Constitution

Towson University Wall Street Investors' Investment Club

 

PREAMBLE: To establish an organization in which the highly motivated students of Towson University may pursue investment knowledge and experience through the analysis and management of monetary assets.

 

ARTICLE I

Section 1. The name of the organization shall be Wall Street Investors' Investment Club of Towson University.

 

ARTICLE II

Section 1. All executive power shall be invested in the Executive Board

Section 2. The Executive Board will be composed of two Co-Presidents, the Portfolio Manager, Assistant Portfolio Manager, one Treasurer, one Director of Communications, and one Junior Portfolio Manager (when deemed necessary by the Executive board).

Section 3. Excluding Presidents, all Executive Board members are selected by the entire organization on a secret ballot basis.

Section 4. While responsibilities of Executive Board members may differ, everyone within the Executive Board has equal voting privileges.

Section 5. Faculty advisors from the Finance department shall provide assistance, when requested, to students of Wall Street Investors' Investment Club.

Section 6. Any full time, fee paying, undergraduate students enrolled at Towson University holding at least a 2.0 cumulative GPA are eligible for participation in the Wall Street Investors Investment Club.

 

ARTICLE III

Section 1. The Executive Board shall be split into two constituents, one presiding over the club as a social and educational organization, the other presiding over the club as a financial organization.

  1. The Portfolio Management Team consists of a Portfolio Manager, an Assistant   Portfolio Manager, and if deemed necessary, a Junior Portfolio Manager.

  • The Portfolio Manager is responsible for organizing and maintaining data  pertinent to the clubs investments. This will include all activity of current holdings and transactions made.

  • The Assistant Portfolio Manager will assist the Portfolio Manager in his duties.

  • The Junior Portfolio Manager will be necessary if the current Portfolio Manager will no longer be able to continue their work as Portfolio Manager. Members of the organization on a secret ballot basis will elect the Junior Portfolio Manager. The elected person will assist the Portfolio Management team in all duties, and in the process of doing so; will learn the procedure of being a Portfolio Manager.

  1. The remaining members of the Executive Board shall be responsible for presiding over the club as a social and educational organization.

  • The Co-Presidents will be in charge of aspects of the organization pertaining to social events and public relations. They will oversee performance of the Executive board, while regularly communicating with all members of the club and other committees. The Co-Presidents also act as coordinators for semester trips and events.

  • The Treasurer will be in charge of managing and maintaining the WiiC general account with the Student Government Association.  The Treasurer will also deposit incoming cash flows into the general account.

  • The Director of Communications will be in charge of publishing weekly minutes and sending the minutes to all members within 24 hours of every meeting. The Director of Communications will also communicate with College of Business and Economics students and faculty.

Section 2. Elections are held to fulfill vacancies which will exist during the next semester.  The Co-President and Portfolio Manager will not be elected positions.  The Co-Presidents will be appointed by the Executive Board and the Portfolio Manager position will be filled by the Junior Portfolio Manager.  All other Executive Board positions will be elected by a secret ballot vote of the organization’s members within two months of the beginning of the semester before the vacancy will exist. 

Section 3. Executive Board members may be impeached from their position for failing to fulfill the duties and responsibilities of their position or behavior which is detrimental to the organization.  Any member of the Executive Board may initiate removal proceedings, and the charges would be discussed at the next Executive Board meeting.  The Executive Board member shall be removed by a 2/3 vote of the other members of the Executive Board on a secret ballot basis. 

Section 4. In the case of vacancies of an executive board position during a semester, the following procedure will be followed. In the case of a vacancy:

  • A Co-President will be replaced by another Co-President, and the vacant position will be filled during the next election or earlier if deemed by necessary by the executive board.

  • The Portfolio Manager will be replaced by the Assistant Portfolio Manager.

  • The Assistant Portfolio Manager would be replaced by the Junior Portfolio Manager. If a Junior Portfolio Manager is not present during this time, a replacement for the Assistant Portfolio Manager position will be decided by the Executive Board.

  • Vacancies of all other positions will be decided by the Executive Board.

Section 5. Unless otherwise noted, elections will be held on the first Tuesday of every April.

Section 6. In the unlikely event of a tie, the position will be filled by a member of the executive board’s collective choosing.

 

Article IV

Section 1. The Wall Street Investors' Investment Club will hold weekly meetings on Tuesday evenings at 6 PM, beginning the second week of classes each semester. Meetings will last for two hours.

Section 2. Emergency meetings can be called with all members if at anytime to discuss a time-sensitive issue.  When possible, members will be notified at least 24 hours in advance of emergency meetings.  

Section 3. Meetings will typically begin with a presentation on the current state of the market, and re-cap of the past weeks financial developments by a member of the club; these will be referred to as the “Market Update.” 

Section 4. Members will regularly present their analysis on individual securities at the weekly meetings.  These individual securities will be chosen from the sectors or industries which the Portfolio Management Team considers appropriate.  Members will present their analysis of stocks which they have researched using the Stock Study Worksheet to the other members of WiiC.  All members will then vote on whether or not to purchase one of the stocks, and if so, which one.  When a security has been chosen for purchase by WiiC, the Portfolio Manager will place the order for the trade within three business days unless dictated otherwise by market conditions. 

 

Article V

The Executive Board will review the constitution every year at the end of the spring semester.  The constitution may be ratified and adopted by a 2/3 vote of the Executive Board. 



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