There are all sorts of characteristics one wants in a Bishop. Ideally he’d be kind, honest, obedient, a good people person, in-tune spiritually, good at administration and delegation, care deeply about the youth, doctrinally aware, and so on. But all of these pale in comparison to what I consider to be by far the leading qualification for Bishop.
It isn’t me. Pretty much anything else is gravy. To do the job well takes an incredible dedication and effort. To do it badly would make one miserable. So I’m deeply grateful to anybody who is willing to take that burden on for whatever ward I’m in.
FYI, President Hinckley gave a great talk on Bishops a while back.