Final answer:
The month for electing a board's chair and vice chair varies by organization. The Federal Reserve's Board of Governors does not follow a strict monthly election cycle for these positions, as seen with Chairs serving at different periods.
Step-by-step explanation:
The specific month in which a board elects its chair and vice chair can vary based on the organization and its bylaws or rules. For example, The Federal Reserve's Board of Governors typically changes its Chair every several years rather than on a fixed monthly schedule. Historical chairs include Alan Greenspan, Ben Bernanke, Janet Yellen, and the current Chair, Jerome Powell, who was sworn in in February 2018. Electoral votes for positions such as the President and Vice-President are cast on designated dates as per laws, such as the meeting of electors in December or general elections in November, but these do not correlate directly with a board's internal elections for chair and vice chair positions.