Handbook 2•0•1•6

Chapter Handbook 2•0•1•6

Welcome to Smith Soc

Welcome to Smith Soc

Chapter Handbook 2•0•1•6

Table of Contents I. WELCOME TO SMITH SOC

06. Mission & Introduction 07. General Principles & History 08. About Student & Professional Chapters II. YOUR CHAPTER

11. Budget & Funding Guidelines 12. Chapter Expectations 14. Starting a New Chapter 15. Events 17. The Academic Calendar 18. The Speakers Bureau 19. Social Media & Promotion Guidelines 20. Annual Awards III. BEYOND CAMPUS

23. National Events 24. Professional Chapters 25. Smith Soc Treks 26. Special Opportunities IV. Appendices

28. Contacts 30. A. Sample Chapter Agreement 32. B. Our Forms 39. C. Chapter Plan & Budget Guidelines 40. D. Recent Speakers

5 5 WELCOME TO SMITH SOC

Mission & Introduction

The Adam Smith Society is a nationwide, chapter-based association of MBA students and business leaders who believe that business, entrepreneurship, and commerce are wellsprings that keep this country vibrant, creative, prosperous, and free.

We aim to build an influential network of future business leaders dedicated to preserving and strengthening the free-market economic system.

In concert with dedicated MBA student leaders, the National Office of the Adam Smith Society underwrites and helps to coordinate a series of exclusive events that give MBA students and alumni access to prominent business leaders, academics, journalists, and public officials. Speakers discuss their experiences and offer insights about the connections between successful businesses, the maintenance of our nation’s free institutions, and a robust civil society. The Adam Smith Society also convenes national and regional programming for student and professional members. We hope to inspire business students and young professionals to think about their own responsibility in seeing our economic system endure.

As a Chapter Leader, you have accepted a critical role in preserving the spirit of the Society by encouraging debate and discussion about our economic system. The Society relies on the talent and dedication of individuals like you to ensure that business remains characterized as a noble endeavor. To run a successful chapter, you must be able to organize and creatively promote interesting events, participate in robust recruitment, and, in general, attempt to always be an engaging and inclusive ambassador for the Adam Smith Society. Your success will ensure that your chapter has a lasting impact not only on your university, but also on the business world as a whole.

Welcome to Smith Soc

General Principles

America’s heritage of liberty and prosperity owes much to innovators and entrepreneurs; those who imagined new products, processes, and organizations; who took risks; and who embraced the freedom to create and build. Historically, captains of industry have not only driven the growth of the economy, but they have also been among the foremost advocates of the free enterprise system, publicly expounding the broader societal benefits of the market economy. The future prosperity of our nation will depend on tomorrow’s business leaders’ ability to continue this tradition of promoting free markets.

The Adam Smith Society works to provide a venue where this discussion of foundational ideas can be explored and applied to the current economic environment. We believe that MBA students should acquire more than just expertise in areas such as management, marketing, and quantitative analysis, as important as these skills are. They should also come to understand—and be able to defend—the nature of the economic system that fosters job creation, wealth generation, the alleviation of poverty globally, and scientific innovation. History In late 2010, the Manhattan Institute partnered with the Marilyn G. Fedak Capitalism Project and began to explore the possibility of building programming at elite U.S. business schools.

Taking the Federalist Society and their success at reinvigorating a discussion of constitutionalism and America’s founding principles within law schools as a model, our goal was to create a new organization that would provide future business leaders with access to contemporary thought leaders who were at the forefront of understanding and promoting the market economy, while giving young men and women the tools they needed to promote a positive and thoughtful understanding of the free market system on their campuses.

We began recruiting MBA students to found chapters of the Adam Smith Society at their home business schools in 2011. These students were committed to engaging in dialogue about individual liberty, limited government, and free enterprise— “big picture” ideas—amongst MBA students.

With financial assistance and programming guidance from the Manhattan Institute and the Marilyn G. Fedak Capitalism Project, chapters began to host events with prominent business leaders, journalists, and public officials who inspire students to think about their own responsibility in seeing our economic system endure.

In our first five years, we launched 25 student chapters, five professional chapters, and grew our membership to over 4,000 members. Looking ahead, we anticipate that one of the biggest impacts of the Adam Smith Society will emerge vis-à-vis our Professional Network. Just as the Federalist Society’s network now includes Supreme Court justices and attorneys at prestigious law firms, we envision our members having commensurate success in business, politics, the media, and other fields. These executives, financiers, and entrepreneurs of tomorrow must be willing to assume a responsibility for perpetuating—and, in key areas, restoring—America’s commitment to a fair, open, and competitive market economy.

Over the long term, we hope to see members of the Adam Smith Society emerge as articulate, passionate advocates for free enterprise. We envision professional members in upper management, on boards of Fortune 500 companies, and in leadership in key government institutions.

About Student & Professional Chapters The Adam Smith Society is composed of two types of chapters: student chapters and professional chapters. Our student chapters are located at most of the nation’s top MBA programs, and we continue to actively grow the number of participating schools. The goal of our student chapters is to sponsor programming for MBA students interested in the free market and a free society, and give these chapters opportunities to connect with business leaders and experts who share this vision. Although guided and supported by our National Office, the student chapters are organized and led by current MBA students on each campus.

Additionally, the Adam Smith Society is committed to maintaining and growing a community of market-minded professionals outside of MBA programs. We maintain a professional network for this reason. Our professional chapters provide the key to this network, and are currently active in six cities and counting. Professional chapters are comprised of Smith Soc alumni, as well as professionals in each city who are interested in our mission, but either did not have a chapter on their campus or missed the opportunity to join as a student due to timing, location, or other factors. Professional members receive invitations to industry and policy specific salon dinners, receptions, and talks with established business leaders, journalists, academics, and other thought leaders as featured guests.

The connections between our professional and student chapters are multifaceted and strong.

Smith Soc alumni are welcomed as professional members after graduation. We may approach student chapters in areas with a professional chapter to participate in collaborative events when such opportunities arise.

We also encourage our alums to actively participate in professional chapters in other ways. Active members are invited to serve on the host committee for their city’s professional chapter. Alumni in cities without professional chapters can help us in our efforts to start chapters in new cities. Additionally, all alumni are welcome to participate in programs in existing professional chapters, should travel find them in a city with active professional programming. Finally, the online Smith Soc Member Directory (available on our website to Smith Soc members) gives student and professional members the opportunity to connect and network one-on-one.

Welcome to Smith Soc

9 YOUR CHAPTER

Your Chapter

A. Budget and Funding Guidelines

FUNDING The Adam Smith Society requires that all chapters submit a plan, including an estimated budget, for their yearly activities. The budget should include event and venue costs as well as speaker travel. A sample Chapter Plan and more information on approximate costs can be found in Appendix C. Following are the requirements that all chapters must conform to when budgeting and running their operations.

SPEAKERS ◆ Speaker honoraria are paid directly by the National Office. These costs do not come out of your chapter budget. ◆ For this reason, the National Office must approve all speakers and National Office staff must sign any and all funding agreements between speakers and/or outside (see sections on Events and Speakers Bureau, below). ◆ Chapter leaders may not sign agreements with outside organizations. ◆ Note that while the National Office covers honoraria directly, travel costs incurred by speakers do count against your chapter budget.

ADDITONAL/SPECIAL EVENTS ◆ If a chapter wishes to host an event or activity outside of their approved plan, or that requires additional budget, it has the option to apply for supplemental funding. See Appendix B. ◆ A chapter officer must send the National Office a description of the unbudgeted activity and the amount requested. ◆ The National Office will review the proposal and the chapter will be informed if the additional funds are approved. ◆ Chapters who have completed, or are on track to complete, all Chapter Expectations will be given preference.

PAYMENTS ◆ Unless specified in your chapter agreement, payments will be scheduled on an invoice only basis. ◆ As chapter activities are completed, the chapter is to complete an Event Report and a Reimbursement Request (via the online system) to the National Office. ◆ Payment will be processed pursuant to receipt and approval of both forms, which must submitted within 30 days of each event. ◆ The National Office can pay directly for certain events via the corporate credit card. In these instances, the National Office will submit the credit card authorization directly.

TRACKING ◆ The National Office tracks all expenses for your chapter, including direct payments and speaker travel. However, you are also responsible for tracking your chapter’s expenses. ◆ At the end of the Fall semester, the National Office will report on the status of your yearly budget. If you have any questions regarding your chapter’s budget during the academic year, please contact your assigned Program Officer.

B. Chapter Expectations For the most part, our student chapters are self-governing organizations. The National Office does, however, have a few requirements and suggestions for you to keep in mind as you organize your chapter and set up procedures that will ensure a steady flow of events and activities during the academic year, and to also guarantee a smooth transition from one MBA class to the next.

GETTING STARTED ON CAMPUS REQUIREMENTS Institutional Buy-In is Vital. Be sure to secure and maintain the support of the university. Plan and conduct events that place both the Society and your institution in the most positive light.

Faculty Advisor. The National Office does not require that a chapter have a faculty advisor, but your school might. Please be aware of your school’s policies and be sure to conform to them.

Advisor Information. In cases where an advisor is required by the university or deemed necessary by the chapter president, you must provide the National Office with his or her name, title, and contact information. ** HINTS ** Know Your School. Each university has different requirements for setting up students clubs, organizing events, and how chapter leadership should be structured.

Allies. Build alliances with clubs on campus, both inside and outside B-school, including career clubs, interest clubs, and partner organizations like the Federalist Society.

LEADERSHIP REQUIREMENTS Chapter President and Leadership Team. The National Office requires you to name a chapter president. Additional officers are only necessary as the president deems fit and/or the university requires. The National Office must receive a complete list of your leadership team – with names, titles, and email addresses – by the end of September.

MBA Required. All chapter leaders must be MBA students (full- or part-time). In rare instances, there are exceptions to this rule; consult with your Program Officer if you have questions.

Succession. The method of selecting/electing new chapter leaders is at the discretion of the current chapter president. However, the National Office must receive new officers’ names, contact information, and bios before the close of the academic year.

MEMBERSHIP REQUIREMENTS Growth. Chapter leaders and members should continually work to grow and engage membership. Your chapter should set a target of recruiting 10% of your MBA student body.

Record keeping. Your chapter should keep accurate membership records. Complete names and email addresses are essential. Each semester, the National Office must receive a membership list including full names, email addresses, and graduation years. Due dates are outlined in subsequent sections of this handbook.

Policies. While events may be open to students and faculty in any program on your campus (undergraduate schools, law school, engineering school, etc.), membership is restricted to students in the graduate school of business.

Your Chapter

PROGRAMMING REQUIREMENTS Have a plan. The National Office must receive a plan outlining programming goals & budget projections at the beginning of the academic year (see Appendix C.)

Minimum number of events. You chapter should host at least four major events per academic year, as well as periodic social gatherings. ** HINTS ** Partners help. Partnering with other clubs on campus – debate clubs, Fed Soc, political groups, etc. – is a great way to increase event turnout and recruit new members.

Be present. You should send robust representation to national Adam Smith Society events. Representation at the summer Leadership Retreat is required in order to remain a chapter in good standing and to receive your budget for the upcoming year. In addition, chapters are encouraged to send their full allotment of 15 members to the National Meeting.

MARKETING REQUIREMENTS Promote the Society. Use state-of-the-art marketing and communications principles and practices to communicate your chapter’s programs to the widest audience possible in your campus community.

Stay connected. The National Office maintains accounts on Facebook, Twitter, and Instagram as well as a group on LinkedIn (handles and more information in subsequent sections). In all social media posts, use #SmithSoc or channel equivalent; Tweet at the National Office via handle @Smith_Soc, so staff can track your chapter’s efforts. Your chapter can tag the National Office on Instagram with our handle, smithsoc. ** HINTS ** Make use of all promotional channels. Use digital/social media, traditional media, and campus-based options to promote upcoming events. Use word of mouth in the classroom/on campus to generate a positive image of Smith Soc, both for recruitment and generally.

Tell a story. Use digital/social media, campus-based options to communicate event highlights and outcomes (via pictures, tweets, etc.); build a community within your chapter that will appeal to potential new members.

Track what you do. Document all marketing/communications approaches, channels, methods for year-end review and annual award consideration.

Starting a New Chapter

CONNECT WITH US ❒ Contact the National Office • We may know of other students in your MBA program who are interested in launching a chapter, or you may learn that a chapter already exists at your school. • In cases where a chapter is not in existence, the National Office will initiate the first steps toward securing a formal Chapter Agreement (for a sample, see Appendix A).

KNOW YOUR SCHOOL ❒ Familiarize yourself with your school’s procedures for starting an official club • Find out your school’s requirements for a club to be deemed an officially recognized student organization. Does your school require a faculty advisor? A certain number of officers? Well-attended events? Make sure to find out the answers to these questions. • Inquire as to the university’s policies on funding students groups. It will be helpful to determine the rules for outside supporters, as well as what money is available by virtue of your being a student group. ❒ Make your case in front of the administration and/or student government • Business school student governments often need to approve new clubs. Have a presentation prepared that shows a demonstrated interest in the club, as well as a compelling rationale for it. Sample PowerPoint decks that you can customize will be made available in the Officers Portal of the Website. • Be sure to mention that the Adam Smith Society – and the Manhattan Institute, which sponsors it – is a 501(c)(3), non-partisan, and non-profit organization with tax-exempt status. • To quote the Federalist Society’s student manual: “If they accuse you of being a part of the vast right wing conspiracy, be reasonable and serious and show they are silly.” • Obtain the appropriate signature(s) for your chapter agreement.

BUILD YOUR CLUB ❒ Participate in your school’s club fair and recruit student members • Make sure to recruit students and collect their contact information early in the semester, typically at your school’s club fair. • Contact the National Office in advance of this event to secure promotional material. ❒ Hold a well-publicized first event • See subsequent sections of this Handbook for details.

Your Chapter

Events

OVERVIEW Events are the backbone of any Adam Smith Society Chapter. They are the public face of your club on campus, the space where the discussions that drive our mission happen, and a key site for new member recruitment. A robust program of events allows your chapter to put its best foot forward.

On campus events typically take the following forms:

◆ Lectures ◆ Debates ◆ Keynote speeches ◆ Panel discussions ◆ Interviews ◆ Social and recruitment events ◆ Salon Dinners

The National Office is available to assist you with securing speakers and will provide basic event support, but each chapter is responsible for the lion’s share of its own event planning.

PLANNING AND EXECUTION In managing your chapter’s on-campus events, please keep in mind the following:

PLANNING Following the Leadership Retreat, each chapter should assemble a basic Chapter Plan. The Plan should serve as an outline of your planned events for the year. Include as much information as possible about topics and speakers, as well as the type, size and atmosphere of each event.

Program staff will review all Event Plans and schedule a call to discuss action items/next steps including:

◆ Potential Dates for Fall Events (including Club Fair, Educational, and Social events) ◆ Preferred Topics ◆ Specific Speakers, if available. NOTE: For events outside of those outlined in the Chapter Plan, chapter leaders should fill out a Event Request or Event Notification form, ideally at least one month prior to the desired event date.” With “For events outside of those outlined in the Chapter Plan, chapter leaders should fill out an Event Request or Event Update form, ideally at least one month prior to the desired event date.

COORDINATION Prior to each event, it is helpful to assemble a detailed list of what needs to be accomplished, by what date, and who is responsible. Hold periodic status updates by phone or electronically and keep the National Office informed of your progress. Considerations include:

◆ Selecting location and planning logistics (don’t forget food and beverages; room set-up, including tables and chairs; photographer if necessary; signage; audiovisual equipment, etc.) ◆ Developing the concrete timeline and event agenda. ◆ Recruiting and securing co-sponsors or faculty involvement. ◆ Determining what materials and services you will need from outside vendors. ◆ Drafting and distributing invitations, posting event on social media where applicable. ◆ Deciding how you will handle RSVPs and who will be responsible for tracking them.

EXECUTION In the days before the event, double check all details; clear your schedule for the day of the event; and be prepared for multiple contingencies. Make sure your chapter has taken care of the details that make for a great event:

◆ Confirm that your Program Officer has touched base with speaker(s) to make sure they have the correct date and location of the event, as well as the time they are expected to speak. ◆ Update and send speaker/VIP agenda.Give speakers the name of a contact person who will greet them upon arrival. ◆ Re-send event invite to encourage attendance. Check in with any co-sponsoring clubs and ask that they resend the invitation. ◆ Assign event responsibilities (including registration, room set-up, speaker greeter, media liaison, etc.) and explain duties to all personnel. ◆ Provide caterers with a head count by the deadline. ◆ Make a list of materials to be taken to the location and begin packaging them (i.e.print name tags, if applicable.) ◆ Pack a “supply kit” with any miscellaneous materials you may need (tape, scissors, stapler, pens, pencils, paper, phone numbers of speakers, etc.). ◆ Send a confirmation email to attendees, noting time and location. ON THE DAY OF THE EVENT:

◆ Arrive early and check that the location is set up correctly and that audiovisual materials requested are available and functioning. Check all microphones, projectors, audio equipment and computer connections. ◆ Check the registration area. Make sure nametags (if using), checklist, etc. is available. ◆ Allow time for run-throughs/sound checks if requested by your speakers or others participating in the event. FOLLOW UP

◆ Send “Thank You” notes to speakers and other key personnel ◆ Conduct a wrap-up meeting with planning committee, including a de-brief on what worked well and what could be improved for future events. ◆ Fill out an Event Report form and submit the online reimbursement request form to be reimbursed for event expenses (Note: Event Reports are mandatory. You will not be reimbursed for expenses incurred for the event in question until you have filled out an Event Report). All forms are available on the Adam Smith Society website when you are logged in as a chapter leader. Copies of the forms are also available for reference purposes in Appendix B.

Your Chapter

The Academic Calendar Get to know your school’s academic calendar for the coming year as soon as you can – you want to make sure that you build a schedule of events that works with, rather than against the calendar, and fits into a busy schedule that includes holiday breaks and spring break, midterms and finals, and internships and interviews. As you know, an MBA is a huge time commitment – you want to make sure you are using your time efficiently, while creating valuable experiences for your members. Sample Academic Year Calendar | 2016-2017

Before the Fall Semester: ❒ July 30th: Send at least 1 chapter leader to Leadership Retreat ❒ August 26th: Send National Office pertinent dates (club fairs, breaks, exam schedules) ❒ September 2nd: Send full year Chapter Plan (including budget) to National Office

Fall Semester: ❒ October 7th: Send membership list and leadership team to National Office ❒ Hold at least: one recruiting/social event and two speaker/educational events

Spring Semester: ❒ April: Send representation to the National Meeting ❒ April 7th: Send updated membership and incoming leadership team to National Office ❒ Hold at least: one social event and two speaker/educational events

Summer 2017: ❒ Be on the lookout for invitations to Regional Professional Network events in major cities

The Speakers Bureau The Adam Smith Society National Office is available to assist our chapters in bringing top quality speakers to their campuses. Our Speakers Bureau includes scholars and policy experts who can address a variety of topics in different formats (lectures, informal talks, interviews, debates). Additionally, we have developed and continue to create relationships with industry leaders, CEOs, top level media, and other notable business men and women who are willing to speak about their career experience as well as the free-market system and benefits of capitalism.

While we do not guarantee the ability to retain a particular speaker for your event, your Program Officer is available to assist you in extending invitations to speakers and providing follow up. It is important to note that the more advance notice a speaker has about an event, the more likely they will be able to participate. For this reason, we encourage you to fill out an Event Request form and work with your assigned Program Officer as early as possible if you need assistance with invitations. All requests for speakers will be taken on a first-come, first-served basis.

If you are inviting a speaker independent of the National Office, please fill out an Event Update form online at least four weeks prior to the event.

Chapter leaders are encouraged to think broadly and creatively when planning events—accessing members’ personal or business connections, MBA program alumni office, and the faculty resources available on campus, in order to find appropriate speakers. Additionally, it is helpful to think topically when planning events, especially in the case of co-sponsored programs with other on-campus clubs and organizations.

A comprehensive, searchable database of all of our speakers can be found on our website. Our Bureau has grown steadily since our founding, and now includes over 160 speakers.

All leadership teams will be sent Speaker Opportunity Updates. These emails highlight new speakers we’ve added to the Speakers Bureau, speakers whose schedules make them available at that moment, trending topic areas, and periodically, other unique opportunities to enhance your chapter’s programming and presence on campus.

Popular topics include:

◆ Technology ◆ Energy/Environment ◆ Entrepreneurship ◆ Investment ◆ Politics/Campaigns ◆ Global Economy ◆ Regulation ◆ Morality of Capitalism ◆ Finance ◆ Health Care ◆ Philosophy of Capitalism

Included in Appendix D is a list of speakers who visited chapters during the 2015-2016 academic year. Please note this is a snapshot of last year’s events, and not an exhaustive list of all of available or potential speakers.

Your Chapter

Social Media & Promotion Guidelines On-campus marketing, promotion, and communication are important parts of any Smith Soc chapter’s success. Growing membership, increasing your chapter’s presence on campus, and promoting the mission and message of the Adam Smith Society are among the key expectations we have for each chapter.

We assume that your chapter will pursue a marketing, promotion, and communications strategy that is rooted in the marketing principles one learns as an MBA. We expect that any modern promotional effort will incorporate digital channels—and especially social media—in addition to more traditional methods (i.e., flyers, posters, and word of mouth). We also encourage chapters to make use of campus-specific communications channels such as club fairs, bulletin boards (online and virtual), school newspapers/newsletters, and the like. Chapters should also seek to partner with like-minded and allied student clubs and organizations, as well as your school’s administration to create and promote specific events when such opportunities arise.

Here’s a list of social media/digital Dos and Don’ts: DO create a website or similar digital home for your chapter, especially if your school doesn’t provide one automatically. DO create a social media presence for your chapter on popular platforms such as Twitter, Facebook, Instagram, and others. DO publicize events on social media, both before they happen and after they occur. DO include the Smith Soc official addresses (@Smith_Soc, etc.) and/or the Smith Soc hashtag (#SmithSoc) on your posts. DO be professional in everything you post, in terms of content, tone, and language. DO keep track of metrics and data related to your promotions. DON’T forget to ask speakers if they are on or off the record. Tailor your social media plans accordingly. DON’T be afraid to ask members and guests not to Tweet or post on other platforms when a speaker wants to be off the record.

Annual Awards

BEST NEW CHAPTER GUIDELINES: ◆ Establishment. The chapter works with the Adam Smith Society National Office to formally establish a chapter on campus. The chapter has ascertained and followed any rules set by its home university for establishing a student club in order to be officially recognized. Best New Chapter is awarded to chapters launching during the period between two National Meetings. ◆ Launch. The chapter plans, organizes, and conducts a launch event, in coordination with the National Office. The event should actively build momentum for chapter growth and promote the profile of the Adam Smith Society on campus. ◆ Leadership. The chapter formally selects and confirms a leadership team and provides for the team’s succession. The structure of and personnel selected for the leadership team actively contributes to the club’s success. ◆ Presence. The chapter, via both traditional and innovative methods of marketing and communication, establishes a presence on its campus and within its MBA program and promotes a variety of events and programs. ◆ Growth. Between launch and the conclusion of the chapter’s first year, the chapter demonstrates growth through both membership recruitment and the organization of a robust calendar of events.

CHAPTER OF THE YEAR GUIDELINES: ◆ Growth. The chapter demonstrates continued growth from launch in terms of membership and attendance at events. ◆ Engagement. The chapter is an active part of the life of current MBA classes, as well as the campus at large. The chapter makes efforts to connect with allied student groups within the business school and beyond to help host a robust slate of events and build membership. ◆ Innovation. The chapter works to move beyond the minimum chapter requirements as spelled out by the National Office in the Chapter Handbook. The chapter reaches beyond the standard event template to create events that increase engagement among MBA students and the campus community. The chapter encourages members to engage the campus community outside of events to promote the Smith Soc message and mission. The chapter shows a willingness to utilize new and non-traditional modes of marketing and communication to increase its presence. ◆ Leadership and Legacy. The chapter successfully transitions from one leadership team to another, and has in place a succession process. The current and future leadership teams are poised to contribute to the success of the chapter. The chapter engages with faculty and maintains faculty and administrative support for the organization. The chapter is on sound footing to be a vibrant part of campus and MBA life into the future.

BEST CHAPTER: MARKETING AND ON-CAMPUS PROMOTION GUIDELINES: ◆ Consistency. The chapter consistently promotes the Adam Smith Society brand on campus throughout the academic year, with the goal of growing membership and improving club visibility. ◆ Innovation. The chapter reaches out to potential and existing members utilizing new platforms and channels (such as social media, other digital channels) and integrates these with traditional channels such as posters, flyers, club fairs, and word of mouth. ◆ Resonance. The chapter demonstrates understanding of its campus and MBA class environments, and tailors (at least some) events, programs, and marketing/communications plans to fit with its particular situation, campus culture, and local community. ◆ Effectiveness. The chapter demonstrates effectiveness of its efforts via increased membership and attendance at events.

Your Chapter

21 21 BEYOND CAMPUS

Beyond Campus

National Events LEADERSHIP RETREAT To equip MBA student leaders to launch and run chapters we hold the Leadership Retreat each summer in New York City. In addition to providing students with guidance on logistical issues related to starting a chapter and holding events, we view the retreat as an opportunity for the National Office to collaborate with each chapter’s incoming leadership team in order to brainstorm and share best practices. Past chapter leaders are invited to share their experiences in launching and leading a chapter. The day is followed by an evening networking reception.

Chapters must be represented by at least one, but no more than two, members of their incoming leadership team in order to receive their budget for the year. If no one from the incoming leadership team is able to attend, a member in good standing may attend as an alternate. The National Office reimburses travel and provides lodging for these attendees.

NATIONAL MEETING A highlight of the year is our National Meeting. The National Meeting brings together students, alumni, and business leaders for a weekend of thought-provoking panels and lively discussion. Our meeting provides a unique opportunity for MBA students to meet with some of today’s most important free-market business and thought leaders and to network with many other students from top business schools across the country. A closing cocktail reception and awards ceremony highlight the winners of our various competitive awards.

The National Office will cover full travel and double occupancy lodging for up to five current chapter officers to attend the National Meeting. In addition, partial travel scholarships to the National Meeting are available for other Adam Smith Society student members. Due to an overwhelming response to the National Meeting, chapters will be initially limited to 15 attendees per club (ten members and five members of the leadership team). Once the initial registration deadline has passed, space may open up for those on our waitlist. In advance of the meeting, details are distributed to chapter leaders, who are encouraged to promote the event to their membership.

More information on approved reimbursement expenses can be found in Appendix C.

Professional Chapters The Adam Smith Society’s mission includes maintaining and growing this community of market-minded professionals as they enter their post-graduation careers, and beyond. For this reason, we have launched a professional network which boasts a growing number of professional chapters in major cities. Smith Soc student members should feel welcome at any professional chapter event – both those events in cities near their campus as well as those to which they may be traveling. Professional chapter events are publicized through our email communication network as well as on our website.

Occasionally, there may be special events or opportunities that arise where your chapter can partner with a nearby professional chapter. When these opportunities come up, your Program Officer will be in touch and help your chapter coordinate participation.

Remember, when your members graduate, they are automatically welcomed into the professional network. The Smith Soc Member Directory network, gives student and professional members the opportunity to connect and network directly. Please remind your members to keep their profiles current, especially as they graduate. This allows both your chapter, as well as the National Office, to keep your graduating members up to date on Smith Soc developments and programming.

Professional chapters include:

◆ Austin ◆ Boston ◆ Chicago ◆ Houston ◆ New York ◆ San Francisco

Beyond Campus

Smith Soc Treks One of Smith Soc’s goals is to help forge deeper connections between young business leaders and experienced, free-market-minded experts. In service of this effort, we offer multiple opportunities to allow our members to venture off-campus for programs that connect them with other members with similar interests and leaders from the worlds of business, academia, and policy.

CHAPTER SPECIFIC TREKS Since our founding, we have encouraged student chapters to plan chapter-specific treks – group trips that allow members to explore cities that are driving changes in the economy and public policy, like DC, Silicon Valley, and New York City. Trek ideas are proposed by interested chapters, and then guided and organized by chapter leaders, in collaboration with the National Office. If you are interested in planning a chapter-specific trek, you must submit an application on our website, describing how this trek will fit into the overall mission and vision of the Adam Smith Society (application can be found in Appendix B). Once a trek has been approved, you will receive additional funds from the National Office to spend on the trek on a reimbursement or direct payment basis. Funds from your chapter’s yearly budget may also be allocated, but for the events portion of the trek only. SMITH SOC TREKS The National Office recently launched Smith Soc Treks, a series of destination-based, weekend-long retreats open to both student and professional members from all of our chapters. Each semester, Smith Soc will convene two all-expenses paid treks, where a small group of members will participate in relaxed but engaging, seminar-style, directed discussions. Participants are selected by application only.

One trek will focus on a key historical & philosophical question, and the other on a current and pressing public policy issue; each trek’s sessions will be led by experts in the field. Smith Soc Treks will allow members from a variety of industries, geographic regions, and MBA programs to connect and interact, sharing intellectual conversations possible in few other venues. Details on Smith Soc Treks can be found on our website, and are also shared via email as they become available.

Special Opportunities The Adam Smith Society enjoys relationships with a variety of institutions and organizations whose programs overlap with part of our mission – that of engaging in debate and discussion about the pressing issues of our day. Opportunities for collaboration and partnership often present themselves, and as they do, we present them to our chapters and members.

Here’s a sampling of some of our recent and ongoing collaborative opportunities:

The Federalist Society Dedicated to reforming the current legal order, the Federalist Society (Fed Soc) was founded on the principles that “the state exists to preserve freedom, that the separation of governmental powers is central to our Constitution, and that it is emphatically the province and duty of the judiciary to say what the law is, not what it should be. The Society seeks both to promote an awareness of these principles and to further their application through its activities.” We encourage student chapters to partner with Fed Soc chapters at their schools in formulating programs and hosting events. The National Office will provide all chapter leaders with their corresponding Fed Soc chapter leaders’ contact information.

Intelligence Squared US (IQ2) Debates During the year, we partner with IQ2 US to bring formal debates to campuses across the country. Our collaborative events with IQ2 are organized by the National Office, and if opportunities arise to bring a debate to your campus, city, or area, your Program Officer will coordinate with you.

Concordia Summit Founded in 2011, the Concordia Summit convenes prominent business, government, and nonprofit leaders to promote effective partnerships for impact. The annual conference takes place in New York City during United Nations week, and serves as a global affairs forum. Smith Soc partners with Concordia to give a select number of our members access to Concordia’s events.

SALT Smith Soc is happy and proud to work with our friends at Skybridge Capital. Each year, Skybridge invites members of the leadership teams from our award-winning student chapters to attend their famous Skybirdge Alternatives Conference (SALT) in Las Vegas. Our award-winning chapter leaders have the opportunity to meet with Skybridge leadership and other VIPs, while enjoying a one-of-a-kind Las Vegas conference experience.

Beyond Campus

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Contacts

When in doubt, please contact the National Office. We are here to ensure that your chapter is successful.

Alison Mangiero Senior Director [email protected] (646) 839-3331

Molly Harsh Director, Programs [email protected] (949) 648-6172

Charlyce Bozzello Program Officer [email protected] (646) 839-3327

Jane Menton Program Officer [email protected] (646) 839-3386

Leonard Sadosky Manager, Communications [email protected] (646) 839-3330

Alissa Yi Manager, Operations & Conferences [email protected] (646) 839-3357

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ADAM SMITH SOCIETY ADVISORY BOARD Marilyn G. Fedak Vice President Emeritus, Alliance Bernstein and Founder, Marilyn G. Fedak Capitalism Project

Evan Baehr Co-Founder & President, Able Lending

Eugene B. Meyer President, The Federalist Society for Law and Public Policy Studies

Lawrence Mone President, Manhattan Institute for Policy Research

James Piereson President, The William E. Simon Foundation

Manhattan Institute for Policy Research 52 Vanderbilt Avenue New York, NY 10017 212-599-7000

www.adamsmithsociety.com www.manhattan-institute.org

To view a short video about the Adam Smith Society, please visit the Adam Smith Society’s YouTube page.

A. Sample Chapter Agreement The following outlines the partnership between the Manhattan Institute’s Adam Smith Society (the “Smith Society”), and the Adam Smith Society (the “chapter”) at the [School Name] (the “University”). The establishment of this partnership is subject to your agreement to the terms specified in the following sections of this contract.

Budget and Reimbursement: The Smith Society agrees to provide the chapter with a budget of $10,000 per academic year. Payments will be scheduled on an invoice only basis. As chapter activities are confirmed, the chapter is to issue an invoice to the Adam Smith Society at the Manhattan Institute. Payment will be processed pursuant to receipt and approval of each invoice.

Please note that if the chapter reaches the award limit, the chapter has the opportunity to apply for additional funding. To do so, the chapter must notify the Smith Society in writing with a description of the unbudgeted activity and the funds requested. The proposal will be reviewed and the chapter will be informed if the subsequent funds are approved.

Payee: Checks will be made payable to “[School Name]” and sent to the care of [Authorized Representative – Name & Address].

Purpose: The chapter must agree to the use of the funds solely for the described purposes listed below. Any departure from these purposes must be approved in advance by the Smith Society. It is the official policy of the Smith Society that no portion of any award be used to pay institutional overhead:

◆ Facilitate a speaker series of at least four events per academic year under the Adam Smith Society banner. ◆ Sponsor receptions and salon dinners surrounding Smith Society panels and debates. ◆ Other Adam Smith Society sponsored activities as deemed fit by chapter leadership. Additional Terms: In addition to the activities described above, to fulfill the partnership between the chapter and the Smith Society, the chapter agrees to:

◆ Ensure participation of chapter leadership in Adam Smith Society national events. ◆ Keep an accurate and updated list of chapter members. That list will be shared with the Smith Society for purposes of their outreach. In turn, the Smith Society will:

◆ Assist with outreach and booking of speakers. ◆ Facilitate prompt reimbursement of expenses. ◆ Assist with on-site logistics where necessary. ◆ Keep chapter leadership apprised of national events.

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Evaluation: The Smith Society reserves the right to conduct an evaluation of the operations under this partnership, which may include visits by Society representatives to observe sponsored activities by the chapter. The Smith Society also reserves the right to request periodic updates on the chapter, which can be written or oral, formal or informal.

Publicity: Events sponsored by the Smith Society must be branded as such. The Smith Society will provide signage in advance of the event. Photographs and written documentation of all events are encouraged.

In the event that the University or the chapter wishes to issue a news release concerning the partnership, the chapter will inform the Smith Society in a timely fashion prior to its release and clear it with a representative of the Smith Society.

By signing below, both the Sponsor (Manhattan Institute for Policy Research, Inc.) and the Sponsored Organization (Adam Smith Society at [School Name]) agree to all the terms of this grant.

Grantor: Manhattan Institute for Policy Research, Inc. By: Alison Mangiero

Date: (signature) Title: Senior Director, Adam Smith Society

Grantee: Adam Smith Society at [School Name] By: [Authorized Signee]

Date: (signature) Title:

B. Our Forms

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C. Chapter Plan & Budget Guidelines Chapter Plans should include, to the extent possible, details on all proposed events, treks, and club activities.

◆ Chapter Name ◆ Leadership Team members (names and contact information) ◆ A detailed description that includes potential events/meetings, along with a preliminary list of speakers/topics you would like to cover (for each event please provide as much information as possible – sample below): • Event Title Topic: • Event Type (Lecture, Panel/Debate, Salon, Social/Recruiting, Discussion Group, Other): • Approximate Number of Participants • Target Dates • Target Speakers • How this event will add to your chapter’s success in furthering the mission of the Adam Smith Society. ◆ Any additional information you would like the National Office to take into consideration

Sample Timeline and Costs ◆ Late November-Early December: Social Event • Average event cost: $500-$800 ◆ Late August- Early September: Club Fair • Includes: Food & drink costs, room rental fees • Average Cost: $25 • Includes: printing flyers, giving out snacks, etc. ◆ Late January-Early February: Speaker Event in on-campus lecture hall ◆ Late September-Early October: Speaker Event in • Average Event Cost: $500-$800 on-campus lecture hall • Includes: Food & drink costs, room rental fees • Average Event Cost: $500-$800 • Average Speaker Travel: $500 • Includes: Food & drink costs, room rental fees • Thank you gift to speaker: $20 • Average Speaker Travel: $500 ◆ March-April: Luncheon with a speaker • Thank you gift to speaker: $20 • Average event cost: $1500-$2500 ◆ Early November: Salon Dinner with a speaker • Includes: Food & drink costs, room rental fees • Average event cost: $1500-$2500 • Average Speaker Travel: $500 • Includes: Food & drink costs, room rental fees • Thank you gift to speaker: $20 • Average Speaker Travel: $500 ◆ Late April-Early May: Social Event • Thank you gift to speaker: $20 • Average event cost: $500-$800 • Includes: Food & drink costs, room rental fees

Additional Information on Funding: NATIONAL MEETING:

◆ Lodging: double-occupancy lodging is provided to all current student members • Single rooms are extremely limited and also cannot be guaranteed. If you would like to guarantee a single room, you may book your own reservation directly through the hotel. Please note if you choose to do this, you will be required to pay the full amount of the hotel room. • If you are planning to bring a non-member guest, you may also book your room directly with the hotel. Please note that you will be required to pay the full amount of the hotel room directly to the hotel at the time of checkout. Following the conference, you may submit your half of the hotel charges for reimbursement. We welcome non-member guests of members to join us at the closing cocktail reception but are unable to accommodate them during the rest of the sessions.

◆ Travel: Travel scholarships are available for all current student members • The National Office will fully reimburse travel for up to 5 members of your current leadership team (from the list sent to the National Office in the fall semester) • All other current student members are eligible for a 50% travel reimbursement. • The National Office does not reimburse for the cost of food and cannot reimburse for a non-member guest’ travel expenses.

D. Recent Speakers

John Allison Former Chairman & CEO, BB&T Corporation Maggie Anderson CEO & Co-Founder, The Empowerment Experiment Paul Atkins Former Commissioner, Securities & Exchange Commission David Azerrad Director, Center for Principles and Politics at the Heritage Foundation Evan Baehr Co-Founder, AbleLending Jeremy Balkin Author, “Investing with Impact” Sally Bednar Managing Director, Wells Fargo Securities Tom Bevan Co-Founder & Editor, RealClearPolitics Robert Bryce Senior Fellow, Manhattan Institute Mark Carlin Executive VP, Lockton Insurance Brokers, LLC Brian Carney Wall Street Journal Editorial Board Tim Carney Senior Political Columnist, Washington Examiner Oren Cass Senior Fellow, Manhattan Institute Lanhee Chen Research Fellow, Hoover Institution Bob Chitester President & CEO, Free to Choose Network, Inc. Adam Cooper General Counsel/Senior Managing Director, Citadel Investments Leon Cooperman Chairman and CEO, Omega Advisers Jim Copland Senior Fellow and Director of Legal Policy, Manhattan Institute Sen. Tom Cotton U.S. Senator for Arkansas Aswath Damodaran Professor of Finance, Stern School of Business Bob Davis Journalist, Wall Street Journal David Demerest Senior Public Affairs Official, Stanford University Former Lt. Governor David Dewhurst 41st Lieutenant Governor of Texas Dan DiSalvo Senior Fellow, Manhattan Institute John Doggett Senior Lecturer, McCombs School of Business Marilyn Fedak Vice Chair Emeritus, AllianceBerstein Corporation Yevgeniy Feyman Adjunct Fellow, Manhattan Institute Bill Galston Senior Fellow, Brookings Institution Marvin Goodfriend Professor of Economics, Tepper School of Business Bulent Gultekin Associate Professor of Finance, Wharton School of Business Britt Harris CIO, Teacher Retirement System of Texas Kevin Hassett Former Senior Economist, Board of Governors of the Federal Reserve Scott Hodge President, Tax Foundation Rod Hunter Senior VP of International Advocacy, PhRMA Howard Husock Vice President for Policy Research. Manhattan Institute Samara Klar Political Scientist, University of Arizona Seth Klarman Founder, Baupost Group Wendy Kaminer Author, “Worst Instincts: Cowardice, Conformity, and the ACLU” Ray Kelly Former Commissioner, New York City Police Department Mernyn King Former Governor, Bank of England

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Bill Kristol Editor, The Weekly Standard Larry Kudlow Host, CNBC Dwight Lee Fellow, Independent Institute Dan Loeb CEO, Third Point, LLC Evan Loomis Co-Author, “Get Backed” Greg Lukianoff President & CEO, Foundation for Individual Rights in Education (FIRE) John Mackey Co-CEO, Whole Foods Market Blake Masters Author, “Zero to One” Paul McCulley Former Managing Director, PIMCO Mark Mills Senior Fellow, Manhattan Institute, and CEO, Digital Power Group Judy Miller Journalist Ken Mehlman Global Head of Public Affairs, KKR Jared Meyer Fellow, Manhattan Institute Dambisa Moyo Global Economist Charles Murray Fellow, American Enterprise Institute Debarshi Nandy Associate Professor of Finance, Brandeis International Business School Johann Neem Professor, Western Washington University Becky Norton-Dunlop Vice President of External Relations, Heritage Foundation 4 Henry Olsen Senior Fellow at the Ethics and Public Policy Center Jim Otteson Executive Director, BB&T Center for the Study of Capitalism Richard Peach Senior Vice President, Macroeconomic and Monetary Studies Function Federal Reserve Bank of New York Brahm Pillai Senior Product Manager, Skybridge Capital Kyle Pomperleau Director of Federal Projects, Tax Foundation Kevin Proud Investment Banker, Barclays Andy Puzder CEO, CKE Restaurants Michael Ramirez Political Cartoonist Dan Rasmussen Author, “The Uprising”

Condoleezza Rice Former Secretary of State Jason Riley Wall Street Journal Editorial Board Avik Roy Senior Fellow, Manhattan Institute Nick Schmitz Former Rhodes Scholar Tom Skinner Managing Partner, Redbrick LMD Ryan Streeter Director, Center for Politics and Governance at the University of Texas Austin John Tamny Editor, RealClearMarkets Bobby Tudor CEO, Tudor, Pickering, Holt & Co. Patrick Walsh Foudner, PW Partners Reeve Waud Founder & Managing Partner, Waud Capital Partners Scott Winship Fellow, Manhattan Institute Jeff Yass Managing Director & Co-Founder, Susquehanna International Group

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Anti-Discrimination Policy

Adam Smith does not restrict its membership, programs, or activities on the basis of age, color, disability, gender identity, marital status, national or ethnic origin, political affiliation, race, religion, sex (including pregnancy), sexual orientation, veteran status, and family and genetic information.

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