Learn All About Term Limits and Why They MatterWe’ve published a new eBook entitled Why Term Limits Matter. In this free resource, we explore the value and trade-offs of term limits and consider the impact they have on governance. You’ll also learn:
- How and where term Limits are defined
- 5 key benefits of term limits
- The short-term and long-term impact of term limits
- Helpful supplementary content on your board’s bylaws and directors’ skillsets
Excerpt from the eBookThe following is an excerpt from Why Term Limits Matter:
Imagine this scenario.
- You are recruited to head up a nonprofit organization as its new CEO.
- After your first few board meetings, you notice that only a third of the board members actively participate. You begin to consider replacing these board members.
- When you raise the issue with the board chair, she empathizes but says there’s nothing you or she can do. “We don’t have term limits. We’ve always brought in new board members when someone steps down on their own.”
5 Key Benefits of Term LimitsThere are five key benefits term limits provide.
- Making it easier to bring in new ideas and new perspectives to a board and its decision-making process
- Providing a systematic planning timeline and process for replacing needed board skills
- Giving a board member a chance to step down gracefully if they are burned out, have family commitments, or are ready to move on
- Provide a respectful and efficient mechanism for the exit of passive, ineffective, or troublesome board members
- Avoiding the perpetual concentration of power within a small group of people and the intimidation of new members by this dominant group
- Potentially losing institutional memory and expertise that has benefited the board over time
- Needing to dedicate additional time to re-building the cohesiveness of the board as new members join and old members rotate off
- Needing additional resources to help identify, recruit, and orient new board members