Executive Committee
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Executive Committee Do any clubs have/or have had an Executive Committee that acts for the club between meetings? If so, how did it work? Experience? Good / Not Good? Please explain. Our Executive Committee consists of current officers. We have amended our bylaws to allow actions between meetings if a quorum of current members concurs. We purposely didn't define which types of actions would support telephone/email actions. We have used it three times (in 10 years) - to cancel a buy order when a member died and we had a large payout due his estate; and twice to sell a stock when a major SEC investigation was announced. On Mon, Jun 29, 2015 at 10:05 AM, Candice N. McKnight-Bell via bivio.com <user*24530200001@bivio.com> wrote: Do any clubs have/or have had an Executive Committee that
Our club does have something similar to an Executive Committee. We call it the Operating Committee. In addition to our regular monthly meeting, we have an Operating Committee meeting once a month. All officers are required members of the committee but any other club members are welcome to attend. The purpose of the Operating Committee is twofold - 1) pre-screen stock candidates for presentation at the regular club meeting - to make sure adequate research has been completed. All stock candidates to be discussed at the regular meeting must be pre-screened. 2) working meeting to discuss and formulate changes to our Partnership Agreement or By-Laws when necessary. This ensures that any changes are well formulated before presentation to the club membership. Pre-screening is the primary activity of the committee. If actual club decisions need to be made between regular club meetings rare), we usually use e-mail discusson to arrive at a decision. The Operating Committee works well for us and enables our regular meetings to be streamlined and effective. Our club currently has 15 members Len Delmolino Treasurer, Oak Point Investment Club Middleboro, MA |
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