John Terry is expected to be stripped of the England captaincy due to concerns over the defender being the figurehead of the national team with his racism trial hanging over him.
Football Association chairman David Bernstein has contacted all the other members of the 14-strong board to seek their views after the announcement that Terry's court case will not take place until July 9 - after Euro 2012.
Press Association Sport understands that the majority view of the board members was that Terry should stand aside as captain and Bernstein could make a decision as early as today.
Terry has been accused of racially abusing QPR's Anton Ferdinand, a charge which he denies.
It would be the second time the Chelsea captain has been stripped of the England armband having also lost it two years ago after allegations surrounding his private life came to light.
More than one board member argued strongly that Terry should not be the England figurehead with such a serious charge hanging over him, and that the FA should act immediately rather than putting off a decision until the next board meeting on February 23.
The spectre of England being forced to make a complaint about racist abuse from the crowd when playing matches in Ukraine this summer has been raised - it would be difficult for the FA to take the moral high ground if England's captain is himself facing a criminal charge for racism.
Other board members believe the FA are in a no-win situation and that if they remove the England captaincy from Terry they will be accused of prejudging the case and ignoring the principle of innocent until proven guilty.
Terry's barrister on Wednesday entered a formal not guilty plea at Westminster Magistrates' Court.
England manager Fabio Capello is another factor and the Italian has previously insisted he should be the one making the decisions over the captain.
Some significant voices have been raised calling for Terry to stand aside.
Damian Collins, a Tory MP who sits on the culture, media and sport committee and who has made a name for himself as a campaigner for FIFA reform, said: "He is in a public position as England captain.
"Anyone else in a public position faced with such a criminal charge would stand aside from their position and then if cleared be able to return to that position.
"This has gone beyond being an allegation. He has been charged and has to appear in court and I don't think under those circumstances he can fulfil his duties.
"It is also what it means for communities across the country if people just close their eyes to the situation until after the court case."
Piara Powar, the executive director of European anti-discrimination body Football Against Racism in Europe (FARE), also believes the captaincy has to be removed.
Piara said on Twitter: "Innocent until proven guilty. But should John Terry remain as England capt through the Euros? I can't see how he can."
The possible presence of Rio Ferdinand, Anton's brother, in the England squad could also be a factor - something referred to by Reading striker and BBC radio pundit Jason Roberts who said: "Believe me...the dressing room at the Euros will be TOXIC unless the correct decision is made."