Acting in Good Faith: A Condominium Director and Officer Primer for Avoiding Liabilities, Online Training Format

As condominium ownership increases in popularity, so does the need for competent, ethical management of condominium associations by their Directors and Officers. As fiduciaries of their associations entrusted with important responsibilities, Directors and Officers must have a clear understanding of their wide-ranging duties, including the duty of care and the duty of loyalty, so that they can manage effectively and avoid the liability they may incur for themselves and their associations in the conduct of these duties. This course outlines the duties of Directors and Officers, explains the potential liabilities they face when they fail to execute these duties competently and ethically, and instructs them in how to fulfill their obligations to condominium associations with proficiency and integrity (Discounts are available for Condominium Boards or Property Management Companies by calling us at 1-800-521-9667).

TARGET AUDIENCE
Directors and Officers of Condominium Associations

TIME TO COMPLETE
60 minutes

PURPOSE
To help individuals acting as Directors and Officers of incorporated Condominium Associations understand the basic laws, rules, regulations, and duties that govern conduct in their capacity as Directors and Officers in order to minimize the potential for liability resulting from their actions.

LEARNING OBJECTIVES
After completing this course, the learner will be able to:

understand the nature of condominium ownership and the corporate structure of a Condominium Association;
understand in broad terms the fiduciary duties of Directors and Officers of Condominium Associations;
identify the essential elements of the Duty of Care that Condominium Association Directors and Officers must follow so that they may recognize and address situations that could create liability for them and the association;
identify the essential elements of the Duty of Loyalty that Condominium Association Directors and Officers must follow so that they may recognize and address situations that could create liability for them and the association;
define the Business Judgment Rule and understand the requirements Directors and Officers must meet to be afforded its protections; and
identify the common mistakes that Condominium Association Directors and Officers must avoid to perform their duties successfully and not incur liability.