Sometimes, I feel that the Marx Brothers made more sense than what I have to deal with in my co-op's board meetings. But then, I often feel this way after a co-op board meeting. I wish I would write about what transpired at the meeting in this forum - but I can't. What I can say is that we worked well together, and we are all on harmonic wavelengths with business and the challenges in front of us.
Why am I talking about a meeting when I can't talk about what happened inside of it? Well, the answer is simple. Not all condo or co-op boards have overcome the challenges our board has tackled. Some have it much easier than we do, as they have shareholders who take an active interest in running the co-op. Others have major challenges in front of them, such as the HOA's for the Florida shore front condos that need major structural repairs due to years of moist ocean air putting properties at risk of structural failure. My co-op is somewhere in-between, and we have accomplished a lot in the time since I joined the board.
As I see it, the biggest risk to co-op boards and HOA's is apathy. The second biggest risk is bad (or corrupt) management, either by the board or a management company. One thing I know is that I intend to be on the board of whatever future residence I live in.
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