Financial Modeling Association (FMA)

Financial Modeling Association (FMA) (At The Ohio State university) Constitution

Article I. Name

The official name of the undergraduate organization is “Financial Modeling Association.”

Article II. Purpose

The purposes of the Financial Modeling Club are to:  Network with industry professionals in financial modeling related fields  Understand and refine financial modeling and its applications in industries  Help members explore job opportunities in quantitative specializations  Prepare undergraduates interested in financial modeling field with fundamental skills  Distinguish the Fisher College of Business and the Ohio State University as pioneers in the field of financial modeling  Align with undergraduate organizations of quantitative analysis within the Fisher College of Business

Article III. Membership and Eligibility Criteria

Any undergraduate at the Ohio State University interested in financial modeling field is eligible for joining the Financial Modeling Association. FMA members will not discriminate against any student on the basis of color, ethnicity, national origin, religion, sexual orientation, sex/gender, age, military veteran status, or disability.

Section 1 - General Membership Membership is open for any undergraduate enrolled in the Ohio State University, who can:  Pay membership dues (to offset costs of events, transportation, t-shirts, refreshments etc.)  Attend weekly meetings  Participate in group activities and the following discussions after guest speeches

Section 2 - Procedures for becoming a member Undergraduates can become members of the financial modeling Association by fulfilling requirements of membership.

Section 3 - Removal of membership Members lose the membership in the financial modeling Association as they fail to meet requirements of membership or they are no longer enrolled in the Ohio State University. Students, who violate the principles of the Ohio State University, or students, whom in the manner deemed detrimental to the advancing of the purposes of the organization, can be removed from membership of the organization through the process of unanimous votes of the officers with the consultation of the advisor.

Section 4 - Removal of officers Officers can be removed by a majority vote of the voting membership or anonymous vote of the other officers with the consultation of the advisor as they fail to perform their officer duties, violate the Ohio State Student Code of Conduct or defame the organization.

Section 5 – Participation Members should actively participate in events organized by FMA during the academic year, contribute to discussions, view the Financial Modeling Association as a professional student organization and serve as a positive representation of the Financial modeling Association.

Section 6 - Membership Dues Members are expected to pay yearly dues of $30 to offset the operating expenses.

Article IV. Organization Leadership: Titles, terms of office, type of selection, and duties of Leaders

Section 1 – Reporting structure, type of selection and terms of office  Reporting structure: the executive committee is expected to present a brief summary each week and a report in the last meeting of each semester to all members of the financial Modeling Association.  Type of selection: a new executive committee member shall go through the voting process. Here are two ways of the appointment: a. Self-recommended b. Executive committee-recommended The members recommended in either way need to win the majority of non- executive committee members and the agreement of the current executive committee.  Terms of office: Recruiting process yearly on February

Section 2 – Titles and duties of leaders: The leadership team of the Financial modeling Association includes the following positions:  The president is responsible for all day-to-day operations, the overall direction of the organization and decisions the Executive Committee have made.  The vice president shall assume the duties of the president in the president’s absence or at the request of the president’s request. If the president were removed from his (/her) office for any reason, the vice president would be responsible for all duties of the president.  The treasurer is responsible for financial affairs of the organization. He (/She) is expected to prepare and present the budget at the request of the Executive Committee or the advisor. He (/She) is also expected to keep the accurate financial account of the organization and advise the executive committee on financial matters.  The VP of outreach is responsible for the outreaches to companies, on-campus and off-campus organizations and resources and associations. He (/She) can delegate the organization, and communicate with other organizations at the request of the executive committees.  The membership chair is responsible for recruitments, member management and membership removals.

Article V. Executive Committee: Size and composition of committee

Section 1 – Size FMA maintains an ongoing executive committee with at least 3 officers. The size of the executive committee should be limited to a maximum of 10 members.

Section 2 – Appointment, responsibilities and terms of office Members of FMA can be appointed to the executive committee by the current executive committee, or they can present self-recommendation to the current executive committee and leadership team. Members shall submit an application to the current executive committee, and go through the voting process amongst all members and all officers of the organization. Members can serve on the executive committee for a maximum of three years.

Article VI. Advisor

The advisor is expected to be a full-time member of the faculty (/staff) in Fisher College of Business at the Ohio State University. The executive committee can replace the advisor by two-thirds majority vote. The duty of the advisor is to consultant, help with events of the organization and offer advice to the executive committee.

Article VII. Meetings of the Organization

Section 1 - Frequency: The executive committee shall meet on a weekly basis to discuss about daily operations and upcoming events. The meetings will hold during the academic year except for holiday breaks and the summer term. The time of the meetings will be decided on a semester basis and accommodate schedules of all executive committee members.

Section 2 - Quorum and Decision-making: Full attendance of current executive committee members will constitute the quorum for any meeting in the organization. The executive committee will make a decision by a majority vote For the case of an even split, the president will have the final vote and make the final decision. If the impasse cannot be resolved still, the president should seek advice from the advisor.

Article VIII. Method of Amending Constitution: Proposals, notice, and voting requirements

The amendment must be proposed in writing and read at am executive committee meeting. The executive committee will vote on the amendment in the next meeting. Voting members do not have to present at the meeting to register their votes, but they must have registered the votes before the meeting.

Article IX - Method of Dissolution of Organization

The organization can be dissolved through one of the following methods:  The executive committee can propose dissolving the organization, and the dissolving decision has to be approved by anonymous vote of the executive committee and the advisor.  If the Executive Committee does not meet for four consecutive terms, the organization stands automatically dissolved.

All assets and debts of the Organization at such a time are transferred to the Undergraduate Programs Office in the Fisher College of Business at the Ohio State University.