·        Preside over and lead all General Meetings.

·        Serve on Equity Portfolio Management Committee as part of Executive Board.

·        Administer committee creation and committee member appointment as necessary.

·        Manage budgets for GFIC events.

·        Serve ex-officio member of all committees.

·        Have ultimate veto power on all matters.

·        Act as liaison to other clubs and graduate programs.

·        Serve on Equity Portfolio Management Committee as part of Executive Board.

·        Act as recorder and publisher of meeting minutes.

·        Lead projects internal to the club.

·        Maintain active membership roster.

·        Update and maintain club website.

·        Perform other duties at the request of the President.

·        Contact alumni in club-related fields to inquire about guest speakers, company tours, and job/internship opportunities.

·        Serve on Equity Portfolio Management Committee as part of Executive Board.

·        Lead projects external to the club.

·        Maintain At Large membership roster.

·        Perform other duties at the request of the President.

B. Elections

Elections will be held in mid-November for a term starting January 1^st and running through December 31^st. 

Candidates may be self-nominated or may be nominated by a Regular Member.

Candidates will submit a Statement of Intent describing their interest in the position and how they feel the club will benefit from their election.  These Statements will be posted on club website. 

All statements or publications made by candidates shall concern themselves with that candidate’s qualifications and positions on the issues. No attacks on nor criticisms of other candidates may be made.

Candidates are required to sign a statement stating that they understand the campaign guidelines.  All infractions will be reported to the President. A first infraction will result in a demand to “cease and desist” from the President. A second or continued infraction will result in disqualification. Serious infractions involving dishonesty will be referred to University authorities.

Elections will be managed electronically through an e-mail invitation to Active Members and current At Large members.

C. Eligibility

Any Active Member of the GFIC shall be eligible for election provided that he/she:

·        Is a member in good standing of the GFIC prior to the election.

·        Has signed statement acknowledging their understanding of the rights and responsibility of the position.

D. Vacancies of the Offices

If any office shall become vacant except for the presidency, the president(s) shall, at the earliest possible date thereafter, order a special election for the purposes of filling such office. The member thus elected shall immediately enter his/her duties and shall hold office until the next regular election. If the president were to leave the vice president would assume the role of acting president.

E.  Grounds for Removal

Grounds for removal of GFIC officers include:

·        Failure to fulfill responsibilities

·        Conviction of state or federal crimes; limited to serious misdemeanor, felony, or crimes of moral turpitude

·        If under indictment, the individual will be suspended if 60% vote in favor of it after internal hearing is held.

·        Breaking school policies (ie. Academic dishonesty)

·        Egregious acts or behavior that is counter to the mission & goals of the club

A Removal Review Hearing will be held at the next regularly scheduled club meeting for the member in question to rebut the charges.  60% of members present at the meeting must vote in favor of removal for it to be approved.

If the President is removed, the Vice President – Internal will succeed the position. If the Vice President – Internal is unable to serve as President, then the Vice President – External will assume the role.  If neither Vice President is able to serve, nominations will be solicited immediately after the hearing and an election will be held at the following regular club meeting.

If another officer is removed, the position will be opened to the club membership.  The opening must be advertised for at least two weeks and a committee of the remaining club officers and three club members will interview and select from among the candidates.

F. Voting Powers of Officers

Officers retain voting rights.

G. Creation/Modification/Elimination of Officer Positions

Changes to the Officer positions will follow standard Article IX - Amendment process.

ARTICLE IV.

MEETINGS

A. Time and Place

General Meetings will be held bi-monthly during the regular semester on the University of San Francisco campus.  Meetings may be called outside the regular semester at the discretion of the President.

B. Types of Meetings

In addition to General Meetings, separate meetings may be held at the discretion of the Club Officers or designated Committee Coordinators.  These meetings include but are no limited to:

·        Equity Portfolio Management Committee

·        Officer Planning Sessions

·        Other meetings as deemed necessary by the Club Officers or the Committee Coordinators.

ARTICLE V.

FINANCES

All USF MBA Clubs may request funds from the Graduate Business Association to support club activities.

Any Officer or Committee Coordinator may submit a budget request to the President for approval.  The President will forward requests to GBA Vice President of Finance in a timely fashion.

Budget requests from the President must be reviewed and approved by at least one Vice President prior to submission to GBA Vice President of Finance.

ARTICLE VI.

COMMITTEES

The GFIC may establish committees at the discretion of its officers. Committee    membership will be limited to Regular Members of the organization.  

Committees will be led by a Coordinator, who may be appointed by the Club Officers or selected by the committee members, at the discretion of the officers. 

Committee coordinators may present budget proposals for committee activities to the President to requisition funds from the Graduate Business Association (GBA). funds for committee activities.

Ad hoc committees may be formed as needed, with the consent of the Club Officers.

ARTICLE VII.

FACULTY ADVISOR

The club’s Faculty Advisor acts in an advisory and support capacity to the club and has no voting rights.

The Faculty Advisor may be replaced by a vote of seventy-five percent (75%) of the Regular Members.

ARTICLE VIII.

EQUITY PORTFOLIO MANAGEMENT COMMITTEE

A. Purpose

The Equity Portfolio Management Committee will actively manage the club’s portfolio.

B.  Membership

Membership on the committee is open to all Regular Members who can regularly participate in the Equity Portfolio Management Committee meetings.

An Executive Board will act to develop consensus on investment strategy, work to resolve any disputes, and reserves veto authority over investment decisions that are detrimental to the club’s holdings.  The Executive Board is comprised of the President, Vice President – Internal, Vice President – External and the Committee Coordinator.

C.  Investment Strategy

The Equity Portfolio Management Committee will manage the portfolio based on logical and rationale assessment of Investment Proposals from its members. 

Investment decisions involving less than five percent (5%) of total holdings may be approved by simple majority.  Larger decisions require seventy-five percent (75%) approval by members of the Committee.

D.  Investment Proposals

Any regular member may present an Executive Summary of no more than one-page describing a recommended investment to the Committee.

Committee Coordinator will ensure that proposal is distributed to all Committee members.  The proposal will be evaluated, feedback offered, revisions made if necessary and, finally, voted on.

Proposals may be resubmitted as additional information is gathered or analysis is performed.

ARTICLE IX.

AMENDMENT

Amendment or alteration to these bylaws must follow this process:

·        Any Regular Member may present a request to modify/delete/add to these bylaws in writing to any Officer.

·        Officers will publish proposed changes on club website for a period of at least two weeks.

·        A vote will be held at the next general meeting that is at least two weeks after the proposal is posted.

·        A seventy-five percent (75%) vote of the members in attendance at that meeting is required to approve change.