As your company expands and expands, so does the need for board members to oversee governance and financial management. This is usually handled by elected leaders. Elections help to ensure that board members do not hold monopoly on power. They also build trust among members in governance which is distinct from management.

In general, your business’s bylaws will identify which committees are responsible of soliciting nominations and making recommendations to candidates for election to the entire board. This committee is usually the board development or governance committee. The board could also designate an external consultant to help with the process of finding new board members.

The nominating committee should share all information about each candidate prior to the next board meeting. This can include resumes, bios and a brief description of the experience of the nominating panel with each candidate during the interview process. They should also be able to explain why they believe the person is a good candidate for the position.

The most effective board members will be individuals who are not just fervent about the mission of your organization, but also possess solid moral values and integrity. They must be strategic thinkers, who are willing to contribute their time and resources for the good of the organization. They should also understand the difference between management and governance and be aware that their primary job is one of governance. Board members should not be involved in conflicts of interest with their organization’s management or other board members.

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