Boards must balance transparency with caution when exercising their right to see board documents, keeping records up-to-date and promptly responding to resident requests while exercising discretion to protect sensitive information. (Print: Balance Transparency with Caution)
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“Books and Records” returned 6 articles
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Boards Must Balance Transparency with Caution when Handling Shareholder Requests
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Balancing Transparency and Confidentiality in Corporate Document Requests
Boards must balance transparency with protection of sensitive information when responding to shareholder or unit-owner requests for corporate documents, while also fostering communication between the board and residents to reduce document request overload.
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Tough Transition
When transitioning from sponsor management to third-party management, boards may face challenges obtaining financial records. Monthly reports and preventive measures are crucial.
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Know When To Hold, When To Fold
Co-op governance challenges include communication on revealing financials, offering plans, and board minutes. Transparency is crucial, balancing openness with privacy.
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How Record-Keeping in New Condos Can Uncomplicate Sponsor Relationships
Settling what expenses belong to a sponsor and what belong to the new co-op can be daunting.
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Take Access Requests Seriously
Boards have control over who can access their records – but requests shouldn't be taken lightly.
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