Investment Club Constitution
Article I: Name and Purpose
Section 1: Name
a) The name of this club shall be the Investment Club.
Section 2: Purpose/Mission
b) To increase awareness in the field of business relating to investment.
c) To further its members' knowledge of the various investment methods and strategies in a diverse and conducive club environment.
d) To achieve a thorough understanding of career opportunities available to students via presentations, panel discussions, guest speakers, and other mediums.
e) To provide real-world investment opportunities by maintaining a portfolio for future club members
Article II: Membership
Section 1: Eligibility for Membership
a) The club shall be open to any CSB/SJU student who expresses an interest or desire for information about the field of finance and investing.
Section 2: Voting Member Criteria
b) Voting rights can be obtained by first time members with $20 non-refundable donation to the club; returning voting members must make a $5 non-refundable donation must be made per semester to retain voting rights. This money will be used to produce informational binders for each club member with the remainder deposited into the brokerage account.
c) Club membership is defined as CSB/SJU students who have purchased voting rights. Voting members shall be herein, in this document, be called ‘members’.
Section 3: Removal of Members
d) A member considered in poor standing with the club will meet with the officers to discuss their actions, in hopes of reconciling any differences.
e) If a resolution does not occur, the voting members will hold a vote to determine if the member should be removed.
f) A majority of the vote is required to remove a member from the club.
Article III: Officers
Section 1: Officer Qualifications
a) All officers must be students at CSB/SJU and a voting member of the Investment Club.
Section 2: Elected Officers and Their Duties
b) President (1)
1. Will preside over all meetings.
2. Will be responsible for overseeing the organization of the activities of the club.
3. Will serve as Fund Manager of the Executive Board.
4. Will be responsible for organizational arrangements of the club.
c) Vice President (1-2)
1. Will act as President in the absence of the President.
2. Will serve as assistant Fund Manager of the Executive Board.
3. Will be responsible for the scheduling of meetings, rooms, and multimedia equipment.
4. Will be responsible for facilitating presentations by club members and guest presenters.
5. Will serve as club historian and take the minutes of the meetings.
6. Will coordinate the club’s email account.
d) Treasurer (1-2)
1. Will be responsible for keeping accurate records of the club’s accounts.
2. Will be responsible for putting together allocation requests for the Co-Funding Board.
3. Will be responsible for all available funds and taxes.
4. Will serve as Treasurer for the Executive Board.
5. Is required to reconcile the brokerage account once a month and submit a copy to the Saint John’s Director of Accounting.
6. Will be responsible for relations with the broker.
e) Director of Market Analysis (1)
1. Will actively survey the club’s members to determine their educational wants and needs.
2. Will be responsible for scheduling informational sessions.
3. Will coordinate a weekly market overview to be given at meetings.
f) Director of Activities (1)
1. Will be responsible for the planning and execution of club activities. This includes club trips, club-sponsored events, and bringing club speakers to the club.
2. Will be responsible for performing the duties related to marketing and recruiting.
Section 3: Vacancy in Office
g) If a vacancy of office occurs, the responsibilities of that office will be split among remaining officers/board members until a replace is found.
Section 4: Removal of Officers
h) The removal of an officer requires a majority vote of the club’s members in attendance at a regular meeting.
i) Prior to a vote, an initial collection of signatures from at least two officers must be presented along with the grounds for removal.
j) Member in question will have a chance to present his or her case before the final vote.
Article IV: Elections
Section 1: Nomination Process
a) An application process will be used for officer positions.
Section 2: Election
b) The method of selection is a secret ballot.
c) The member receiving the majority vote will hold the respective position.
d) Elections will take place during the first regular meeting in December; officers will have a one-year term effective the following semester.
Section 3: Special Elections
e) Special elections will be held as needed within two weeks of a vacated position. The new officer will serve the remainder of the vacated term.
Article V: Advisor
Section 1: Selection
a) Will be a faculty or staff member who is very familiar with the Investment Club and the College of Saint Benedict | Saint John’s University.
b) Will have experience in the area and investments and finance.
Section 2: Duties
c) Will serve as an advisor and guide, and assist the officers or members in the mission/goals of the club.
Article VI: Meetings
Section 1: Regular Meetings / Club Activities
a) Meetings will be held at a set time and location every other week during both semesters.
b) Email will be sent out to notify members of club meetings and their subject.
c) Any regular club activities will be announced at least 2 weeks in advance.
d) Executive meetings will be scheduled every other week on the same nights as the regular club meetings and will be coordinated by the President.
e) A new security can be voted on at each regular meeting for possible purchase or sale. A majority vote of club members is needed to buy or sell a security.
f) Special voting can be held via email.
Section 2: Special Meetings
g) When an unplanned situation comes about, a special meeting will be called.
h) These special meetings will be run in the same manner as regular meetings.
Section 3: Parliamentary Authority
i) The President will direct the meetings and will ask for updates.
Section 4: Quorum
j) Two-thirds membership must be present for official club business to occur.
Article VII: Finances
Section 1: Co-Funding Board
a) The club will apply for Co-Funding Board monies.
b) If allocated any monies, we will follow all Co-Funding Board and institutional regulations.
Section 2: Honorariums
c) No officers or members will receive an honorarium/stipend from the organization.
Section 3: Dues
d) Voting rights can be obtained by first time members with $20 non-refundable donation to the club; returning voting members must make a $5 non-refundable donation must be made per semester to retain voting rights. This money will be used to produce informational binders for each club member with the remainder deposited into the brokerage account.
Section 4: Special Considerations—Brokerage Fund
e) The fund has been gifted to the Order of Saint Benedict. The club will adhere to the agreement as laid out previously.
f) Both the Treasurer and the Saint John’s Director of Accounting will hold a record of the brokerage account.
g) The book of accounts and transactions shall be at all times kept open for inspection and examination by any club member or member of the Saint John’s Business Office.
h) The book of accounts and transactions shall be at all times kept closed for inspection and examination by any person outside the club member and the Saint John’s Business Office unless approved by a majority vote of the officers.
Article VIII: Amendments
Section 1: Ratification
a) This constitution may be amended by a two-thirds vote of the club members.
1. Any proposals must be submitted to an officer.
2. Officers must be given two weeks to present the proposal.
Section 2: Submittal to the Department of Student Activities and Joint Club Board
b) Any changes made to this constitution must be submitted to the Department of Student Activities and the Joint Clubs Board.
The Investment Club admits students without regard to their race, religion, color, sex, age, sexual orientation or national or ethnic origin to all the rights, privileges, programs and other activities, generally accorded or made available to members of the organization.
The Investment Club considers hazing to be a degrading and destructive activity which is inconsistent with the standards of this student organization. The Investment Club recognizes the dignity of every person and opposes all forms of hazing.