• Mission, Vision, Values

• History

• Facts & Financials

• Executive Management

• Board of Directors

• Board Oversight and Structure

• Board Election Process

• Society Governance

• FAQs

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Board Oversight and Structure

As Thrivent Financial's supreme governing body, the board of directors oversees all matters involving Thrivent Financial for Lutherans. The board is responsible for carrying out the corporate policy, and is directly responsible for:

Main Areas of Board Oversight

• Approving a corporate mission statement.
• Selecting, evaluating, compensating, and replacing 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:
  • Ensuring that systems are established so that the Society's activities are conducted in an ethical and legal manner.
  • Ensuring its own effectiveness.
  • 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. Elective directors are elected by the benefit members of the Society.

• Appointive Directors

  The board may appoint up to four benefit members of the Society to serve as appointive directors 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 of the Society to serve as directors.

Committee Structure

Under the bylaws of the organization, the board may designate a governance committee and one or more additional committees of directors. The current committee structure is:

• Audit Committee (PDF, 54K)
• Governance Committee (PDF, 47K)
• Human Resources & Executive Compensation Committee (PDF, 41K)
• Investment Committee (PDF, 34K)
• Technology Committee (PDF, 31K)

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