What document must be provided to the board of directors regarding conflicts?

The requirement for providing a Disclosure Requirement document to the board of directors stems from the necessity for transparency and integrity within condominium management operations. This document serves as a formal declaration of any potential conflicts of interest that individuals associated with the condominium, such as directors and management, may have in relation to their duties.

The purpose of this disclosure is to ensure that the board is fully aware of any circumstances that could influence decision-making. By having this information upfront, the board can take appropriate measures to address or mitigate conflicts, thus supporting fair and ethical governance within the condominium.

This is particularly important in the context of maintaining trust among unit owners and upholding the fiduciary responsibilities of the board. A Conflict Resolution Plan, Ethics Compliance Form, or Management Policy Statement might guide procedures or policies, but they do not directly fulfill the statutory requirement for disclosing conflicts of interest.