Elections for the board are crucial for the growth of your business, both socially and economically. They also help to maintain an effective governance. Elections that are competitive and with a high voter participation will prevent a monopoly in power, as the board is diverse in its expertise, experience and interests to meet the requirements of the company.
The Bylaws for your organization provide guidelines and legal guidelines for how the board conducts votes. They typically specify how many votes are needed for a person to be elected, what positions require a vote, as well as the manner in which terms of office can be removed, added or replaced.
In most member-based organizations, the board is regularly voted on issues like dues, membership tiers, and other perks. But, the view primary task of your board is to ensure that your business can function efficiently and in a responsible manner.
A successful board election process will include nominations and voting, a nominating committee, and training for new members to help them get up to speed. This is a great way to build trust and establish a relationship with your members while demonstrating your ability to govern.
The nominating committee should be careful in reviewing the list of members and make sure that each candidate meets the qualifications to be able to serve in the office. The board must hold a new election if an elected person later discovers they’re not able to serve. You can avoid this by asking any member who is aware that they are not able to serve to request to be removed from nomination during the meeting to nominate them.