As part of her training of Association leadership across the country, Adorna has created a series of videos entitled “The Leadership Puzzle.” In the following segment, Adorna focuses on what the “fiduciaries” are all about. If followed, they can help insulate the directors from personal liability. However, breaching those duties can risk creating personal liability.

Adorna outlines the fiduciary duties of:

• Obedience
• Loyalty
• Disclosure
• Confidentiality
• Accounting
• Reasonable Care

To wrap up this segment, Adorna says: “As you review these fiduciary duties in detail, there will be some Aha! moments; there certainly were for me!”