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In an association with a purpose to preserve, maintain and protect real estate assets owned in common, the first responsibility is to obey the state or provincial laws enacted to protect this style of asset ownership.

More specifically, the governing documents for the association describe roles and responsibilities of the governors, or directors, which usually includes a president, vice president, secretary and treasurer. There is also a member-at-large category that may be populated by several governors or directors.

Generally, the responsibilities dictate how the business of the association is run.

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14y ago
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1y ago

The responsibilities of the board of governors vary depending on the organization or institution they oversee. In general, their main responsibilities include setting the strategic direction and goals, making policy decisions, appointing and evaluating the CEO or executive director, overseeing financial management and budgets, and ensuring compliance with legal and regulatory requirements. Additionally, they may also serve as ambassadors and advocates for the organization.

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Q: What are the responsibilities of the board of governors?
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