CODE OF PROFESSIONAL ETHICS to be considered

HOMEOWNERS ASSOCIATION
BOARD OF DIRECTORS CODE OF PROFESSIONAL ETHICS
GENERAL STANDARDS

http://www.gvccc.org/documents/hoa_ethics.pdf

CODE OF PROFESSIONAL ETHICS
The following text was taken from the web. It something we should consider adopting and including in the Bylaws. http://www.gvccc.org/documents/hoa_ethics.pdf

Professional Competence - A Board member shall undertake only those responsibilities and assignment that he/she can reasonably expect to perform with professional competence.

Due Professional Care - A Board member shall exercise due professional care in the performance of his duties.

Planning and Supervision - A Board member shall adequately plan and supervise all functions for the Homeowners Association.

INTEGRITY AND OBJECTIVITY

A member may not knowingly misrepresent facts in order to achieve any measure of personal gain for themselves, or any affiliated company from which he/she may benefit. All decisions and representation made to the Homeowners Association must be made with the best interests of the Association in mind.
TECHNICAL STANDARDS
A member shall comply with all technical standards that are in force or may from time to time be promulgated by the Homeowners Association.
PROFESSIONAL COURTESY
All Homeowners Association Board members should exhibit professional courtesy to all community association management professionals and such professional courtesy shall include among other things.
- The Board Member shall not interfere with contractual relationships between community management professionals and contractors.
CONFLICT OF INTEREST
No member, or employee of a member, may use their position to enhance their own financial status through recommendation of vendors, suppliers or contractors that may pay a gratuity to the member or employee of a member of the organization. In addition, all situations where any appearance of a conflict of interest could exist must be disclosed in writing to the Board of Directors at the earliest opportunity. Any dealings with related parties must be fully disclosed to the Homeowners Association and abstentious and/or recusal must be entered on all voting and discussion
issues relating to the contractors.
GRATUITIES
It shall be the policy of the Homeowners Association to discourage the acceptance by its members of gifts, entertainment, or other favors from existing or prospective clients, vendors or suppliers. The following are intended to provide guidance in this regard:
- Gifts of a normal value and personal nature given as a token of friendship or special occasions such as Christmas, a job promotion or length of service award are acceptable. Likewise, entertainment that would be difficult to describe as “lavish” is acceptable. Although no precise definition of “nominal value” or “lavish entertainment” is possible, it is possible, it is intended that any gift, entertainment or other favor does not meet acceptable standards of the Homeowners Association if:
- If the gift, entertainment or other favor is judged above the standard of living of the donee and the donor;
- It is judged beyond the ability of the donee to reciprocate, either on a personal basis or with a legitimate claim for
reimbursement from the Homeowners Association; and the gifts or entertainment received would suggest to a
disinterested third party that the donee might be influenced in the conduct of the Homeowners Association business
with the donor.
- It is recognized that many clients, vendors and suppliers consider reasonable gifts and entertainment as an accepted
business practice without any intent to unduly influence the judgment of the Board of Directors.
- Cash gifts of any amount are deemed unacceptable.
Members must use discretion when vendors offer to pay for lunches or dinner that may be considered excessive under the circumstances of the donee.
No member, or employee of a member, may accept any unearned fees or other forms of remuneration that may actually be or appear to be, a conflict of interest.
USE OF HOMEOWNERS ASSOCIATION FUNDS
No member may use any funds being held for Homeowners Association business for their own personal use. All finds must be segregated either through bank accounts or accounting records.
RELATED ENTITIES:
Any engagement of a company or individual that is related to any member of the Homeowners Association Board of Directors in any way, must be disclosed to the Homeowners Association. This disclosure must be made in writing and approved by the Homeowners Association for the member to remain active on the Homeowners Association Board of Directors.
LIMITATIONS OF PRACTICE:
A Board member who is also engaged in the practice of another profession shall not perform such other services for the Homeowners Association while serving as a Homeowners Association Board member, if the performance of such services is likely to result in a perceived or real conflict of interest. Any member who misses three consecutive meetings of the board of directors will be removed from the Board.

I agree to the above stated Code of Ethics.

Signature Date
Signature Date
Signature Date
Signature Date
Signature Date