No, absolutely none. Usually the first the person knows about it is when the CO and another elder corral him 10 minutes before the meeting starts and gives him the ultimatum, er, question, "is there any reason we shouldn't announce that you are now an elder?" At which point he has about 10 seconds to decide if he will allow his life to be irrevocably changed forever more thereafter. Most people, of course, are so flabbergasted that they can merely mutter, an "er, um, no I guess not" and ka-blam! you are an elder.
Wow is that really how it happens? I had no idea. That's so dumb. But when I think about it's pretty typical of this organisation.