Here are the top twelve Directors & Officers Claims:
- The Board’s failure to adhere to by-laws
- The Board’s failure to properly notice elections
- The Board’s failure to properly count votes/proxies
- Challenges by Members regarding power granted the board by by-laws
- Improper removal of board members
- Decisions by the board resulting in physical damage to the association property
- Challenges to Assessments
- Approval of variances, generally by an architecture committee
- Breach of fiduciary duty
- Challenges to decisions of the architectural review board
- Questions or challenges regarding easements
- The Board’s failure to maintain common areas
Download these pdfs for further information:
Why Board Members Need Community Association D&O Liability
Under Cover - D&O Claims Examples