Board elections are an essential element of growing your business socially and economically and maintaining good governance. Elections that are competitive and with a high voter participation prevents a monopoly of power by ensuring that the board is diverse in its skills, experiences and interests to best meet the needs of the business.
The Bylaws for your organization provide guidelines and legal rules regarding how you conduct board votes. They typically specify how many votes are needed to choose a candidate as well as the types of positions that require a vote, as well as how the terms of office may be removed, added, or changed.
In the majority of organizations that are member-based, the board regularly votes on matters like dues, membership tiers and other benefits. But the main responsibility of your board is to ensure that the organization can operate responsibly and efficiently.
A well-run board election should include voting, nominations for a nominations’ committee and training to help new members get up to speed. The process is a fantastic way to build trust and create a sense of engagement with your board members, while demonstrating your governance capabilities.
It is vital that the nominating committee take the time to carefully examine the list of members and ensure that each candidate meets the requirements for the position. The board will have to call a new election in the event that someone is elected, but later finds out they can’t serve. You can avoid this by asking any member who is aware that they are unable to serve, to ask to be removed from nomination at the nominating meeting.
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