The following is an excerpt from page 22 of the Austin Board of REALTORS® Governing Policies, which can be accessed here.
The work of the Board of Directors is to serve as trustees for the members (owners) in determining and demanding appropriate organizational performance.
1. Eligibility to Serve as a Director. Eligible to serve as President-elect, Secretary/Treasurer or Director are those members who meet the requirements as stated in Article XI of the ABoR Bylaws for each position.
2. Attendance. Members are required to attend all meetings, to arrive on time and stay for the duration of meetings. If a situation requires their departure, the member will be recorded as absent if not in attendance for at least ¾ of the meeting. As indicated in the Bylaws, “Any Director who fails to attend three (3) regular meetings of the Board of Directors during any calendar year shall be deemed to have resigned from the Board of Directors”
3. The Board will concentrate its efforts on the following:
- To serve as the link between the Association and the Members.
- To clarify values and visions in written governance policies that at a strategic level address:
- ABOR GOVERNING POLICIES CHAPTER 1: VISIONS: Each five-year Vision affirms a future state that we wish to reach through several Strategies. We will also ensure operational and financial Objectives are created to determine how best to use our resources of time, money, Volunteers and Staff to the fullest extent.
- ABOR GOVERNING POLICIES CHAPTER 2: CEO Expectations: The parameters on executive authority which establish the prudence and ethical boundaries within which all executive activity and decisions must take place.
- ABOR GOVERNING POLICIES CHAPTER 3: Governance Process: The description of how the board conceives, carries out, and monitors its own performance.
- ABOR GOVERNING POLICIES CHAPTER 4: Board‑CEO Relationship: The delegation of authority, its proper use and how it is monitored; the CEO’s role, authority, and accountability.
- The assurance of the Association’s performance:
- Policies 2a and 2b for the CEO;
- Policies 2c and 2d for the Board.
4. The Board of Directors will have additional responsibilities:
- Approve all Committee policies, Bylaws, and appointments.
- Annually validate the charters and purpose of all committees, task forces, strike forces, etc.
- To support majority decisions of the board and speak with one voice.
- Identify candidates for future leadership.
- Maintain a working knowledge of the Bylaws, Policy Governance, and Strategic Plan.
- Oversee long-term investments, audits, and association budgets
- Select NAR Directors, TAR Nominating Committee, TREPAC Trustees, and PIC.