Business Councils, representative of the various segments of membership, were first established in 1996 with goals that have changed as both the equipment leasing and finance business and the economic environment have changed. The Councils are intended
to establish a clean line of communications and decision-making among the ELFA governance, the members, and the professional staff.
Each Business Council is headed by a Steering Committee elected by the members of each Business Council to manage and direct the work of the Business Council. Steering Committee analyzes the needs of companies in this segment and recommends to the Board
how to meet those needs.
Business Council Steering Committee members are elected by the Business Council membership for a term of two years on a staggered basis. Members may serve no more than two consecutive terms. Each Business Council Steering Committee elects a chair for
a one-year term, which is renewable. The chair may be selected only after serving at least one year on the Steering Committee.
The five Business Councils help describe the market focus of each ELFA member company. All ELFA members self-select one or more of these Business Councils as their company designation: