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Condominium Association Board Member Training: After the Election

SKU: 608
$25.00

Acting in Good Faith: A Condominium Director and Officer Primer for Avoiding LiabilitiesAs 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
Condominium Association Board Members

TIME TO COMPLETE
60 minutes

PURPOSE
To help Board Members of incorporated Condominium Associations generally understand and abide by the laws, rules, regulations and duties that govern their conduct and avoid the consequences and costs that result from violations.

LEARNING OBJECTIVES
After taking this course, you will be able to:

  • understand the nature of condominium ownership and the corporate structure of a condominium association;
  • understand the general fiduciary duties that govern the conduct of condominium association board members;
  • identify and apply the essential elements of the duties of care and loyalty that board members must follow to avoid inappropriate conduct that may create liability for them and the association;
  • avoid liabilities by understanding and applying the business judgment rule; and
  • identify the common mistakes that board members must avoid to perform their duties successfully and not incur liability.


If you're not completely satisfied with the quality of our courses, we will refund your money - guaranteed. Click here for detailsTOPICS COVERED

  1. The Nature of Condominium Ownership
  2. The Corporate Structure of Condominium Associations
  3. The Fiduciary Duties of Directors and Officers
  4. Duty of Care
  5. Duty of Loyalty
  6. The Business Judgment Rule
  7. Common Mistakes to be Avoided by Directors and Officers

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Condominium Association Board Member Training: After the Election

Table of Contents

  • Chapter 1: Introduction
    • Pre-Course Assessment
  • Chapter 2: Condominiums
    • Management of the Condominium--The Condominium Association
      • Page 11, 12, 13, 14, 15
  • Chapter 3: The Corporation
    • Corporate Law: The Essence of a Corporation
      • Page 16
    • Management of a Corporation
      • Page 17
    • Corporate Obligations
      • Page 18, 19, 20, 21, 22, 23, 24
  • Chapter 4: Directors and Officers: An Overview
    • Director and Officer Duties
      • Page 25, 26, 27, 28
    • Director and Officer Duties: Statutory Examples
      • Page 29, 30, 31, 32, 33
  • Chapter 5: Directors and Officers: Duty of Care
    • Duty of Care
      • Page 34
    • Duty of Care: Good Faith
      • Page 35
    • Duty of Care: Care of an Ordinarily Prudent Person
      • Page 36, 37, 38, 39, 40
    • Duty of Care: Duty to Inquire
      • Page 41, 42, 43, 44, 45, 46
    • Duty of Care: Failure to Act
      • Page 47, 48, 49
    • Duty of Care: Reliance on Others
      • Page 50, 51
    • Duty of Care: Document Your Actions
      • Page 52
    • Duty of Care: Summary
      • Page 53
  • Chapter 6: Midpoint Quiz
    • Page 54, 55, 56, 57, 58, 59
  • Chapter 7: Duty of Loyalty
    • Duty of Loyalty
      • Page 60, 61
    • Duty of Loyalty: Conflict of Interest
      • Page 62, 63, 64, 65, 66, 67
    • Duty of Loyalty: Self-Dealing
      • Page 68
    • Duty of Loyalty: Corporate Opportunity
      • Page 69
    • Duty of Loyalty: Corporate Opportunity
      • Page 70
    • Duty of Loyalty: Summary
      • Page 71, 72, 73, 74, 75
  • Chapter 8: Business Judgment
    • Business Judgment Rule
      • Page 76, 77, 78, 79, 80, 81, 82, 83
  • Chapter 9: Nonprofit Corporations
    • Page 84
    • Nonprofit Corporations
      • Page 85, 86, 87
  • Chapter 10: Ten Common Mistakes for Directors and Officers to Avoid
    • 1) Failure to Know Your Condominium Association’s Bylaws
      • Page 88
    • 2) Failure to Know Your State-Specific Corporation and Condominium Association Laws
      • Page 89
    • 3) Acting Impulsively
      • Page 90
    • 4) Failure to Investigate
      • Page 91
    • 5) Participating in Turf Wars
      • Page 92
    • 6) Getting Drunk on Power
      • Page 93
    • 7) Hiding Your Ignorance
      • Page 94
    • 8) Seeking Personal Gain
      • Page 95
    • 9) Remaining Disinterested
      • Page 96
    • 10) Ignoring That Little Voice Inside Your Head
      • Page 97, 98, 99
  • Chapter 11: Conclusion
    • Increased Scrutiny
      • Page 100, 101
  • Chapter 12: Time to Review
    • Page 102
  • Quiz (multiple choice)