An information handling system and method of a master baseboard management controller election and replacement sub-system (MBMCERS) enables decentralized resource management control via the elected master baseboard management controller (BMC). The information handling system includes a plurality of server nodes, each having a BMC capable of controlling a plurality of shared common resources among the plurality of server nodes. Each BMC has a unique BMC identification. A master register stores BMC identification that has been elected as the master BMC to control the shared common resources. The master BMC relinquishes control of the shared common resources when the master register is placed in the reset state. When the master register is in the reset state, any one of the BMCs can elect to become a replacement master BMC.