diff --git a/GOVERNANCE.md b/GOVERNANCE.md
index ecb82fb..a5bc53e 100644
--- a/GOVERNANCE.md
+++ b/GOVERNANCE.md
@@ -1,18 +1,54 @@
-### Modules Team
+# Modules Team
 
 For the current list of Team members, see the project
-[README.md](./README.md#members).
+[README.md](./README.md).
 
-### Collaborators
+## Members
 
 The [nodejs/modules](https://github.com/nodejs/modules) GitHub
-repository is maintained by the Team and additional Collaborators who are added
-by the Team on an ongoing basis.
+repository is maintained by the Team and additional Members who are
+added on an ongoing basis.
 
-Individuals making significant and valuable contributions are made
-Collaborators and given commit-access to the project.
+There are two types of Members:
 
-### Team Meetings
+### Active Members
+
+* Invited to all meetings
+* Can participate in [consensus seeking process](#consensus-seeking-process)
+* Counted towards quorum in [Team Meetings](#team-meetings)
+* Participates in voting
+
+### Observers
+
+* Invited to all meetings
+* Can participate in [consensus seeking process](#consensus-seeking-process)
+* Not counted towards quorum in [Team Meetings](#team-meetings)
+* Cannot participate in voting
+
+## Team Membership
+
+Team Membership is not time-limited. There is no fixed size of the Team.
+
+There is no specific set of requirements or qualifications for Team Membership beyond these rules.
+
+Changes to Team membership should be proposed with a pull-request and labelled `modules-agenda`
+to be included in the next [team meeting](#team-meetings). Decisions are made via the
+[Consensus Seeking Process](#consensus-seeking-process).
+
+If a Team member is unable to attend a meeting where a planned membership decision is being made,
+then their consent is assumed.
+
+New Members to the team are initially accepted as Observers.
+
+Observers can request to be made Active Members following the above process.
+
+Active Members requesting to be made Observers following the above process are automatically approved
+by the Team and do not require consensus.
+
+Any Member requesting to be removed from the group following the above process are automatically approved
+by the Team and do not require consensus.
+
+## Team Meetings
 
 The Team meets bi-weekly on Zoom.us. A designated moderator
 approved by the Team runs the meeting. Each meeting should be
@@ -39,10 +75,13 @@ cannot veto or remove items.
 The Team may invite persons or representatives from certain projects to
 participate in a non-voting capacity.
 
+Decisions in meetings are made via the [Consensus Seeking Process](#Consensus-Seeking-Process)
+and require a quorum of 50% of Active Members.
+
 The moderator is responsible for summarizing the discussion of each
 agenda item and sends it as a pull request after the meeting.
 
-### Consensus Seeking Process
+## Consensus Seeking Process
 
 The Team follows a
 [Consensus Seeking](http://en.wikipedia.org/wiki/Consensus-seeking_decision-making)
@@ -53,27 +92,21 @@ will ask "Does anyone object?" as a final call for dissent from the
 consensus.
 
 If an agenda item cannot reach a consensus, a Team member can call for
-either a closing vote or a vote to table the issue to the next
-meeting. The call for a vote must be seconded by a majority of the Team
-or else the discussion will continue. Simple majority wins.
+the item to be decided by a vote or to table the issue to the next
+meeting. In both cases the decision must be seconded by a majority of the Team
+or else the discussion will continue. Simple majority wins. Only Active
+Members participate in a vote.
 
-Note that some changes to Team membership require unanimous consensus.  See
-"Team Membership" above.
-
-### Merging PRs into this Repository
+## Merging PRs into this Repository
 
 This section does not apply to [the Node.js core repository](https://github.com/nodejs/node).
 It only applies to [the Modules repository](https://github.com/nodejs/modules).
 
 Pull requests must reach consensus in a meeting in order to be merged into this
-repository. Merging of pull requests must be decided during a meeting that has a
-minimal quorum of 50% of all active members. Members with observer status are
-not considered active members for the purposes of reaching quorum. A pull
-request that is is unable to reach quorum due to lack of consensus or quorum
-must not be merged into this repository. Pull requests that fail to be merged
-will be addressed on a case by case basis.
-
-#### Errata and Editorial Changes
+repository. A pull request that is unable to reach consensus cannot be merged
+into this repository.
+
+### Errata and Editorial Changes
 
 A special exception is made for pull requests seeking to fix errata or perform
 editorial changes to this repository. Errata or editorial pull requests may be