Effective communication is crucial for managing boards' governance challenges. Managers facilitate discussions, distill information, and encourage transparent communication with shareholders through newsletters and meetings.
Effective communication is crucial for managing boards' governance challenges. Managers facilitate discussions, distill information, and encourage transparent communication with shareholders through newsletters and meetings.
After taking over a self-managed co-op with an efficient but communication-lacking board, new measures like Q&A sessions and newsletters improved relations with shareholders. Tech-savvy additions and improved internal communication have shown positive results.
During a condo's construction project delays, communication is key. Craft clear explanations, don't wait to communicate, and manage expectations to prevent owner concerns and discontent.
The writer expresses concerns about the tone of their board's emails to residents and seeks advice on improving it. The response advises adopting a neighbor-to-neighbor tone, avoiding imperious language, and inviting dialogue with residents.
There are ways for boards to reassure their community when a shareholder sues.
Residents need to know when boards make changes to the proprietary lease.
Don’t let the rumor mill get out of hand.
Clear communication between the board and vendors helps keep everyone informed.
Sometimes the best way to resolve conflict is to just let people talk it out.
Less is more when it comes to communicating with residents.