What are the responsibilities of the board of governors?

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.