Results of Voting on Proposed Bylaw Changes

Date: 
November 12, 2018
WASHINGTON—The American Academy of Actuaries thanks all of our members who recently voted on two proposed changes to the Academy Bylaws. We appreciate your ongoing interest in the governance of the Academy. 6,461, or 32.99 percent of, eligible voters cast a ballot on one or both of the proposed bylaw amendments. Our election vendor, Intelliscan, has now provided us the official results of the online and mailed votes cast by eligible members.

On the Academy’s ballot, Proposal 1, a bylaw change recommended by the Academy Board of Directors, won a majority of 51.08 percent of votes cast by eligible members on the proposal, but did not attain the two-thirds supermajority of those voting required to be incorporated into our bylaws.

Proposal 2, a bylaw amendment proposal initiated by petition, was decisively voted down with 57.99 percent of eligible members who voted on the proposal voting against it.

As a result of these two votes, the Academy Bylaws remain unchanged.

Academy Bylaws Amendment Proposals Presented on Ballot of Oct. 29, 2018
Table of Voting Results



Bylaws Amendment Proposal
 

Total Number of Votes Cast
 

Number of Votes in Favor
 

% of Votes in Favor
 

Number of Votes Against
 

% of Votes Against
 

Result*
(*Supermajority of 2/3 of Votes Required for Adoption)
 

Proposal 1

6,296
 

3,216
 

51.08
 

3,080
 

48.92
 

Not Adopted
 

Proposal 2
 

6,430
 

2,701
 

42.01
 

3,729
 

57.99
 

Not Adopted
 

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The American Academy of Actuaries is a 19,500+ member professional association whose mission is to serve the public and the U.S. actuarial profession. For more than 50 years, the Academy has assisted public policymakers on all levels by providing leadership, objective expertise, and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries in the United States.