Posted with permission of HOALeader.com
An HOAleader.com reader asks: “There are several committees in our HOA. Most have charters that describe the scope and function of the committee. We’ve learned that all committee members should sign the charter as it protects them from legal action the same as board members. What can you share about this?”
We can help! Here, our experts suggest best practices for committee charters, including whether to require committee members to sign the charters—and what happens if they refuse?
The Easy Part: Signatures
So our reader’s direct question seems to be: Do we need to have all committee members sign a charter to get the legal protection board members receive?
In general, our experts say signed acknowledgement of a charter isn’t a must for committee members and associations to have legal protections. “Once you appoint someone to a committee, they’ll be entitled to coverage and a defense under the association’s directors and officers insurance policy,” says Lisa Magill, of counsel based in Pompano Beach, Fla., Kaye, Bender & Rembaum. [Read the complete article here]
