The Legislative Board of FaithLife Financial is pleased to announce the results of its Member election conducted in the fall of 2015. All three candidates nominated by the Board of Directors were elected by Members. We would like to welcome Dr. John Colangeli (four-year term), Cliff Inskip (four-year term), and Bryce Walker (two-year term) to FaithLife Financial's Board of Directors. In addition to Board duties, Dr. Colangeli will serve on the Risk and Compliance Committee and the Human Resources and Nominations Committee, Mr. Inskip will serve on the Audit and Finance Committee and the Governance Committee while Mr. Walker will serve on the Audit and Finance Committee and the Risk and Compliance Committee.
The three Director positions became available due to the retirement from the Board of Walter Rugland (12 years), Stephen Taylor (16 years, including 14 years while serving as President & CEO) and Dale Wilcox (17 years). The retirements became effective at the end of the February 23, 2016 Board meeting. The Board of Directors and staff of FaithLife Financial would like to thank Directors Rugland, Taylor and Wilcox for their years of dedicated service and for the truly positive and enduring impact each have had on FaithLife Financial.
The Board consists of individuals who possess skill and experience prerequisites that are based on the strategic needs of FaithLife Financial and federal regulatory requirements. Preference is given to candidates who have previously served on a governance board, have a background in financial services and bring the needed skills, knowledge and experience. Individuals also need to demonstrate a commitment to a Christian fraternal organization, good communication skills, prudent judgment, self-awareness, integrity, accountability and objectivity.
The call for Members to submit Director Proposals
has typically been made each spring through Connections. To give the Board more time to complete the rigorous selection process, the call for Directors is being made in future fall issues of Connections. The deadline for receipt of submissions for 2018 Board positions is December 15, 2016. We are also encouraging Members to submit Director Proposals throughout the year.
- All candidates will undergo a rigorous selection process to ensure that they meet the Board's requirements. Based on the current and future needs of the Board, it is possible that a Member proposal for a Director may not qualify for election to the Board.
- If incumbent Board Directors are approved by the Board to fill all vacancies, they will be acclaimed and no election will be held.
- If there are additional vacancies, the Board will approve the most qualified nominees to create a slate for election by Members, which will be conducted through the fall issue of Connections. This will be a confirmation election, where Members will be asked to vote "yes" or "no" for each candidate. A simple majority of "yes" over "no" votes will elect a candidate.
Visit our Board Responsibility
page to learn more.
As well as keeping you informed, we welcome your feedback regarding the work of FaithLife Financial's Board. Please share your comments by sending an e-mail to: firstname.lastname@example.org