board member responsibilities and conduct

couple good articles in the cooperator online magazine.
board member ethics and pitfalls

Another no-no is when board members play favorites as far as parking space waiting lists are concerned. "Putting their friend higher on the list is abusing their powers and is not doing what's best for the board," Altman says.

it also goes into describing how at least two board member signatures are responsible for all major purchases and important financial matters.
transparency and good information flow was also brought up many times in all the article concerning the boards conduct with shareholders.