HABITAT
Subscribe for Daily Updates!
I am a board member, and our board president has stated that we have an informal confidentiality policy that must be followed. what is the official confidentiality policy for board members by law? He argues that ANYTHING said at a board meeting should not be shared with shareholders. I think this is a violation of our rights and of shareholder rights. Certain things like shareholder information, liability concerns, etc. are not for public consumption. But other issues that are already public can be shared and in fact I believe should be shared. Our by-laws say nothing about confidentiality - what is our legal responsibility to confidentiality, and what can and should be shared with shareholders?
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Habitat u
visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Archives
search
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!
Confidentiality has several ramifications as to shareholder information, contract information, board member information (e.g.: voting, opposed or for), salaries, etc.
Here are some references.
Just for starters
http://cooperator.com/articles/1491/1/Board-Resource-Guide-Etiquette-for-Board-Members/Page1.html
http://cooperator.com/articles/1069/1/The-Need-to-Know/Page1.html
http://cooperator.com/articles/1096/1/Disseminating-Information/Page1.html
Thank you for rating!
You have already rated this page, you can only rate it once!
Your rating has been changed, thanks for rating!
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.