fae
Committee Members
Posts: 4
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Post by fae on Jun 13, 2019 3:55:51 GMT
We should have a Conflict of Interest clause spelt out as an addendum to the By-Laws.
What about Fiduciary Responsibility?
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Post by Admin on Jun 13, 2019 4:55:45 GMT
Both were created almost three years ago but they faded away.
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diane
Committee Members
Posts: 39
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Post by diane on Jun 13, 2019 13:40:32 GMT
Yes, they were created but not added to the By Laws for publication. Do you have a copy? If so, please post.
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Post by Admin on Jun 13, 2019 15:15:05 GMT
Yes, they were created but not added to the By Laws for publication. Do you have a copy? If so, please post. I have copies and will dig out later.
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diane
Committee Members
Posts: 39
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Post by diane on Jun 18, 2019 13:51:17 GMT
I found the Conflict of Interest & Fiduciary Responsibility documents from 2017. These documents were prepared by the legal committee 2017-2018. Mike Babin was the chairperson. I think we should require all BOD to read & sign annually. TIMBERLANE ESTATES IMPROVEMENT__ conflict ....docx (18.31 KB) Unable to add the Fiduciary Responsibility as it exceeds file load. Will try to upload under another thread.
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diane
Committee Members
Posts: 39
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Post by diane on Jun 18, 2019 14:02:24 GMT
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Post by Fae on Jul 8, 2019 0:48:19 GMT
I find the Conflict of Interest form we have too vague. There are many professionals comprising our current Board. How would this affect them in relation to the members of our Board and community in terms of professional services. Am I not allowed to conduct business in the community because I am on the Board. Am I not allowed to advertise in the community because I am on the Board. If I were to sell another director's home or be a purchasing agent for a Board member, would that be a conflict of interest. While I want all my transactions to be above board (no pun intended), I do not want to put a noose around my neck by signing a Conflict of Interest and inadvertently committing one because I was not aware of the situation at the time.
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