One of the most important aspects of being on the board of your community association, aside from carrying out the business functions of the association, is adhering to a set of ethical standards. As a board member, you are entrusted with the overall care of the association and are always called to act reasonably and use good faith judgement. While terms like "reasonably" and "good faith judgement" can be subjective, if board members have a set of ethical standards to which they hold themselves, making decisions and maintaining harmony within the community will be easier tasks.
Coming Up with a List of Ethical Standards
So, where should board members find a set of ethical standards? Of course there are ethics in the general sense that we all think about - The Golden Rule, for example - but when you're a volunteer leader in your community, having a specific set of ethical standards that you and your fellow board members agree to use when making decisions and taking actions will allow you to rest easy that you're doing the right thing and keeping the community's best interest in mind at all times.
The Community Associations Institute (CAI) has a set of ethical standards to which its members should adhere. These standards have been carefully crafted by experienced industry professionals and are put forth to guide you through your tenure as a board member.
Some of the provisions set forth in CAI’s code of ethics dictate that board members should:
Conservation Group Signs $8M Deal To Buy The Point On Topsail Island
Audrey Elsberry
-
Mar 26, 2024
|
|
Rezoning Could Bring 123 Townhomes To Growing Leland Corridor
Emma Dill
-
Mar 25, 2024
|
|
N.C. Ports Officials React To Baltimore Bridge Collapse
Audrey Elsberry
-
Mar 26, 2024
|
|
Engineering Firm Hires Four Employees
Staff Reports
-
Mar 26, 2024
|
|
National Organization Bestows Top Award On Cape Fear Professional Women In Building
Staff Reports
-
Mar 26, 2024
|
Polyhose manufactures and fabricates hose protection, paint hose assemblies and rubber hydraulic assemblies from its Pender County facility....
A shortage of cybersecurity professionals influenced professor Ulku Clark and her team to slowly evolve UNCW’s offerings to now include eigh...
Pender County Realtors recently shared updates about the coastal market at an event hosted by the Wilmington-Cape Fear Home Builders Associa...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.