TREASURE ISLE HOA NEEDS YOU
GET INVOLVED IN TREASURE ISLE HOA – SERVE ON THE BOARD OF DIRECTORS
The three-year terms of directors Gil Whelan and Jim Burris expire this year. Two directors will be elected at the August 17, 2023 Annual Meeting.
If you are a Treasure Isle HOA homeowner, you are automatically eligible to run for a seat on the board. And you may nominate yourself.
Because prospective directors may nominate themselves, the process is easy. Complete and return the attached STATEMENT OF CANDIDACY – 2023 Election of Directors to:
By mail to the Inspector of Election; Treasure Isle HOA; PO Box 4726; Foster City CA 94404-0726
OR
By email to mulqueeney@sbcglobal.net
As of May 24, 2023 there is one candidate.
THE DEADLINE FOR NOMINATIONS IS THURSDAY, JUNE 8, 2023
(Candidates will be listed on the ballot in the order nominations are received.)
As noted above, all directors must be homeowners. The board is composed of seven (7) directors. The term for all directors is three (3) years. The terms are staggered such that each year there are either three (3) or two (2) positions to be filled. Each director holds office until the later of the expiration of the term for which he/she is elected (or appointed) or until a successor has been elected (or appointed) and qualified.
The benefits of being a Treasure Isle HOA board member are many:
· It is an opportunity to contribute your talents to the betterment of your community – new ideas are the lifeblood of a good organization.
· It provides the opportunity to gain an appreciation for the entire association and how well it works.
· It provides an opportunity to gain board experience.
DIRECTOR DUTIES
CALIFORNIA CODES CORPORATIONS SECTION 7231
(a) A director shall perform the duties of a director, including duties as a member of any committee of the board upon which the director may serve, in good faith, in a manner such director believes to be in the best interests of the corporation and with such care, including reasonable inquiry, as an ordinarily prudent person in a like position would use under similar circumstances.
(b) In performing the duties of a director, a director shall be entitled to rely on information, opinions, reports or statements, including financial statements and other financial data, in each case prepared or presented by:
(1) One or more officers or employees of the corporation whom the director believes to be reliable and competent in the matters presented.
(2) Counsel, independent accountants or other persons as to matters which the director believes to be within such person’s professional or expert competence; or
(3) A committee of the board upon which the director does not serve, as to matters within its designated authority, which committee the director believes to merit confidence, so long as, in any such case, the director acts in good faith, after reasonable inquiry when the need therefor is indicated by the circumstances and without knowledge that would cause such reliance to be unwarranted.
Board of Directors