HOA Nut House

Our board elected to dump 'another' management company (2 in 1 year), and handle everything in-house. Along with this, one member 'elected' to terminate the contract with the bookkeeper, at which time the board moved and passed to have the same member handle all the association finances and dues, paying her $250.00 per month. My question is, wouldn't this be a conflict of interest? Shouldn't there have been a vote, as well as some type of background conducted, and an explanation of experience to handle several hundred thousand dollars? Thanks for any help.