What type of terms do the board members serve?

Board members serve staggered terms to ensure continuity and stability within the organization. This means that not all members are up for reappointment or replacement at the same time, which helps maintain ongoing governance and allows for an overlap of experienced members with new appointees. With staggered terms, some members may finish their terms while others continue to serve, allowing for a smoother transition of leadership and knowledge transfer.

In contrast, concurrent terms would have all members serving or expiring at the same time, which could lead to a complete turnover and loss of institutional knowledge. Fixed terms imply set durations for all members without any variation, which doesn't reflect the staggered approach. Variable terms would depend on specific needs rather than a scheduled rotation, which could lead to inconsistencies in governance. Thus, the structure of staggered terms is designed to balance change with continuity in board membership.