Governance Task Force background information

Dear Academy Colleague,
This letter solicits your input on important governance issues of the American Academy of Actuaries.

To read the entire message from Bill Bluhm, please click here [2].

Dear Academy Colleague,
On more inward-looking issues, Bill Bluhm, chair of the newly reconstituted Governance Task Force, has completed staffing the committee. This group will undertake an extensive review of the Academy's governance, including the composition and size of our board of directors, the leadership structure and how those directors and leaders are selected. We had 87 members comment and/or volunteer to serve on this Task Force, and I thank you for your interest. I warn you that this will be a lengthy process requiring significant research, outside input, and potentially, bylaws changes; however, progress will be measured and communicated. The task force will soon have a webpage on the Academy site to keep members posted on its progress.

To read the entire message from Ken Hohman, please click on the following link: http://actuary.org/email/2010/hohman_feb.html [3]

… In his speech, Hohman promised that the Academy will take a hard look at the issues affecting the U.S. actuarial profession and make difficult decisions when necessary. However, the first step to doing so, according to Hohman, is to take a step back and to re-examine from the inside out the way Academy decisions are made.

At the suggestion of then-President John Parks, the Academy’s Governance Task Force began the comprehensive process of reviewing the Academy’s governance processes in 2009. That initiative, headed by Parks’ predecessor Bill Bluhm, will continue to be a main priority for Hohman.

To read the entire article from Actuarial Update, please click on the following link:
http://actuary.org/update/pdf/0110.pdf [4]