[24122] in APO-L
Re: [APO-L] Board Liability
daemon@ATHENA.MIT.EDU (Vehlow, Richard)
Wed Jan 21 11:12:30 2004
Date: Wed, 21 Jan 2004 11:12:18 -0500
Reply-To: "Vehlow, Richard" <Richard.Vehlow@ogs.state.ny.us>
From: "Vehlow, Richard" <Richard.Vehlow@ogs.state.ny.us>
To: APO-L@LISTSERV.IUPUI.EDU
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I was under the impression that lawsuits against the national fraternity are
after the National Fraternity's assets- being income, property and holdings.
Not the assets of the individual volunteers or employees. Corporations are
set up that way- I assume that as a large incorporated organization, we were
too.
-Rich Vehlow "REV"
Section 88 Leadership Coordinator
-----Original Message-----
From: Packy Anderson [mailto:packy@dardan.com]
Sent: Wednesday, January 21, 2004 10:06 AM
To: Vehlow, Richard
Subject: Re: [APO-L] Board Liability
On Wed, 21 Jan 2004, Vehlow, Richard wrote:
> I was having a dinner conversation with two fellow section staff members
> the other day. We eventually stumbled upon the omnipresent risk
> management topic, and I apparently learned something interesting. If the
> fraternity is sued, the 18-member board can be personally liable!
You've only JUST learned about Board liability? Where have you been the
past couple years? That's one of the biggest reasons behind the push for
Risk Management, and one of the biggest considerations responsible people
make when they run for a position on the board!
-packy
--
Packy Anderson packy@dardan.com
In this life, the love you give becomes the only lasting treasure
And what you lose will be what you win
A well that echoes down too deep to measure
A silver coin rings down that well, you could never spend too much,
A diamond echoes deeper still
And you'll always have what you gave to love,
You will always have what you gave to love
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<P><FONT SIZE=3D2>I was under the impression that lawsuits against the =
national fraternity are after the National Fraternity's assets- being =
income, property and holdings. Not the assets of the individual =
volunteers or employees. Corporations are set up that way- I assume =
that as a large incorporated organization, we were too.</FONT></P>
<P><FONT SIZE=3D2>-Rich Vehlow "REV"</FONT>
<BR><FONT SIZE=3D2>Section 88 Leadership Coordinator</FONT>
</P>
<P><FONT SIZE=3D2>-----Original Message-----</FONT>
<BR><FONT SIZE=3D2>From: Packy Anderson [<A =
HREF=3D"mailto:packy@dardan.com">mailto:packy@dardan.com</A>]</FONT>
<BR><FONT SIZE=3D2>Sent: Wednesday, January 21, 2004 10:06 AM</FONT>
<BR><FONT SIZE=3D2>To: Vehlow, Richard</FONT>
<BR><FONT SIZE=3D2>Subject: Re: [APO-L] Board Liability</FONT>
</P>
<BR>
<P><FONT SIZE=3D2>On Wed, 21 Jan 2004, Vehlow, Richard wrote:</FONT>
<BR><FONT SIZE=3D2>> I was having a dinner conversation with two =
fellow section staff members</FONT>
<BR><FONT SIZE=3D2>> the other day. We eventually stumbled upon the =
omnipresent risk</FONT>
<BR><FONT SIZE=3D2>> management topic, and I apparently learned =
something interesting. If the</FONT>
<BR><FONT SIZE=3D2>> fraternity is sued, the 18-member board can be =
personally liable!</FONT>
</P>
<P><FONT SIZE=3D2>You've only JUST learned about Board liability? =
Where have you been the</FONT>
<BR><FONT SIZE=3D2>past couple years? That's one of the biggest =
reasons behind the push for</FONT>
<BR><FONT SIZE=3D2>Risk Management, and one of the biggest =
considerations responsible people</FONT>
<BR><FONT SIZE=3D2>make when they run for a position on the =
board!</FONT>
</P>
<P><FONT SIZE=3D2>-packy</FONT>
</P>
<P><FONT SIZE=3D2>--</FONT>
<BR><FONT SIZE=3D2>Packy =
Anderson &nbs=
p; &nbs=
p; &nbs=
p; =
packy@dardan.com</FONT>
</P>
<P><FONT SIZE=3D2>In this life, the love you give becomes the only =
lasting treasure</FONT>
<BR><FONT SIZE=3D2>And what you lose will be what you win</FONT>
<BR><FONT SIZE=3D2>A well that echoes down too deep to measure</FONT>
<BR><FONT SIZE=3D2>A silver coin rings down that well, you could never =
spend too much,</FONT>
<BR><FONT SIZE=3D2>A diamond echoes deeper still</FONT>
<BR><FONT SIZE=3D2>And you'll always have what you gave to love,</FONT>
<BR><FONT SIZE=3D2>You will always have what you gave to love</FONT>
</P>
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