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HOA Board Member Starter Guide & Checklist

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11 CHECKLIST: TOP 8 TIPS TO BE A SUCCESSFUL NEW BOARD MEMBER Learn the board officer positions: President, vice president, treasurer, and secretary. Follow your fiduciary duty: The five pillars that are part of your fiduciary duty include the Duty of Utmost Care, Duty of Full Disclosure, Duty of Loyalty, Duty of Integrity, Duty of Good Faith. Be prepared: Read your governing documents; know what's happening in your community; come ready for meetings. Learn to delegate: Lean on service providers and professionals, like community managers, attorneys, accountants, and more. Stay positive: You're a chosen leader who has a responsibility to set a good example. Focus on communication: Because informed homeowners are happier homeowners, communicate through all channels available. Provide flexibility for differing opinions: Disagreements can and do occur, but it's important to be open, listen, and consider differing opinions. Run an effective open forum: Homeowner input is vital because it can affect big board decisions and promote harmony. 7 6 5 4 8 9 10 11 3 12 2

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