As your business grows and expands, you will require more board members to supervise the management. This is often done by elected leaders. Elections are a way to ensure that board members do not have a monopoly on power. They also view build trust among the members of the governance that is independent of management.
In general, the organization’s bylaws will specify which committees are responsible of soliciting nominations as well as recommending candidates for election to the board. It is typical for this committee to be called the governance committee or a board development committee. The board may also choose to appoint an external consultant to help with the process of finding new board members.
After the nominating committee has voted on a list of potential candidates, they must share details about each candidate to all members of the board prior to the next meeting. This can include bios, resumes, and a statement about the experience of the panel that nominated each candidate during the interview process. They should also explain why they believe this person deserves to be selected for the position.
The best board members are those who are not just passionate about your cause, but also have solid moral values and a sense of integrity. They must be strategically-minded and willing to put their time and resources in the organization. They should also understand the difference between governance and management, and be aware of the fact that their primary role is governance. The board members should not be involved in any conflicts of interests, whether with the management team or any other board members.