"Corporate President"--quotation marks included can find it.
A relationship using a matching text field and Go To Related Records would be another method to use here.
OK - that almost does it.
I would have to think a lot about the 'go to related records'. This is one field that may or may not be used in a complex search where there are some 30+ fields that can be 'searched' upon. And there may be subsequent Extend/Constrain requests using those fields. I'm not sure I'm capable of envisioning how that would work - although I may have to figure that out if there isn't a solution to this:
Now say there is a 3rd record and the value of the List field for this record is simply 'Treasurer' and I want to find just that one.
Quotation marks around 'Treasurer' finds all 3 records - Treasurer, Corporate Treasurer, and Unit Treasurer.
Is that resolvable to find just the record with 'Treasurer' in the List?
I found a solution.
Create a new field with the current value of List:
substitute '¶ ¶' for '¶' in the new field. Append ¶ to the front and back of this new field.
Search this new field for the desired value appended front and back with ¶.
It returns the correct result in all the above cases.