Posted with permission of HOALeader.com
In this week’s tip, we answer an HOAleader.com reader’s email about their board hiring their former president at $15 per quarter hour. Apparently, the current board says this former president can advise the board because the president knows a lot about the community.
To help our reader out, we’ve broken this down into two parts. Can boards do this? And should boards do this? The short answers are probably “yes” and “not if you can avoid it.”
We asked four experts about this situation, and all agreed that it would likely be legal in their state for a board to hire a former president.
“In Florida, you can hire anybody you want to perform any service you want,” says Lisa Magill, of counsel based in Pompano Beach, Fla., Kaye, Bender & Rembaum. “Obviously, that doesn’t include services that must be performed by those with a license, such as a community manager.” [Read the rest here]