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Three days after the yearly board elections one of our newly elected board member cedes his position, does the runner-up step in?
Check the bylaws; could be that the board itself appoints someone to fill the slot.
Most "vacancy" rules I've seen give the Board complete discretion to choose a successor to fill an empty seat...without regard for what % of the term remains.
That said, it's almost always a good idea politically to appoint the next highest vote-getter; the closer the event is to the last election, the stronger that recommendation. Though there's sometimes risk the appointee will join a minority faction, the legitimacy of the board is always enhanced by such a move, & a strong leadership will be able to capitalize on the good faith such a decision always builds.
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Depends on the bylaws. The board probably replaces this member on their own, as per the vacancy section of the bylaws. Time of resignation isn't taken into account at all.
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