MYTH
Board members only act for the good of
themselves, not the community.
FACT
The most significant responsibility for the board of directors is to act in the
best interest of the association. A board member's decision should
never be made only to benefit themselves or a select group of people.
Most boards have a mandated Board of Directors Code of Professional
Ethics. This code outlines expected behavior regarding integrity and
objectivity, technical standards, conflicts of interest, and more.
While specific guidelines for handling conflicts of interest may be highlighted in your
association's bylaws, advice from legal counsel is recommended if there are questions.
Should a director be found in a conflict of interest that hasn't been disclosed to the
board, the board may require the director to fully reveal the nature of the conflict of
interest or, by special resolution, remove the director from the board.
