Cohousing-L Mailing List: Re: Fiduciary Responsibilities - Taking Care of the Community

[oz (oz]

Many cohousing communities, Songaia included, have a board which includes
every adult member of the community - so the board and the community
membership are one...

On Wed, Jul 4, 2012 at 9:40 AM, Norman Gauss <normangauss [at] 
charter.net>wrote:

>
> The whole community does
> not have fiduciary responsibilities for its members and cannot be held
> liable for negligence or purposely making decisions based on personal
> preferences of a few members.
>
> The Board of Directors, being a fiduciary body, legally cannot let personal
> interests of its members be a basis for its decisions.  It must have the
> welfare of the community in mind rather than the welfare of its members.



> Our membership is uncomfortable with the Board
> making unilateral decisions and is not willing to give the Board leeway to
> act in the best interests of the HOA.
>
> Does this type of conflict exist in other cohousing communities?
>
> Norman Gauss
> Oak Creek Commons
> Paso Robles, CA
>
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