What capabilities are required of the board members?
The Chairman must see the vision for the estate clearly and understand how to achieve this. This person must understand corporate governance, have people skills, be able to communicate well and be able to speak in public. The roles of Finance, Security and PR must be filled by persons with skills in these fields
The Residential director needs people skills and the Regional Director must have an interest in news, politics and general issues, also an idea about development. All directors must be dedicated and have time for their roles
The beliefs of the residents are included as an important element in determining the strategy.
Fundamental to the requirement for the effective operation of the board, is the need to ensure that all residents take ownership of the vision. Only when there is full buy-in can we expect to have a harmonious society, all committed to enhancing the value of our properties and lifestyle.