Board of Directors Application Packet CFASF Background Information History With its origin dating back to March 1929, CFA Society San Francisco (CFASF) is the second oldest and seventh largest of the nearly 150 societies globally that now constitute the membership arm of the prestigious CFA Institute, issuer of the Chartered Financial Analyst Designation. CFASF is an independent California-incorporated 501c(6) non-profit association, and works in conjunction with CFA Institute. The Society’s nearly 3,400 members include investment professionals employed by Bay Area banks, insurance companies, investment counselors, brokers, public agencies, universities and corporations. Mission Statement CFA Society of San Francisco (CFASF) leads the investment profession by promoting the highest standards of ethics and professional excellence through education and fellowship. Purposes The purposes of the Society are: to advance and improve all aspects of the professional practices of financial analysis, investment management, securities analysis, and other similar professions; to promote high standards of competence and sound professional standards and ethics as embodied by the CFA designation; to promote a public awareness and understanding of the activities and functions of the profession and to sponsor programs to further the exchange of investment ideas and information. Organization CFASF is led by an elected, volunteer Board of seven to fifteen Directors and Officers. The Society’s President, Vice President, Secretary and Treasurer serve as Officers on the Board’s Executive Committee. The immediate Past President and two to ten Directors at-large, comprise the balance of the Board. Membership There are approximately 3,400 members in four categories: Regular, Affiliate, Student, and Industry. Annual Budget CFASF has an annual operating budget of approximately $1.2M as well as assets of approximately $850,000. The fiscal year is July 1–June 30. The financial statements are audited by an independent accounting firm each third year, and reviewed annually. Tax Status CFASF is a California non-profit mutual benefit corporation that operates under section 501c(6) of the Internal Revenue Code. Dues and registration fees paid to CFASF are not deductible as charitable donations for federal tax purposes, but may be deductible as business expenses. 1|Page Board Meetings The Board typically meets the third Wednesday of each month from 2:30–4:00 PM at the Russ Building, 235 Montgomery Street, 7th Floor Conference Room, San Francisco, CA 94107. Code of Ethics CFASF has adopted CFA Institute’s Code of Ethics and Standards of Professional Conduct. All members must comply with the provisions of the Code and Standards. Expectations for CFASF Directors All Board members are expected to further the mission and strategic agenda of the Society. Listed below are the basic responsibilities expected of Board members:          Regularly attend Board meetings as well as other major Society events Attend an annual strategic planning session to formulate long term goals and objectives Be willing to serve on special projects, as required Be the “face of the Society” at CFASF functions and other industry events Collaborate with other Directors to guide strategic direction of initiatives and the Society overall Serve as a resource for other Board members Help to develop industry relationships Approval and oversight of the annual budget Participate in the evaluation of the Executive Director Board Tenure and Selection Process Board members are elected to two year terms and can stand for re-election three times, excluding service on the Executive Committee. Directors are nominated by the Nominating Committee, which is comprised of the sitting President, the immediate Past President and another Past President, and which may appoint one or more individuals to serve in an advisory capacity. Nominating committee members and a call for nominations are announced a minimum of 30 days in advance of the Annual Meeting, traditionally in April each year, and the slate of nominees is voted on by the regular membership at the Annual Meeting in June. Once the Nominating Committee receives applications, the Committee members may ask to meet personally with a candidate before presenting a slate to the membership. Many factors are taken into consideration when Directors are selected. These include, but are not limited to: professional background, experience level, skill set, geographical location, and personality. Our goal is to have a dedicated and diverse Board that effectively guides the Society to define and oversee strategic initiatives. Thank you Thank you for your consideration of this vital position with our Society. 2|Page CFASF Board of Directors Application To apply, please respond to the following questions and submit along with your resume to Maren Amdal, Executive Director, [email protected] before April 15, 2015. Name: Address: Phone: E-mail: What is your professional background? Please include a short description of your current job as well as your resume. What inspires you to want to become a Director of CFASF? What do you most hope to accomplish? What do you consider to be the most important strength you will bring to the Board? What meaningful positions/functions/activities have you participated in with CFASF? Do you have experience sitting on a board, particularly a non-profit board? If yes, please explain. Please provide one or two references who can address your strengths and qualifications for this position. Please have at least one reference be a current member of CFASF. 3|Page