The financial lessons learned from homeownership combined with the self-esteem earned through being financially disciplined and the sense of

1. Adopt a set of policies relating to the governance of the co-op or condo, e.g. sales, subleases, amendments to by-laws and building finances, including a capital expenditure plan. 2. Hold information meetings over several months to explain new policies and procedures to shareholders. 3. Designate one Board member or Managing Agent to communicate ongoing decisions and proposed actions to shareholders and interested parties who are not shareholders. Stop the side-bar c

Guideline #1. Do not adopt a policy or decision until you can individually and collectively answer the following question: Do I/We understand the ramifications of this decision or policy? Guideline #2. All Board deliberations are confidential. Guideline #3. A Board should speak with One voice. You risk abdicating your collective responsibility when you allow one member to convey his/her position, unilaterally to the management company as if he/she is speaking for the entire B