diff --git a/GOVERNANCE.md b/GOVERNANCE.md
index 8876f61912..9f35ce5122 100644
--- a/GOVERNANCE.md
+++ b/GOVERNANCE.md
@@ -11,11 +11,19 @@ This group is responsible for all technical oversight of StackStorm as Open Sour
 
 ### Maintainer Roles
 The current list of maintainers is published and updated in [OWNERS.md](OWNERS.md).
-StackStorm uses a three-tiered system of Maintainer roles:
-* [Leaders](OWNERS.md#leaders-)
-  * Head of Technical Steering Committee (TSC).
-  * Responsible for Project Strategy, External Relations, Organizational aspects, coordinating Events, Partnerships.
+StackStorm uses tiered system for the project Maintainer roles:
+* [TSC Chairperson](OWNERS.md#tsc-chairperson-)
+  * Project spokesperson, represents the StackStorm org.
+  * Responsible for the Meeting Scheduling, Agenda, Minutes. TSC Moderator for the Votes and Discussions.
+  * Ensures TSC functions properly, appropriate policies and procedures are in place and followed.
+  * Regularly reviewing the Committee's performance via LF Analytics (https://insights.lfx.linuxfoundation.org/projects/stackstorm), recognizing and proposing new members based on the meritocracy and TSC Maintainers feedback.
+  * The chair is designated from TSC members every _6 months_ (see [TSC Chair Election](GOVERNANCE.md#TSC-Chair-Election)).
   * Receive **three votes** in the [conflict resolution and voting process](#conflict-resolution-and-voting) described below.
+* [Project Mentor](OWNERS.md#project-mentor-)
+  * Provides coaching, advisory and guidance to ensure that project members are successful in fulfilling their responsibilities.
+  * Overseeing the neutral project direction and best practices, involved in the partnerships and external relations.
+  * Supervising and coordinating the TSC Chairperson election process.
+  * Receive **two votes** in the voting process.
 * [Senior Maintainers](OWNERS.md#senior-maintainers-)
   * Have the most in-depth experience with the StackStorm project and are expected to have the knowledge and insight to lead the project's future, growth, standards and improvement.
   * Oversee the process for adding new maintainers and provide guidance, help and sharing their experience with the standard maintainers.
@@ -109,3 +117,20 @@ The process of voting on other Issues, Proposals and Changes is performed by cre
 
 Additions and removals of maintainers require a *2/3 majority*, while other decisions and changes
 require only a simple majority. The voting period is one week.
+
+## TSC Chair Election
+Every _6 months_ TSC is _required_ to elect the TSC Chair from its active project maintainers to provide overall leadership and direction for the StackStorm Technical Steering Committee.
+The process is supervised and coordinated by the neutral Project Mentor.
+
+Election procedure:
+  * Consist of 3 stages, each taking 1 week: _Election Announcement_, _Self-Nomination_ and _Voting_.
+  * 2 weeks prior to Vote StackStorm notifies its community about the TSC Chair election describing the procedure, schedule and deadlines.
+  * Any TSC member can self-nominate to the Chair role by opening an [StackStorm/discussions](https://github.com/StackStorm/discussions/issues) Issue with the "Short Biography" and "Statement of Intent" on why they would be a good person to hold this position.
+  * After self-nomination period, TSC members have 1 week to Vote. [TODO: HOW EXACTLY? WHAT'S THE MECHANISM?]
+  * The term for TSC Chair is 6 months, with no limit on the number of terms.
+
+Election Dates:
+  * 2021:
+    * TSC Chair Election Announcement: `22 Feb 2021` (1 week prior to Self-nomination)
+    * Self-Nomination: `01 Mar 2021` - `08 Mar 2021` (1 week prior to Voting) - Closes Midnight UTC
+    * Voting: `08 Mar 2020` - `15 Mar 2020` (1 week) - Closes Midnight UTC
diff --git a/OWNERS.md b/OWNERS.md
index 2a89eb43fb..0545896244 100644
--- a/OWNERS.md
+++ b/OWNERS.md
@@ -6,12 +6,16 @@ This page lists active project maintainers and their areas of expertise. This ca
 * See [CODE_OF_CONDUCT.md](CODE_OF_CONDUCT.md) about maintainers standards in front of community.
 * See [CONTRIBUTING.rst](CONTRIBUTING.rst) for general contributing guidelines.
 
-# Leaders ***
+# TSC Chairperson ***
 ###### 3 vote points
-[@StackStorm/leaders](https://github.com/orgs/StackStorm/teams/leaders) is head of Technical Steering Committee (TSC).
-Responsible for Project Strategy, External Relations, Organizational aspects, Partnerships and Future.
-* Dmitri Zimine ([@dzimine](https://github.com/dzimine/)) <<dzimine@stackstorm.com>>
-  - StackStorm co-founder. External Relations, Leadership.
+StackStorm Technical Steering Committee representative, spokesperson and moderator.
+* TBD via [TSC Elections](GOVERNANCE.md#TSC-Chair-Election)
+
+# Project Mentor **
+###### 2 vote points
+Project Mentor is a unique TSC member providing coaching and guidance to ensure that members are successful in fulfilling their responsibilities and project operates within best practices.
+* Dmitri Zimine ([@dzimine](https://github.com/dzimine/)) <<dzimine@stackstorm.com>>, _Scalyr_
+  - StackStorm co-founder.
 
 # Senior Maintainers **
 ###### 2 vote points