propose to the board for consideration and adoption.
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FAQ

At least 67% (or more) of all allocated votes in the Association must affirmatively agree to terminate the common interest community in a Termination Agreement.

It states that "Notwithstanding any provision of the declaration or bylaws to the contrary, the unit owners, by a vote of sixty-seven percent of all persons present and entitled to vote at any meeting of the unit owners at which a quorum is present, may remove any member of the executive board with or without cause, ...

The Bottom Line Can the board make decisions in an HOA without consulting homeowners? In a word, yes. There are certain decisions the board can make unilaterally.

A petition to remove a board member should include: A greeting to the board and reason for writing your letter. A list of the reasons with evidence as to why you think they should be removed. The form of action you are asking to be taken. A conclusion and statement of the identities of the petitioners. Signature spaces.

The most common policy for member organizations is to call a meeting of members and notify the board member in writing that they will be voted upon during said meeting. From there, bylaws can require the majority of (or sometimes more) members to vote to remove the board member.

A board member agreement is an internal document that clarifies the obligations, roles and responsibilities of board members, as well as their rights and the company's expectations of them. It also formalises the agreement of the director to abide by these requirements. Table of content hide.

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Colorado Board Member Agreement