Rules Amendments to Add Audit Committee and Financial Advisement Committee – 2018

Amendments approved by membership votes certified 14 December 2018.

Message from the President

Dear Members of The Society of Rheology,

At the October Society of Rheology Annual Meeting, the Executive Committee unanimously recommended the attached amendments to the Society’s Rules go to ballot. These amendments were presented at the business meeting for discussion. Please note that we currently operate both audit and financial advisement committees as ad hoc committees. These should become formal committees of the Society to be in compliance with modern rules governing non-for-profit scientific societies.

Changes to the Rules requires a majority vote of the members returning a secret and secure ballot.

Please vote at https://www.rheology.org/sorvote2/ by 13 December 2018!

Sincerely,

Norman Wagner
President of The Society of Rheology
on behalf of the Executive Committee of the Society

Ballot for Rules Amendments

To be added to the Rules:

ARTICLE VI – Audit Committee

There shall be an Audit Committee that will provide independent oversight of financial reporting and disclosure of the Society. The committee will provide an annual report to the Executive Committee.

The committee will be constituted of three members (of the Society and in good standing) with staggered three year terms to be appointed by the President. The Society’s Treasurer is a non-voting ex officio member.

ARTICLE VII – Financial Advisement Committee

There shall be a Financial Advisement Committee that will provide independent advice to the Executive Committee on financial planning and investment strategy of the Society. The committee will report annually.

The committee will be constituted of three members (of the Society and in good standing) with staggered three year terms to be appointed by the President. The Society’s Treasurer is a non-voting ex officio member.

Article number of subsequent articles will be adjusted accordingly.

Per ARTICLE VIII of the Rules of SOR, the voting site will be closed after 13 December 2018.