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	<title>APM News Express &#187; Business Practices</title>
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	<description>Community Association Property Management, Palm Beach Co., Florida</description>
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		<title>Does Your Board of Directors Adhere to the Business Judgment Rule?</title>
		<link>http://www.apmnews.org/does-your-board-of-directors-follow-the-business-judgment-rule/</link>
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		<pubDate>Thu, 08 Apr 2010 18:51:06 +0000</pubDate>
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				<category><![CDATA[Board of Directors]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[Statutes]]></category>
		<category><![CDATA[Business Practices]]></category>
		<category><![CDATA[Decisions]]></category>
		<category><![CDATA[Effective Leadership]]></category>
		<category><![CDATA[Liability]]></category>

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		<description><![CDATA[Board of Directors in community associations are protected from liability in the course of operating and making decisions by what is known by the “Business Judgment Rule”.  The Business Judgment Rule requires that the Board act within a reasonable manner and take the necessary steps to justify their decisions. If the Board did not use good business practices in their decision and something were to happen or be challenged, it could then be argued that they did not use good judgment. ]]></description>
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