OFN 2016 Board Elections

  • Lead the opportunity finance industry.

  • Vote in OFN's Board Elections.

 

Overview

Congratulations to Lori Chatman, Dave Glaser, and Inez Long who were elected to serve another three-year term on OFN's Board of Directors. Lori Chatman will resume her role as Chair of the OFN Board. Jim King will serve as Vice Chair, and Dave Glaser as Treasurer.

The OFN Board is now in the process of assigning Committees for 2016-2017. Email Emily Tunney by December 9, 2016 to volunteer for or recommend someone to serve on a Committee.

Check out the Committees tab for more information.

OFN BOARD COMMITTEES

In accordance with OFN’s bylaws, the OFN Board of Directors conducts some of its work through Committees. Each year after the Board Elections, the Board determines the structure and description of the Committees that will best serve OFN’s mission to lead the CDFI Industry to ensure that low-income, low-wealth, and other disenfranchised people and communities have access to responsible financial products and services.

In 2016-2017, OFN’s Board Committees are:

  • Executive Committe
  •  Equity Committee
  • Finance & Audit Committee
  • Governance & Nominating Committee
  • Product Committee Publi
  •  Policy Committee

Four (4) out of six (6) of OFN’s Board Committees include seats for OFN Members who are not sitting Board Members because:

  • We want diverse input reflecting Member perspectives,
  • Member priorities help shape Board decisions and Committee participation is a direct way for Members to provide guidance, and
  • Committee service is a way for prospective Board candidates to learn more about the OFN Board roles and responsibilities.

The OFN Board invites you to recommend someone representing a Member CDFI—yes, feel free to recommend yourself!—to serve on a Board Committee. The OFN Board Chair will make appointments based on OFN's strategic interests, geographic and demographic diversity, candidate qualifications, and other factors from what we expect will be a strong roster of candidates.

E-mail your recommendations to Emily Tunney by Friday, December 9, 2016, providing:

  • The person's (or your!) name & contact information,
  • The Committee for which you are recommending this person,
  • The reason you are recommending this person in a short paragraph or less, and
  • Your name, CDFI, and contact information.

ELIGIBILITY

To be eligible for an OFN Board Committee, a person must be either a staff member or a Board member of an OFN Member CDFI in good standing.

BOARD COMMITTEE STRUCTURE

The OFN Board Committee Structure includes six (6) Committees. Every Committee consists of 3–6 Board Members—depending on the Committee—and four (4) have seats for non-Board Members.

The Committees for which we are inviting recommendations are:

  • Equity Committee
  • Finance & Audit Committee
  • Governance & Nominating Committee
  • Public Policy Committee

Please review the Committee structure and descriptions , and use as a reference while considering your recommendation(s).

WORKLOAD

Prospective Committee Members should assume a workload of 1.5 hours per month. Some Committees may require more, some may require less. In almost all instances, Committees meet by teleconference calls. The OFN Board expects Committee Members to participate in all Committee meetings except for extraordinary events.

Board Candidate Criteria

Prospective Board candidates must be on the staff or Board of an OFN Member organization and receive nominations from at least two different OFN Members to qualify as a candidate.

OFN expects Board Members to attend all Board meetings. The Board meets in person four times a year—usually once in Philadelphia; once in Washington, DC; once at a Member's site; and once—briefly—at the Annual Conference. The Board also meets by teleconference for time-sensitive decisions. And Board members participate on at least one—and often two—committees. Each committee meets regularly on a schedule it sets.

OFN seeks a Board with ethnic, racial, and gender diversity that reflects our Members' range of financing types and geographic reach.

See our full Candidate Profile for more information about what the OFN Board seeks in Board members.

OFN's bylaws require that the Board of Directors consists of at least 9 and no more than 16 Directors. The OFN Membership must elect at least two-thirds of the Directors. The Board may appoint up to one-third of the Directors. Currently, OFN has 13 Directors on its Board—11 elected, 2 appointed. Directors’ terms are limited to 2 consecutive 3-year terms, exclusive of partial terms.

The OFN Board appoints a Governance & Nominating Committee to oversee the election process. The Governance Committee is charged with recommending Board size and composition, prospective Board member criteria, and identifying, recruiting, and recommending a slate of candidates each fall at the Annual Membership Meeting (also known as OFN Connect).

In accordance with OFN's bylaws, each Member CDFI must identify a Voting Delegate to attend the Annual Membership Meeting and complete the ballot on behalf of her or his organization. A voting quorum comprises one-third of the Members.

In 2016, for the first time in its history, the OFN Board of Directors approved the use of proxy voting at the Annual Membership Meeting. The Board appointed Seth Julyan, Senior Vice President of Membership to act as official proxy on behalf of Members who are unable to attend the Conference.

Each Member may vote―whether in person or by proxy―for candidates up to the number of vacant seats, with a maximum of 1 vote per candidate. The candidates who receive the most votes win.

The Governance & Nominating Committee announces the results of the election shortly after the election in person at the Conference and via email and social media communication outlets.

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