Boards are usually apointed and although at the start of a company they may consist of friends and bankers associated with the owners. As the company goes public major shareholders and financiers usually request and are offered directorships on the board to maintain tabs on their money. That is one reason why it is not necessarily democratic. Directors usually leave the boards when they are no longer interested in the company. Alternately board positions are offered as bonus to key industry individuals who may be seen as capable of advancing the company through their contacts or expertise. These individuals are usually enticed by share dividends and stipends as salaries. the higher the profile the larger the share bonuses.

Management of the company usually apoint fromtheir own relm of contacts. They are purpôrted to know best what the company needs to oporate at the next level.

That is why their is never a list of candidates to chose from and rather a list of candidates to RATIFY.

ces la vie

GLTA