Condo board was delinquent in duties including financial records

I am on a condo board. I recently found out that the member on my condo board did not keep any records on who paid and did not pay their common charges. I also found out that my board president knew about this for several years and covered it up. According to our bylaws all board members cannot be held liable for anything except for willful misconduct or bad faith. My question is, is it willful misconduct to not keep records so we have no idea who has paid, never went after anyone who did not and then cover it up rather than tell the rest of us. Is that considered willful misconduct?