Leaders

NAIFA Bylaws Amended to Widen Pool of Eligible Leaders

Written by NAIFA | 4/9/21 1:54 PM

At its March 24, 2021 meeting, the NAIFA Board of Trustees amended the NAIFA Bylaws to allow appointed Trustees, and the NAIFA Treasurer, to be considered as eligible candidates for the positions of NAIFA Secretary and NAIFA President-Elect. Previously, only those Trustees who had been elected (rather than appointed) to the NAIFA Board, and only a NAIFA Treasurer who had also been elected as a Trustee, could be considered for the offices that lead to service as NAIFA President. With this amendment, qualified NAIFA volunteers who have served on the NAIFA Board through appointment as Trustee or election as Treasurer may also be considered for the NAIFA Secretary and President-Elect roles. This widened pool of eligible leaders gives NAIFA more choices when evaluating diverse, experienced, talented, and dedicated leaders to guide our association in the future. This amendment furthers the modernization of NAIFA’s governance structure as it continues to evolve as a nimble, flexible, professional association that is built to meet the needs of all financial security professionals serving Main Street USA.

To implement this amendment, Article XIV, Sections 4 and 6, are amended to add the words “or appointed” and “or NAIFA Treasurer” to the requirement that candidates for the offices of Secretary or President-Elect must have “previously been elected to at least one term as a NAIFA Trustee” so that the provisions each provide that such candidates must have “previously been elected or appointed to at least one term as a NAIFA Trustee or NAIFA Treasurer.” (underscored language added)