Board Oversight & Structure
As Thrivent Financial's supreme governing body, the board of directors oversees all matters involving Thrivent Financial for Lutherans.
Main Areas of Board Oversight
- Approving a corporate mission statement.
- Selecting, evaluating and compensating the CEO, other senior executives and appointive directors.
- Ensuring management succession.
- Reviewing and approving management's strategic and business plans, and monitoring performance against the plans.
- Reviewing and approving material transactions not in the ordinary course of business.
- Establishing policies:
- Making sure that systems are established so that Thrivent Financial's activities are conducted in an ethical and legal manner.
- Making sure the board is effective.
- Ensuring management succession.
Makeup of the Board
The board consists of 10 to 12 elective directors, up to four appointive directors and not more than two principal officer directors. No fewer than two-thirds of the directors must be elected directly by the membership.Elective Directors
Ten to 12 benefit members are elected to the board for terms of office of four years each, with three or four members being elected each year in which there is an election. The directors elected by the benefit members are called elective directors.Appointive Directors
The board may appoint up to four benefit members to serve as directors (called appointive directors to distinguish them from directors elected by the membership) for a term of office of up to one year. Any appointment or reappointment requires the affirmative vote of a majority of the elective directors.Principal Officer Directors
The board may also appoint not more than two principal officers to serve as directors.
Committee Structure
Under the bylaws of the organization, the board may form a governance committee and one or more additional committees of directors. View charters of the current committee:- Audit Committee (PDF, 45K)
- Finance Committee (PDF, 39K)
- Governance Committee (PDF, 41K)
- Human Resources Committee (PDF, 41K)
- Marketing Committee (PDF, 37K)
Committee Service
- Board Committee Service Chart (PDF, 26K)
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