Partner agreed to be director in our OMC. What are his responsibilities?

[qwerty-2023]

I live in a small building (around 15 units) and building management consists of unpaid directors from among the owners + a paid accountant.

My partner (who owns our apartment) agreed to become a director as one of the other owners was sick of doing it (had done it 10+ years).

What are his (legal and/or financial) responsibilities here? What are the main things that could potentially go wrong?

I am worried because he did it "to help out" but doesn't quite know what he is now accountable for.

He seems to think he only really needs to sign off on expenses/accounts (?) but what if anything could he potentially be held responsible for?

Thanks in advance for any help or resources!

 

[Paul M.]

The Housing Agency and Chartered Accountants Ireland published a guide a while ago:- https://www.housingagency.ie/sites/default/files/2021-05/OMC-Guide-Directors.pdf

 

[qwerty-2023]

Thank you so much! This guide is exactly the sort of thing we were looking for.