Good directors make a good board. With a focus on the duty of care and the duty of loyalty this basic primer focuses on how each individual director ensures the board’s success.
Good directors need to know what they can do as individuals to ensure a board’s success.
We’ve all heard about a director’s fiduciary duty and the duty of care. But how do these important concepts translate into the daily demand for good governance and principled leadership in our co-ops? What does "acting in the best interest of the co-op" really mean? How must a director and the board handle situations of conflict of interest?
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