1.
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Adopt Nathan's Meeting Rules
and follow them.
All directors should read and understand the most important rules.
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2.
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Always be civil. |
3.
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Disagreements are healthy. In
fact, it is a sign of a poor board if they normally agree on
everything.
That is when serious mistakes are made.
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4.
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Work with people's strengths.
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5.
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Everyone has tasks to perform.
No free-loaders.
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6.
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If not committed, a director
should be expected to resign. |
7.
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Remove any officer who thinks
they are indispensable or will not share information.
These people are dangerous.
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8.
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Late fees will not be tolerated.
Lien everyone who is late before the 90 days is up. No exceptions.
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9.
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Understand the Inside Management
Rule and follow it. A board has to replace a president or a manager who
acts on their own.
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10.
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The board has control of the
corporation's bank accounts, not the property management company. All
receivables are deposited in the corporation's accounts, not the
property management's account then transferred over later.
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11.
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The president must be able to
build a good performing team. That is his or her most important
function.
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12.
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Ethics is everything. No lies or
half-truths. If you are playing politics,
come out and say so. |
13.
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Last-minute rushes by the
manager must not be tolerated. A manager who has a habit of needing
cheques or contracts signed immediately, without the signing officers
being given
sufficient time to examine the invoices or paperwork, should be sacked.
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14.
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All bills will be paid in full
and on time.
No discounts for early payment will be missed. Contractors perform
better for clients who regularly pay their bills on time.
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15.
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Being
on the board is a learning experience. All directors should be
encouraged to improve their knowledge and improve their skills.
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