The board's responsibility

The board of directors of a housing cooperative has a legal responsibility to manage and operate the housing cooperative in a responsible manner, in accordance with applicable laws, articles of association and decisions made by the housing cooperative's general meeting.

Specifically, this means that the board must ensure that the housing cooperative has adequate insurance, that accounts and budgets are kept and approved, that all apartments have access to necessary services such as water and electricity, and that maintenance and repairs of common areas and common installations are carried out in a professionally satisfactory manner.

If the board of directors fails to fulfil its duties and responsibilities, the directors may be held personally liable for any financial losses or damages arising from their errors or omissions. In many cases, "maladministration" occurs simply because the board does not have access to sufficient technical expertise, thus creating the risk of making the wrong decisions.

The board's helper and advisor

NIRO Groups has employees with many years of experience working in both housing cooperatives and housing associations.

We know where the "shoe pinches" and are happy to contribute our expertise in both individual cases or as an assistant who can provide advice to the board over a longer period of time. Did you know that we often contribute to major savings for a housing association simply by putting ongoing maintenance tasks out to tender?

Our most important task in independent advisory board work is to safeguard your board's values, and make it easy to make the right choices that document to unitholders that you, as chairman or board member, have managed their values in a good way. This builds trust and contributes to a good climate between residents and the board.