Changes

Board Policies

229 bytes added, 03:48, 2 March 2015
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Policies are adopted by the [[Board|Board of Directors]] by motion or resolution, and thus are all included in the [[Minutes]]. What follows is a summary of those policies adopted between August July 2011 and December 2014January 2015, inclusive.
=Administration=
1308B: [[Fellowship]] Points — The point value for recruiting new members shall be 200 points. (August 2013, item XXIV)
1404B: [[Fellowship]] Requirements — The number of points required for an award of Fellowship, Fifth Class, is increased from 1000 to 1100 points; the points required for all other ranks being increased in proportion. (April 2014, item XV) ''Note: Each ranks point requirement is twice that of the next lower rank.'' 1501: [[Fellowship]] The former Policy that an exception be made to the point system on each occasion when a year has passed without a senior promotion (above FAS/1) to reward the member most deserving is repealed. (January 2015, item XXVI)
1301: Financial Reserves — That 75% of annual budgeted expenses be set as the target value of the General Fund’s liquid accounts, and the balance of annual expenses be held in accounts that could be liquidated within a week. The latter may be held within the Investment Fund. (January 2013, item XXIII)
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