As your business grows, so does your need for board members to supervise financial and governance. Often, this is done through elected leadership. Elections can help ensure that a board’s leaders do not have a monopoly on power. They also build trust among the members of the governance that is separate from management.

In general, the bylaws of your organization will define which committee is responsible for providing candidates to the board as well as seeking nominations. It is typical for this committee to be a governance committee or a committee for development of the board. Alternatively, the board may select an outside consultant to help in the process of searching for new board members.

After the nominating panel has landed on a list of potential candidates, they should share information on each candidate with the entire board before the next meeting. This could include bios or resumes along with a brief description of the experience of the nominating committee of working with the candidate during the interview process and why they believe the candidate is worthy of being chosen for the position.

The best board members are individuals who not only share a passion for your cause but also possess strong moral values and personal integrity. They should be strategic thinkers who are willing to sacrifice their time and resources to the benefit of the company. They should also be aware of the difference between governance and management and that their primary function is to oversee. Board members should not have any conflicts of interest, or difference between executive and non executive with the company’s management team or any other board members.