Comments on these proposed revisions to Section 13.04 of the Regents’ Bylaws should be directed by Sept. 21 to the Office of the General Counsel, 4020 Fleming Administration Building 1340, telephone 764-0304.
Proposed Revisions of Regents’ Bylaws Section 13.04. (Proposed additions are in bold, deletions are struck out.)
Section 13.04 University of Michigan Alumni Association
The Alumni Association of the University of Michigan shall be an independent and self-governing body governed by a board of directors to be selected in accordance with the bylaws of the association. Between meetings of the board of directors, the affairs of the association shall be in the charge of an executive committee which shall consist of the president of the association and at least four other members of the board of directors, to be elected annually by the board of directors. The executive committee shall exercise the powers of the board of directors while the board is not in session, and shall exercise such other powers as are herein conferred upon it, or may from time to time be delegated by the board of directors
The Business and Financial Affairs Budget and Finance Committee shall consist of the president of the Alumni Association, ex officio; the treasurer of the association, ex officio; the president of the University, ex officio; the vice president for development and communication, ex officio; the vice president and chief financial officer, ex officio; two directors of the association; one member of the administrative staff of the University and two members of the faculty of the University, these last three of whom shall be alumni, to be elected by the board of directors annually, subject to confirmation of the Regents. The Business and Financial Affairs Budget and Finance Committee shall approve prepare the budget of the association and thereby authorize expenditures and shall secure an audit of the books and the accounts of the association and the treasurer thereof.
The treasurer of the association shall be elected by the board of directors for a term of two years and shall be an alumnus of the University. The treasurer shall supervise the accounts of the association and control its monies or funds held in trust by it, and shall make such disbursements and such reports showing the financial condition of the association as may be required by the board of directors or the Business and Financial Affairs Budget and Finance Committee. The treasurer shall exercise the usual powers of the office of treasurer, shall furnish adequate bond, and shall perform such other duties as may be delegated to the treasurer by the Business and Financial Affairs Budget and Finance Committee.
