In accordance with the Bylaws of the American Academy of Actuaries, the president appoints committees authorized by the Board of Directors (Board). To aid the president in making such appointments, the Board adopts the following rules, with this preamble, on 10/07/2008.
These rules reflect the Board’s intention to involve as many members as possible in committee activities without sacrificing continuity, and to continually promote the introduction of new members to the volunteer experience. These rules have been drafted to be lenient enough to allow for a balancing of experience and inexperience. The Board recognizes that there may be specific, rare instances where exceptions may need to occur, so there is provision for approval of such exceptions by the Executive Committee. Committees for which specific appointment rules are established by the Board (such as the Nominating Committee, Actuarial Standards Board, or ABCD) or committees designated by the President’s Advisory Committee (PAC) are exempt from these rules. Appointments to joint committees and liaison appointments are subject to the rules applicable to standing committees, except for appointments to the Board.
A. All members of the Academy are eligible to serve on committees.
B. An officer of the Academy should not serve on any committee except in an ex officio capacity.
C. A person should be chairperson of a standing committee for no more than three years, and should retire from the committee after serving as chairperson.
D. The committee composition should result in an average tenure of no more than 3 years, subject to transition rules described below.
E. Starting in 2010 – 2011, no committee member except for the Chair, may serve longer than 6 years. For this purpose, such term will be deemed to restart at zero following a 2 year continual period being off the committee.
F. In general, a person should not serve concurrently on more than two standing committees, other than a practice council or in an ex officio position.
G. In general, a person appointed to a task force or a special committee is expected to serve until the task force or special committee is discharged. Because the enforcement of these new rules would be a significant cultural shift, and might hamper some committees’ ability to perform their duties, the Board recognizes the need to make this transition over a few years. For that reason, it adopts these
H. Transition Rules:
a. Each committee’s average tenure at the beginning of Academy year 2007-8 will be a baseline.
b. Each committee will achieve the target average tenure of 3 years by Academy year 2010-11. The required target for years 2008-9 and 2009-10 will be linearly interpolated 1/3 and 2/3 of the way 2 from the baseline to the 2010-11 target. For example, an average tenure of 6.00 years in 2007-8 will result in targets of 5.00, 4.00, and 3.00 in subsequent years. Maximum tenure for any committee member for 2008-9 and 2009-10 will be 10 and 8 years, respectively.
I. Exception Policy:
a. The Vice Presidents will identify proposed exceptions to this policy and must present justification therefore to the Executive Committee for approval.
b. Other U.S.-based actuarial organizations may request that their liaisons on Academy Committees who reach their tenure limit be exempted from Committee tenure requirements. An exempt liaison will not count toward a committee’s average tenure.
J. Staff fellows are exempt from this policy.
