ARMA InternationalARMA International Governance Current Policies and Procedures

Part 1 – GOVERNANCE

 

SECTION: Financial Administration

 

POL 1-021 Pr

Investments programs

 

Effective date: July 1, 2013

Approval date: June 20, 2013

Last revised: June 20, 2013

Cancelled date:

Reference:  Bylaw III, Bylaw IV Sec.5(C)

Cross reference: POL 1-010

 

PROCEDURES

 1.  It is the responsibility of the Board of Directors, based on recommendations provided by the Chief Executive Officer (CEO) and the Chief Financial Officer (CFO) working with the committee that oversees financial planning, to set the amount to be used for these purposes.

 

2.   To ensure that the investment policy statements are consistent with the current mission of ARMA, and that they accurately reflect the current financial condition of the Association:

(a)     the CEO and the CFO will review the investment policy statements annually with the Financial Planning Task Force,

(b)     the CEO and the Financial Planning Task Force will make recommendations for any revisions or modifications to the investment policy statements to the Board of Directors. 

 

3.    A registered investment manager will be retained to manage portions of ARMA International  funds, including individually managed accounts and mutual funds (with the exception of money market mutual funds).  From time to time, a new investment manager will be engaged.  In this case, the CEO, working with executive management will: 

(a)     recommend to the Financial Planning Task Force that an investment manager should be hired or replaced,

(b)     review the candidate(s) and make a recommendation to the Board of Directors, for a final candidate.  The Board has the final approval.

 

 

 

 

 

 


 

 

 

 

 

 

 


Questions about previous Policies & Procedures? Contact Connie Hardy, Corporate Secretary.