The Executive Committee shall serve as the Nominating Committee, unless it chooses to appoint a separate Nominating Committee.
Each year, the Nominating Committee shall solicit recommendations for new members from current and life members, faculty, and staff. The Nominating Committee will provide advice to the Dean as to which members should be reappointed, which members should be accorded life memberships, and who should be invited to join the Council. Within the University, the members of the Advisory Council shall be nominated by the Dean of the McCombs School of Business. Nominations of the Dean will be forwarded to the President via the Development Board for appointment and to The University of Texas System for final confirmation by the Board of Regents.
In evaluating potential nominees, nominators should consider individuals who embody the values espoused by the school and the university. The Council and Executive Committee place a high value on diversity in all its forms, including ethnicity, gender, geography, and industry. The Council bylaws direct the Executive Committee to evaluate applications and provide the Dean with a slate of candidates who are accomplished and represent a global spectrum of business practice. Nominations remain active for three years. Council membership is not limited to graduates of the university nor residents of the State of Texas.
Life memberships may be accorded, by election of the Nominating Committee, to those members who have served the McCombs School of Business Advisory Council faithfully and with distinction for three years or longer. Members who have served a total of twelve years (the maximum) will be accorded life memberships. Members who have served as Chair of the Council will be appointed life members upon completion of their terms in office. Life members will not be listed formally as members of the Council in official University records (to make room within the size limit of the Council for new members). However, in the absence of acts discreditable to the Council or contrary to its mission life members will continue to serve indefinitely, without reelection, and may, at their discretion, participate in all Council activities except formal voting. The minimum attendance requirements for current members will be waived for life members, although they are encouraged to participate in Council affairs and meetings.