CAI-NJ March 2022

BOARD MEMBERS... from page 40.

8. Always speak with one voice, sup- porting all duly adopted board decisions – even if the board member was in the minority regarding actions that may not have obtained unanimous consent. This principle is based in practicality rather than black letter law. While there might be some disagreement in pri- vate, the most effective boards perform appropriate due diligence, thoroughly debate issues, make a decision (even if not unanimous) and then announce and enforce those decisions as a united

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“A board that appears divided in public will often result in dissention, a lack of confidence and even respect by the community.”

front. A board that appears divided in public will often result in dissention, a lack of confidence and even respect by the community. Conclusion While the CAI Ethics Code is not an exhaustive list of all possible items, the ethical principles which form the basis for the above eight guidelines can be universally applied to virtually any scenario a board may face. The common thread of these guidelines is the concept of fiduciary duty. If boards look at every situation, oppor- tunity and problem through the lens of what is best for the community, boards will not only be complying with their ethical obligations, but also acting in a manner that best serves the long- term success of their community. n

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