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TIP 2: FOLLOW
YOUR FIDUCIARY
DUTY
Every board member has a fiduciary duty,
which is an obligation to act in the best
interest of the entire association. No decision
should ever be made that only benefits
themselves or a select group of people.
Instead, fiduciary duty mandates decisions
are made very carefully as you consider the
needs of the individuals and the community as
a whole. Generally, the five fiduciary duties of
board members include:
• Duty of Utmost Care
• Duty of Integrity
• Duty of Full Disclosure
• Duty of Loyalty
• Duty of Good Faith
These five pillars act as a solid foundation to
guide a board's actions.
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