"This manner of recognizing those who were holy among us continues today within the Orthodox Church, except now the recognition of the glorification of a person has been formalized within the services of the Church, an act often referred to as canonization.
Today, as more clergy and faithful recognize and honor that one amongst them had led a virtuous life of obvious holiness this veneration becomes widely recognized, and the manner of recognition is formalized. This leads to requests, usually through the diocesan bishop, for the Church to recognize that person as a saint. Then, usually an investigative committee is formed to review the life of the person who is being considered for glorification. When the committee is assured that the person has led a virtuous and God centered life, a process that may take an extended period of time, a report is submitted to the Holy Synod of the local Church stating the reasons why the person should or should not be recognized as a saint.
After receiving and considering the report, the Holy Synod decides whether or not to number that person among the saints. If the bishops agree they then have icons painted and liturgical services composed for the glorification of the new saint. If the bishops do not agree, the life of the person may again be considered at a future time after further study."
http://orthodoxwiki.org/Glorification