D.M. from Hartford County, Connecticut writes:
Dear Mister Condo,
Mister Condo replies:
D.M., the President certainly has the right to resign from the Board. This creates a void in the officers position for the Board to fill. Most commonly, a Vice President would “move up” the ranks and fill the vacancy although most governing documents allow the Board to appoint whomever they would like to fill the vacancy and serve out the term. The newly appointed President would likely be grateful for the added guidance of his or her predecessor as they transitioned into the role. However, they would also be free to completely disregard his or her advice as well as the former President has no standing on the Board once he or she resigns. I hope that clears up the matter. All the best!