A member went back and did an analysis over the past 15 years or so. In that time the incumbent who already holds the position has NEVER lost an election. The barriers to entry are huge. Therefore when someone has been appointed, they serve on the board until they wish to move on.
Losing an election is not a "barrier to entry".
The GECCO
You begin your racing career with a bag full of luck and an empty bag of experience. The trick is to fill the bag of experience before you empty the bag of luck.