Co-Op Crisis and Board Management
Receive Counsel From a Crisis Seasoned Sutton Place Board President
Counsel From a Crisis Seasoned Board President
Leadership
Being a Co-Op Board President is tantamount to managing a group of employees, each of which is not a subordinate but a peer. Although there is a President, a Vice President, a Treasurer and a Secretary among other directors, there really is no truly effective org chart. As President you need to provide leadership and direction with a kind, inclusive hand.
Manage the Community
In times of peace you are the chief complaint officer, but in times of crisis your responsibility is to look out for all your fellow shareholders physically and fiscally.
Your Co-Op is and isn't a small real estate business
While it is true that a Co-Op is a small real estate business with all the functions of a small city, the Co-Op board is really running a community that happens to have a P&L and a balance sheet.