The board elections are an essential aspect of advancing your company economically and socially, as well as maintaining strong governance. High voter turnout and competition in elections can ensure that power is not monopolized by making sure that the board is comprised with a range of interests, skills and experiences to best serve the demands of the business.
The bylaws of your organization provide basic guidelines and legal requirements for how you conduct board voting. They usually specify the number of votes needed to elect a candidate and what positions require a vote, as well as how the terms of office may be removed, added or replaced.
In most member-based organisations, the board of directors regularly votes on matters such as membership tiers or dues. The primary role of the board is to make sure that your organization runs efficiently and with integrity.
A proper board election procedure will include nominations and voting, a nominating committee, and training for new members to get them up to speed. The process is a fantastic method to build trust and establish a relationship with your members, while showing your governance skills.
It is essential for the nominating committee to be attentive to the membership list and ensure that each nominee fulfills the requirements for the position. If a candidate is elected and later discovers they aren’t able to serve the board will need to hold another election. It is possible to avoid this by asking any member who is aware that they can’t serve to ask to be removed from nomination during the meeting to nominate them.