Elections for board members are an essential element of growing your business economically and socially and ensuring strong governance. A high turnout of voters and contests stop a monopoly on power by making sure that the board is composed of a variety of skills, interests and experiences to best meet the needs of the company.
Your organization’s bylaws provide basic guidelines and legal guidelines for the conduct of board voting. Bylaws often specify the number of votes required to elect a specific candidate, the positions that require voting and how terms are added, removed or replaced.
In the majority of membership-based organizations the board of directors regularly votes on issues like membership tiers and dues. The primary role of the board is to ensure that the organization operates efficiently and responsibly.
A good board election will include voting, nominations, a nominations committee, and training to assist new members in getting up to speed. This is a great method to build trust and engage with your members, as well as demonstrating your governance capabilities.
The nominating committee must carefully examine the list of members and ensure that each candidate meets the requirements to hold the office. If a person is elected but later discovers they cannot serve the board will have to hold a second election. This is avoided by requesting that any member who realizes they cannot serve to ask to be removed from the nominations committee meeting.
www.boardroomsecrets.info/difference-between-executive-and-non-executive-directors/
