.
.

 

Student Investment Club Constitution

Mission Statement
Statement of Purpose
Membership Requirements
Election Procedures
ORGANIZATIONAL STRUCTURE & DUTIES
1) ADMINISTRATIVE BRANCH
i. President
i. Secretary
i. Treasurer
i. Assistant Treasurer
2) INTERNAL BRANCH
i. Internal Vice President
ii. Consumer Cyclicals Sector Director
ii. Financial Sector Director
ii. Technology Sector Director
ii. Healthcare Sector Director
ii. Real Estate Sector Director
3) EXTERNAL BRANCH
i. External Vice President
i. Marketing Director
i. Social Director
i. Webmaster
i. Recruiter Liaison
i. Historian
4) SUPPORTING POSITIONS
i. Board Member(s)
i. Assistants
5) VACANT POSITIONS
6) FACULTY ADVISOR
Process for Amending the Constitution
Impeachment Procedure



MISSION STATEMENT

The Student Investment Club (SIC) exists to further its members' knowledge of the various investment methods and strategies in a diverse and conducive club environment. It seeks to engage members in intellectual discourse via presentations, panel discussions, guest speakers, and other mediums while fostering a positive social environment for networking and fun.

STATEMENT OF PURPOSE

The Student Investment Club was founded in 1998 primarily as a way for students new to investing to learn more. SIC helps to make investing more understandable and practical through the introduction and analysis of various investment methods and strategies. The club serves as a forum for students to pool investing knowledge and to have fun. Novices and experts alike can learn from each other through an exchange of ideas in a group setting. The club is not-for-profit and of a non-commercial nature. General meetings are held weekly on Thursdays at 7:15PM, and officer meetings are held earlier at 6:30PM or at a different time during the week at the discretion of the club President.

MEMBERSHIP REQUIREMENTS

Membership is open to all registered students of any major at the University of Florida. Previous knowledge of investing is not required. In fact, a great deal of the club's efforts go toward educating individuals with little or no experience whatsoever, and this activity lies at the heart of the club's very existence. To become an active member in SIC, an individual must simply turn in the proper membership information, pay dues, and stay involved by attending meetings and other events. Members have no further obligation to the club, but are encouraged to become as involved as they can. Leadership and/or assistant positions are almost always available. Club dues are set at the rate of $10 per semester. The Student Investment Club does not discriminate on the basis of race, creed, color, sex, age, national origin, disability, or sexual orientation. Faculty, staff, and student spouses may be associate members but may not vote or hold office. Members are free to leave and disassociate without fear of retribution or harassment, and hazing is not condoned by the club. All members of the club must abide by the University of Florida's rules and regulations.

ELECTION PROCEDURES

Officers are elected at the last meeting of every semester, with the exception of the Treasurer and Assistant Treasurer (see below.) The candidate with the highest total number of votes is elected. In the event of a tie, a run-off election is held between the two candidates with the highest number of total votes. Voting is done by secret ballot. Members must have attended at least three meetings to vote. The voting is done in the both in the officers' meeting and in the general meeting. Officers and directors vote first in the officers' meeting, and a preliminary tally is recorded and announced. Then the regular members vote in the general election, and all votes are tabulated. Positions elected in this fashion include President, Internal Vice President, External Vice President, Secretary, Treasurer, Assistant Treasurer, Historian, and Social Director. Directors are appointed after a vote of all newly appointed officers. Prospective Directors will deliver a speech to these officers during the officers' meeting on the last meeting date, and a vote will follow. These appointed positions include all Sector Director positions, Marketing Director, Webmaster, and Recruiter Liaison.

ORGANIZATIONAL STRUCTURE & DUTIES

ADMINISTRATIVE BRANCH


President

Oversees and manages SIC. Conducts weekly general meetings, officer meetings, and other miscellaneous meetings (tutoring sessions, career presentations, etc.) Can appoint committees and officers when necessary with a majority vote of the officers and directors. Coordinates a financial plan for the club along with the treasurer. Maintains documents vital to the club (constitution, etc.) Facilitates smooth transitions from semester to semester. An individual must have been in the club for a minimum of two consecutive semesters and must have held an officer or a director position prior to becoming president. A full presidential term lasts for one semester. There is no maximum number of terms a president can serve, but an incumbent president must be reelected in order to serve for the next term. It is preferred that a president serves for a full academic year (Fall and Spring) to avoid turnover issues and to fully implement his/her strategy.

Secretary

Maintains attendance of all members, phone, address, and e-mail lists, retains copies of flyers and other important materials distributed. Records the "minutes" (a meeting summary) of all meetings. Distributes the minutes via e-mail to all officers, directors, and assistants. A full secretarial term lasts for one semester. There is no maximum number of terms a secretary can serve, but an incumbent secretary must be reelected in order to serve for the next term.

Treasurer

Collects and deposits funds and keeps the club's books. Makes a written monthly report distributable to the president and vice presidents. Oversees the training of the assistant treasurer who will become the new treasurer when the previous treasurer leaves office. Assists the president with cash flow analysis, budgeting, and forecasting. Maintains a current budget summary on the officer document area of the website. The Treasurer must have been Assistant Treasurer for at least one semester, unless there is no candidate for Treasurer who has served as Assistant Treasurer. A full Treasurer term lasts for one semester. A Treasurer is elected only once, and may serve for up to two (2) semesters at his/her discretion. It is preferred that a treasurer serves for a full academic year (Fall and Spring) to avoid turnover issues.

Assistant Treasurer

Assists the Treasurer in financial responsibilities and acts on behalf of the Treasurer in his/her absence. Trains to become the new Treasurer in an upcoming semester. An Assistant Treasurer may serve for up to two (2) terms, depending on the status of the Treasurer position. A full Assistant Treasurer term lasts for one semester. An Assistant Treasurer is elected only once, and may serve for up to two (2) semesters at his/her discretion. If the Treasurer decides to step down after one semester, the Assistant Treasurer will automatically move up to Treasurer. During the second semester, more duties will be delegated to the Assistant Treasurer in preparation for taking over the position of Treasurer.

INTERNAL BRANCH


Internal Vice President

Directs the planning and execution of the curriculum, and provides support for those individuals who present by previewing all presentations, editing mistakes, and offering suggestions on improvement. All presentations are to be aligned with the curriculum goals and club mission statement. The Internal Vice President is responsible for the quality of presentations. The Internal Vice President is the head of the internal team, and the team's other members are all of the sector directors. The Internal Vice President will assist the President in all internal functions of the club. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

Consumer Cyclicals Sector Director

Responsible for keeping the club informed and educated on the consumer cyclicals sector. This sector is made up of those industries tailored to the consumer. This includes a very large portion of the market. Coverage includes, but is not limited to advertising, apparel, automobiles, hotels, restaurants, agriculture, beverages, tobacco, construction, transportation, utilities, energy, chemicals and precious metals. The consumer cyclicals director is encouraged to focus on industries currently in the news and of interest to college students. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

Financial Sector Director

Responsible for keeping the club informed and educated on the financial sector. This sector consists of those industries associated with banking and finance. It includes banking, insurance, accounting, real estate, savings and loans, securities brokers, and other related fields. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

Technology Sector Director

Responsible for keeping the club informed and educated on the technology sector. This sector is made up of those industries associated with enhancing current technology. It includes industries such as communications, computers, semiconductors, storage, software, aerospace/defense, and other related fields. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

Healthcare Sector Director

Responsible for keeping the club informed and educated on the healthcare sector. This sector is made up of industries in pharmaceuticals, biotechnology, medical supplies, and other related fields. Due to the complicated nature of certain scientific aspects of this sector, the director should try to keep presentations from becoming overly detailed and scientifically complex. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

Real Estate Sector Director

Responsible for keeping the club informed and educated on the real estate sector. This sector consists of REITS, real estate developers, commercial real estate and residential real estate. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

EXTERNAL BRANCH


External Vice President

Directs the planning and execution of all external activities of the club. The External Vice President is the head of the external team, and this team's other members are the Marketing Director, the Social Director, the Webmaster, the Recruiter Liaison, and the Historian. The External Vice President assists the President in all external functions of the club. The External Vice President also manages the club's virtual portfolio and coordinates with the internal team concerning presentations on prospective virtual investments and the overall portfolio direction and strategy. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

Marketing Director

Responsible for publicity of the club. This includes posting banners in accordance with school regulations, posting fliers around campus, giving promotional fliers and overhead slides to professors, and organizing a table at the beginning of each semester for the student organizational fair, as well as for other promotional events. Also responsible for selling t-shirts and other club items. The actual cash transaction is the responsibility of the treasurer. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

Social Director

Responsible for all social aspects of the club. Coordinates refreshments at all general meetings. Plans a social budget along with the Treasurer, the President, and both Vice Presidents. Responsible for planning games, food, intramural sports, and socials. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

Webmaster

Responsible for designing and updating the web page. Must insure that the minutes from the meetings are posted in addition to any new announcements. Must post upcoming meeting information (time, location, etc.) in an easy to find area. Responsible for monitoring the message board. Must make sure website is fully and continually functioning and in compliance with copyright laws and regulations. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

Recruiter Liaison

Responsible for locating corporations and financial companies in Florida, New York, and other areas of interest who may be potential employers. They shall make a list of these companies with contact information and the jobs and internships that might be available. They should offer prospective companies the access to the club's resume collection and inquire about special meetings ("meet and greets") and presentations with these companies. The Recruiter Liaison is responsible for gathering the resumes of all club members who wish to post a resume online and/or in our resume book and making sure that the task is accomplished. The Webmaster will assist in this task as well. The Recruiter Liaison will make the contacts, and both the Recruiter Liaison and the President will be jointly responsible for coordinating meet and greets. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

Historian

Responsible for keeping a recorded history of club events, meetings, and activities. This task includes writing a semester summary at each semester's end, as well as taking pictures and keeping a club journal. The Historian is responsible for researching the club's past. The Historian is also responsible for getting departing officers some type of recognition (plaques, gifts, etc.) for outstanding work and dedication if it is warranted. This activity is coordinated with other officers and directors who are not departing. A full term lasts for one semester. There is no maximum number of terms one can serve, but an incumbent must be reelected in order to serve for the next term.

SUPPORTING POSITIONS


Board Member(s)

The club's officers and directors may vote to appoint board members at the beginning of the semester. A majority vote is required to be a board member. The vote will be secret ballot. The board can contain up to 4 members. These board members must have been in an officer or director position for at least one semester prior to becoming a member of the board. The function of the board is to retain officers and directors with a great deal of knowledge and club experience in an effective leadership position. Board members are required to give at least two presentations per semester. Board members will assist in the logistics and execution of general meetings. The board is enacted out of opportunity and not obligation, and the existence of board members is not necessary. The position lasts for one semester and can be reappointed every semester.

Assistants

Assistant positions are available to individuals who show an interest in becoming more involved and assisting the club in its endeavors. Assistants are recruited by both officers and directors. Assistant positions must be approved by the President. Sector director assistants are required to help the director research for upcoming presentations, and they are encouraged to present near the end of the semester. Attaining an assistant position is in many cases the first step in preparing an individual for a future officer and/or director position.

VACANT POSITIONS

All duties of a position that has been vacated will be transferred to the President until such time that a new individual can fill the position. A new office holder must be elected by a simple majority vote of all members at the soonest possible general election. These assumed duties may be delegated to other officers and directors until such time that a replacement can be found.

FACULTY ADVISOR

The Faculty Advisor is appointed at the beginning of each year by a 2/3 majority vote of officers and directors. The Faculty Advisor shall advise and act as a liaison for SIC.

PROCESS FOR AMENDING THE CONSTITUTION

The President or either Vice President can make changes. A simple majority vote by the officers is needed for passage of minor changes. If there is a tie, there is no action. Changes must then be rethought, rewritten, and then presented again. In the instance of rewriting or altering the constitution in an all-encompassing way (such as an amendment,) a 2/3-majority vote is required due to the magnitude of the change.

IMPEACHMENT PROCEDURE

If in the event that an officer or director becomes a significant problem to the club, that officer or director can be impeached and removed from the club during the course of a general meeting. Any officer or director can raise the issue of impeachment of any other officer or director, but they must have a valid reason. An explanation of the reasons for impeachment will be given by the officer or director raising the issue. If the officer or director that is being charged with impeachment is present, they will give their counter arguments. A secret ballot vote of all members at a general meeting will commence. If there is a 2/3 majority vote in favor of impeachment, that officer or director is immediately removed from the club. If the are insufficient votes, that officer or director remains at their position. The votes will be counted and announced by two officers or directors. The officer or director who brought charges and the officer or director being impeached cannot count the votes.

If the officer or director that is charged with impeachment is not present, they can still be charged and an impeachment can be voted on. This is to account for officer or directors that are negligent of their duties and are frequently without notified absence. If there is a 2/3 majority vote in favor of impeachment, that officer or director will be put on impeachment probation. They will be contacted and notified that they are on impeachment probation. They have the option to present their argument against impeachment at the next officer meeting. If they exercise the option to rebuttal at the next meeting, the charges will be repeated and a new vote will be held, again by secret ballot. If there is a 2/3 majority vote in favor of impeachment, that officer or director is immediately removed from the club. If there are insufficient votes, that officer or director remains at their position and is no longer on impeachment probation. If the option for rebuttal is not exercised at the next officer meeting, the impeachment probation status will change to impeachment status, and that officer or director is removed from the club.

 

 

 

.


The Student Investment Club
thanks our gracious sponsor,
Russell Investment Group.


We also thank UpDown.com
for their support.


Special thanks to Gumby's for
providing free pizza at every meeting.

 


Home
| General Info | Members | Constitution | Resources | Challenge | Resumes | Contact
» University of Florida
» Warrington College of Business Administration
» Business Administration College Council
Site designed by Jacob Ratner. Best viewed on screen resolutions of at least 1024x768
© 1998-2008 SIC, University of Florida, Gainesville, FL 32611.