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Question for any Association Director

Posted: Wed Aug 27, 2014 7:04 pm
by mpallamary
Can anyone tell me what the legal warning noted in bold fonts on the October 4 meeting notice means? It says:

REMINDER: Legal counsel strongly urges Board members to maintain confidentiality regarding this matter. All matters discussed in Attorney-Client Privileged Session during the Boards April and July meetings also must remain absolutely confidential. Lapses in confidentiality are likely to be harmful to all persons concerned.

What does it mean when a "lapse" in confidentiality is "likely" to be "harmful" to all persons concerned? What is a "lapse?" What does "likely" mean?

Who is involved here. i.e. "all persons concerned?" What kind of harm would befall someone? Will they be sued, will they lose their license? Will they be expelled? It is unclear. The definition of "harm," from one dictionary reads:

"physical or mental damage or injury : something that causes someone or something to be hurt, broken, made less valuable or successful, etc."

Many people perceive the admonition as a threat. Can anyone answer this question or are they afraid to or, did they as the rumors go, receive a threatening call?

If the membership can have a better understanding of the nature of this admonition, it will assist them in dealing with the bylaws situation.

Thank you all. I look forward to someone replying.

Posted: Wed Aug 27, 2014 7:11 pm
by land butcher
I have a better question, what could the BOD of a org like CLSA be discussing at a meeting that would have to be kept secret? I believe this is CLSA not CIA.