[24123] in APO-L
Re: [APO-L] Board Liability
daemon@ATHENA.MIT.EDU (Price, Todd)
Wed Jan 21 11:16:42 2004
Date: Wed, 21 Jan 2004 11:15:41 -0500
Reply-To: "Price, Todd" <Todd.Price@Detroitdiesel.com>
From: "Price, Todd" <Todd.Price@Detroitdiesel.com>
To: APO-L@LISTSERV.IUPUI.EDU
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Yes Rich...the key phrase here is: "...lawsuits against the national
fraternity".
But what traditionally happens in any such litigation is that the
organization/corporation is named, but then so is every individual member of
the board. So now everyone is on the defensive, and often they will have to
make an appearance in court or threaten countersuit to have their name taken
off the original complaint.
-----Original Message-----
From: Vehlow, Richard [mailto:Richard.Vehlow@ogs.state.ny.us]
Sent: Wednesday, January 21, 2004 11:12 AM
To: APO-L@LISTSERV.IUPUI.EDU
Subject: Re: [APO-L] Board Liability
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 <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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<TITLE>RE: [APO-L] Board Liability</TITLE>
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<DIV><SPAN class=3D452281216-21012004><FONT face=3DArial =
color=3D#0000ff size=3D2>Yes=20
Rich...the key phrase here is: "...lawsuits against the national=20
fraternity".</FONT></SPAN></DIV>
<DIV><SPAN class=3D452281216-21012004><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D452281216-21012004><FONT face=3DArial =
color=3D#0000ff size=3D2>But=20
what traditionally happens in any such litigation is that the=20
organization/corporation is named, but then so is every individual =
member of the=20
board. So now everyone is on the defensive, and often they will =
have to=20
make an appearance in court or threaten countersuit to have their name =
taken off=20
the original complaint.</FONT></SPAN></DIV>
<DIV><SPAN class=3D452281216-21012004><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<BLOCKQUOTE>
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Vehlow, Richard=20
[mailto:Richard.Vehlow@ogs.state.ny.us]<BR><B>Sent:</B> Wednesday, =
January 21,=20
2004 11:12 AM<BR><B>To:</B> =
APO-L@LISTSERV.IUPUI.EDU<BR><B>Subject:</B> Re:=20
[APO-L] Board Liability<BR><BR></FONT></DIV>
<P><FONT size=3D2>I was under the impression that lawsuits against =
the national=20
fraternity are after the National Fraternity's assets- being income, =
property=20
and holdings. Not the assets of the individual volunteers or =
employees.=20
Corporations are set up that way- I assume that as a large =
incorporated=20
organization, we were too.</FONT></P>
<P><FONT size=3D2>-Rich Vehlow "REV"</FONT> <BR><FONT =
size=3D2>Section 88=20
Leadership Coordinator</FONT> </P>
<P><FONT size=3D2>-----Original Message-----</FONT> <BR><FONT =
size=3D2>From: Packy=20
Anderson [<A=20
href=3D"mailto:packy@dardan.com">mailto:packy@dardan.com</A>]</FONT> =
<BR><FONT=20
size=3D2>Sent: Wednesday, January 21, 2004 10:06 AM</FONT> <BR><FONT =
size=3D2>To:=20
Vehlow, Richard</FONT> <BR><FONT size=3D2>Subject: Re: [APO-L] Board=20
Liability</FONT> </P><BR>
<P><FONT size=3D2>On Wed, 21 Jan 2004, Vehlow, Richard wrote:</FONT> =
<BR><FONT=20
size=3D2>> I was having a dinner conversation with two fellow =
section staff=20
members</FONT> <BR><FONT size=3D2>> the other day. We eventually =
stumbled=20
upon the omnipresent risk</FONT> <BR><FONT size=3D2>> management =
topic, and I=20
apparently learned something interesting. If the</FONT> <BR><FONT =
size=3D2>>=20
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=20
have you been the</FONT> <BR><FONT size=3D2>past couple years? =
That's one=20
of the biggest reasons behind the push for</FONT> <BR><FONT =
size=3D2>Risk=20
Management, and one of the biggest considerations responsible =
people</FONT>=20
<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=20
=
Anderson &nbs=
p; &nbs=
p; &nbs=
p; =20
packy@dardan.com</FONT> </P>
<P><FONT size=3D2>In this life, the love you give becomes the only =
lasting=20
treasure</FONT> <BR><FONT size=3D2>And what you lose will be what you =
win</FONT>=20
<BR><FONT size=3D2>A well that echoes down too deep to measure</FONT> =
<BR><FONT=20
size=3D2>A silver coin rings down that well, you could never spend =
too=20
much,</FONT> <BR><FONT size=3D2>A diamond echoes deeper still</FONT> =
<BR><FONT=20
size=3D2>And you'll always have what you gave to love,</FONT> =
<BR><FONT=20
size=3D2>You will always have what you gave to love</FONT>=20
</P><BR></BLOCKQUOTE></BODY></HTML>
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