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Here’s what you missed this week:

In the News

More legislative changes for Colo. HOAs
After several embezzlement scandals rocked community associations, Colorado lawmakers passed a law that will dictate debt-collection practices for HOAs, including offering overdue homeowners a six-month payment plan before pursuing collection. Other new laws also require community managers to be licensed by the state and prohibit some areas from installing turf grass. The Denver Post (7/4)

Leadership

Leaders come in 5 flavors, researchers say
There are five leadership styles upon which executives depend, according to a recent study. Some bosses have a gruff, “tough love” approach; others are nurturing mentors, hard-working single-minded leaders or “country clubbers” who get things done by networking and charming those around them. Whatever your natural style, you’ll achieve more if you’re able to borrow from other modes of leadership as the situation demands, writes Andrea Kay. USA Today/Gannett News Service (6/29)

Ethics and Professional Conduct

Perks are nice but engagement is better
Offering perks such as free meals and long vacations can lift staff morale, but it’s much more important to make sure your employees feel engaged with their jobs, according to research by Gallup. “If you’re engaged, you know what’s expected of you at work, you feel connected to people you work with and you want to be there,” Gallup’s Jim Harter said. “You feel a part of something significant, so you’re more likely to want to be part of a solution, to be part of a bigger tribe.” Gallup Business Journal (7/2)