Tuesday, September 18, 2012

Conflict of Interest

In the link below, two different HOA board situations in the state of California are discussed. Both scenarios display evidence that the HOA board is not acting in the best interest of the communities represented. In the first scenario, a board president had gone through five management companies in four years and was now considering the prospect of paying himself to manage the HOA. This situation has conflict of interest written all over it. While the details of this situation are not disclosed (see source below), it is clear that the president of this HOA is prepared to step outside of the bounds of his authority. The second scenario is much shorter, but also displays a conflict of interest. In a bid proposal, a board member passed over lower priced proposals in order to secure a proposal with a company the board member was associated with. This is clearly not in the best interest of the community this board member serves. It is an outrageous display of the abuse of one’s position.
Click here to view the source used in this post: http://communityassociations.net/cacondoguru/?p=509


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