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:
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