Monday, September 8, 2008

Board Members? Who do they represent? Themselves?

Did you know that by law the HOA Board Members have a fiduciary responsibility to act on the behalf of the owners of Georgetown of Atlanta?

http://realtytimes.com/rtpages/20020821_hoasensitivity.htm

"There are those that sidestep their fiduciary duty in route to the Board. This becomes glaringly apparent when someone gets elected and comes packing a personal agenda (hidden or otherwise). Playing out this agenda is totally contrary to the fiduciary principle. It's a wolf in sheep's clothing. There's a fox in the henhouse. Do what you would do with any varmint. Run them off."

"Another anti-fiduciary slant is the "I was elected to make decisions" mentality. While maybe well meaning, this attitude presupposes that the community is just fine with whatever this person decides. By extension, this person believes that soliciting community input on important issues is a waste of time. Wrong, wrong, (repeat) wrong."

Quotes from Realy Times http://realtytimes.com/rtpages/20020821_hoasensitivity.htm

Seems like our board has run amuck!

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