Questions and Answers: 2012 Candidates for Regular Director
Question (another person asked a similar question) for Candidates
My question for the candidates for Regular Director is: Godfrey Perrott has stated that he believes there should be a merger of the various U.S. actuarial associations. A quick reading of the other candidates’ material does not reflect their position on this issue. Could the other candidates please tell us their views?
I have said publicly on several occasions that the U.S. actuarial profession cannot afford the inward-looking luxury of five organizations. I am encouraged by the task force CUSP has assembled. As a profession, we have to improve our structure (ideally to one organization) or we will be much less effective than we otherwise could be. We have to move from trying to answer the question “Why is merger impossible?” to answering the question “How do we create a win-win merger and of which organizations?” I believe the time is right, and want to be a part of solving this very difficult problem.
I believe we need to achieve a more efficient structure collaboratively. We need to discuss possible mergers candidly, but the focus of that discussion must be “How do we create a win-win merger and of which organizations?”. I do not support any organization trying to achieve merger by force. It would be bad for the profession and unlikely to succeed.
As an Academy board member I would certainly support a merger if the other organizations agree. There would need to be substantial discussion of how the merger would be accomplished and what the structure of the merged organization would be but I believe it could be done. I was pleased that the CUSP established a task force to discuss this question and look forward to reviewing their recommendation.