He said the "worst-case scenario" for the chamber would be having to pay an excess of "less than $5000".
Mr Temm was asked about Mr Gordon's claim he found out he'd lost his job by reading a chamber media statement.
"That statement was provided to our lawyers and Roger's lawyers before it went to the press. Everyone agreed that's what we'd forward," Mr Temm said.
When the Rotorua Daily Post spoke to Mr Gordon after the meeting, he denied that.
"I stand by my previous comment that I was not advised personally of my dismissal before it appeared in the media," he said.
Mr Gordon did not wish to make further comment.
Mr Temm also said the chamber had received "a number of complaints" from members who had received unsolicited emails that expressed concerns about the chamber's actions.
Mr Temm said an inquiry was ongoing into how those email addresses were obtained.
In other agenda items, the board went through its strategic plan from October last year and a "better than expected financial result to March 31".
Members were told the chamber expected a profit in excess of $10,000 - after losses of $48,284 and $31,342 in 2013 and 2012 respectively.
"For the first year in a number of years we are in the positive across the board," Mr Temm said.
Mr Temm said the executive was now deciding whether to appoint an interim chief executive or wait until the employment dispute with Mr Gordon was resolved.
Mr Temm also took the opportunity to discuss the first three months' performance of 2014 and the board's future plans.
He said the executive board was elected in June 2013 after 11 of the previous 13-strong board had resigned.
When asked whether that turnover was a sign of "dissension in the ranks", Mr Temm told members they could "draw their own conclusions".
He said the board held a strategic meeting in October and developed a plan that included developing alternative sources of funding (rather than relying on membership fees), renewing sponsorships, looking at membership turnover, marketing and networking and building business capability.
He said the board's performance should be measured against that plan and gave examples of how it was meeting those goals.
Regular events had continued this year, with the largest turnout being 185 at a Business After 5 at Okere Falls Store last month.
Mr Temm said numbers attending chamber events did not reflect the membership of 648 businesses and that needed to be looked at.
"What do members want from their membership?" Mr Temm asked. "How can we add value to their membership?"
Membership had grown from 413 in 2006, which Mr Temm acknowledged had been a "joint exercise" between Mr Gordon and previous boards.
Takiwai Rotorua Maori Business Network's Lara Northcroft, The RadioNetwork's Richie Fullard and Westpac's Steven Pinder had been seconded to the executive board, Mr Temm said.
Mr Temm announced the AGM will be held on June 26.
Up until then, the executive board planned to continue building relationships with the Rotorua District Council and CBD stakeholders, identify issues members want the chamber to focus on, consolidate the chamber structure and confirm sponsorships - among other things.
"The overwhelming focus at the meeting was the message that the Rotorua business community has a number of issues confronting it and there is a need for the chamber to be forward focused on achieving the best for its members and economic growth in the city and district," the chamber said in a statement.
