ASM Finance and Investment Association Constitution

As of 10 February 2007

Article I. Official Name: The Anderson Schools of Management Finance and Investment Association
(ASM FIA). Charted as such by the University of New Mexico 28 April 2006.

Article II. Purpose of the Organization:

a. Promote understanding of the workings of finance
1. Assist student learning of finance
2. Provide tutoring on finance concepts and skills
3. Develop expertise in finance concepts and skills through tutoring other students
4. Sponsor lectures and seminars on advanced finance and related topics
b. Career Planning & Placement
1. Gather and disseminate information on finance employment opportunities
2. Monitor job market need for finance professionals
3. Establish a prospective employer network of finance professionals
4. Maintain and make available student resumes to prospective employers
5. Provide insight on finance workplace responsibilities and activities and finance career
progression
6. Provide opportunities for members to associate with practicing finance professionals.
c. Assist in personal financial and investment by providing finance consulting assistance to
students and the community
d. Assist in professional financing activities by provide finance consulting assistance to the
local businesses and civic/charity organizations

Article III. Membership:

a. Neither membership in nor services provided by this organization will be denied to anyone
on the basis of race, color, religion, national origin, physical or mental handicap, age, gender, sexual
preference, ancestry or medical condition.
b. Specific membership requirements shall be specified in the association bylaws.
c. This organization may change membership requirements or establish additional requirements
upon 2/3 majority vote providing such changes are consistent with Article III a.

Article IV. Officers:

a. Qualification: Be a member in good standing of the ASM FIA
b. Terms of Office: As stated in the FIA bylaws
c. Officers shall be elected at the beginning of each semester in accordance with election
procedures specified in FIA bylaws.
d. The association shall have the power to remove an officer for continued absence or failure to
administer appointed duties in accordance with procedures described in the FIA bylaws.
e. Duties and Responsibilities: As stated in the FIA by-laws
Article V. Faculty Advisor: Serves as the academic and administrative advisor to the ASM FIA to
ensure the association’s compliance with all relevant UNM and ASM provisions and regulations. The
Faculty Advisor also acts as a liaison between the association and ASM. The Faculty Advisor is
appointed by the Chair of the Finance, International and Management of Technology Department,
ASM and serves indefinitely at the discretion of the department chair.

Article VI. Committees: Members may form committees for various purposes in accordance with
provisions specified in the FIA bylaws.

Article VII. Quorum: Two-thirds of registered FIA members constitute a quorum for the purpose of
electing officers, removing officers, expelling members, amending the association constitution and
amending bylaws. A simple majority of registered FIA members is sufficient for the approval of all
other matters.

Article VIII. Legislation: All laws and rules governing the FIA are addressed in the bylaws.

Article IX. Amendments:

a. Procedure: Quorum requirements are as specified in Article VII. Voting on any proposed
amendment will be conducted as specified in the FIA bylaws.
b. Approved Amendments Since Inception: None

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ASM Finance and Investment Association By-Laws As of 10 February 2007

These Bylaws shall not contradict the provisions of the ASM FIA Constitution

A. Membership: a member must….

1. be officially registered as a full or part-time student at the University of New Mexico.
2. have an interest in the subject of finance.
3. be willing to help others learn about the subject of finance
4. must be willing to participate in FIA functions.
a) attend at least 3/4 of scheduled FIA functions (this refers to FIA events that are in
addition to officer meetings).
c) serve at least one hour per month as a volunteer tutor in the ASM FIT/FIA Finance
Lab, if qualified to serve.
5. not undermine or otherwise intentionally hinder the efforts of the FIA.
Failure to meet the above requirements will result in revocation of FIA membership.

B. Dues: None

C. General Membership Meetings:

1. Periodic Meetings: Meetings to conduct routine association activities shall be held once a
month with time and location to be announced at least one week in advance. Each such event will be
preceded by a an officer meeting to prepare an agenda and to ensure all information required for
sufficient understanding of issues is gathered and properly prepared for dissemination prior to or
during the monthly meeting.
2. Special Meetings: The Faculty Advisor or FIA president may call special meetings as
necessary to address extraordinary issues requiring immediate resolution.

D. Election of Officers: An election to select officers will be conducted at the beginning of each
semester with exact time and place to be determined by the executive board at least two weeks prior to
the event. All members wishing to be considered for an officer position must announce such intentions
to the executive board at least two weeks prior to the election.

E. Expulsion of Officers: an officer for continued absence or failure to administer the duties of his
office properly by a two-thirds vote of the membership and elect other members to fill the vacancy thus
created.

F. Officer Duties and Responsibilities:

1. The Chief Executive Officer presides over and conducts meetings of the association and the
executive board in accordance with accepted parliamentary procedures (see below); appoints
committees and approves the establishment of subcommittees; acts as a liaison between the association
and the executive board; is responsible for proper communication with faculty advisor and executive
board members regarding association and executive board activities; coordinates and guides the efforts
of all association officers in to ensure compliance with all pertinent UNM and ASM provisions and
FIA bylaws; and guides the association towards fulfillment of stated goals and objectives.
2. The Deputy Chief Executive Officer assists the CEO as required and serves as the CEO in
his/her absence.
3. The Chief Executive Officer for Operations monitors all FIA activities; prepares the
agenda for each association and executive board meeting; plans and supervises execution of all

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association activities and communicates plans and instructions to all participating association
members.
4. The Chief Executive Officer for Communications and Records monitors all FIA
activities; records the conduct (minutes) of each association and executive board meeting; manages all
association and executive board correspondences and documents; notifies all association and/or
executive board members of upcoming meetings and other activities; presents the minutes of previous
executive board and association meetings; maintain a registry listing all active member pertinent
information.
5. The Chief Financial Officer receives, accounts for and secures all funds received by the
FIA; pays out funds as authorized by the association; protects the financial reputation of the
association by ensuring all financial obligations are promptly disbursed; prepares monthly reports of
treasury activity for presentation at executive board meetings; prepares quarterly and annual financial
statements; arranges for the financial statement audit; prepares the chapter's tax returns and maintains
all other required financial records.
6. The Chief Executive Officer for Marketing plans, coordinates and executes all promotional
activities.
7. The Chief Executive Officer for Internet Communications shall maintain and manage the
FIA website and post all information as directed by the Chief Executive Officer for Communications
and Records.

G. Committees:
1. Provisions: Committees may be formed for planning and operational purposes. Membership
requirements and duties may be proposed by any member and shall be approved by majority consent of
the membership.
2. Existing Committees:
a. The Executive Steering Committee: Comprised of the CEO, Deputy CEO, CEO for
Operations, CEO for Information and Record and the Faculty Advisor for the purpose of proposing
goals, objectives and operations and for supervising all association activities.

H. Parliamentary Procedures: Proposal, discussion and vote approval of all matters pertinent to the
FIA shall be IAW Robert’s Rules of Order-Newly Revised. Such matters include but are not limited
to: amendments to the constitution and bylaws, election of officers, expulsion of members, removal of
officers, collection and disbursements of funds and non-routine association functions and events.