Global CERA Treaty

[Jon Evans]

Originally Posted by campbell

What are procedures to get non-nominating board candidates on the ballot[s]?

We know how to do it for the Academy [for now, at least], curious about CAS and SOA.

On the CAS side:

http://www.casact.org/about/governance/elections/

1% of FCASs (less than 40) signing a petition are necessary for Board candidates and 2% are needed for President-Elect candidates.

The 2010 petition form has not yet been released and it has been hard to get info this week because the CAS Annual Meeting has been going on in Boston.

[JMO]

Originally Posted by campbell

Maybe I should've be more specific - it's not merely the passage of time that will fix this. It will take some amount of effort... and it's not merely going to be changing one group of people for another.

The biggest part of the effort will be actually recognizing what mistakes were made and admitting them. When (if) they do that, rebuilding trust can begin.

But as long as they stay in denial about it, another 20 years might not be long enough, even with regular turnover.

OK, maybe turnover will give us a group that is willing to admit the mistakes of their predecessors. But will their admission of (transferred) guilt be credible enough?

[Jon Evans]

Originally Posted by bdschobel

Starting in 2010, the SOA is paying IAA dues for all ASAs (and CERAs who are members), bringing its total number of FQAs to more than 21,000.

Bruce

Bruce, Mary Frances claimed that the US and Canada pay just over 40% of IAA dues in an earlier post:

http://www.actuarialoutpost.com/actu...8&postcount=30

This seems low and I think other people have posted estimates of 50% - 60%. Do you know any more about the real number ?

And doesn't it still hold true that the percentage of IAA votes going to the US and Canada are dramatically lower ?

[bdschobel]

Originally Posted by campbell

What are procedures to get non-nominating board candidates on the ballot[s]? We know how to do it for the Academy [for now, at least], curious about CAS and SOA.

I don't believe that it's possible to get candidates onto the SOA Board ballot without Nominating Committee approval.

Bruce

[campbell]

Originally Posted by bdschobel

I don't believe that it's possible to get candidates onto the SOA Board ballot without Nominating Committee approval.

Bruce

Can names be submitted to the nominating committee by anybody? Who is submitting names to them?

[bdschobel]

Originally Posted by Jon Evans

Bruce, Mary Frances claimed that the US and Canada pay just over 40% of IAA dues in an earlier post:

http://www.actuarialoutpost.com/actu...8&postcount=30

This seems low and I think other people have posted estimates of 50% - 60%. Do you know any more about the real number ?

And doesn't it still hold true that the percentage of IAA votes going to the US and Canada are dramatically lower ?

You're right. One can debate how to do the counting, but my method is to take people who are members of the SOA and CAS and add up all the IAA dues paid on their behalf (from all the organizations to which they belong). Some approximations must be made, but figures like 55-60% of the total are easily determined. MFM's 40% figure is way too low; I'm not sure where she got it.

Anyway, the SOA's decision to pay dues on behalf of Associates starting in 2010 will raise the percentage quite a bit more, considering that SOA has something close to 9000 such members. Note that many of them were already (indirectly) paying dues through such organizations as the AAA, but the additional dues from SOA will exceed 10% of the IAA's total dues revenue.

When the "new" IAA was created about a decade ago, the U.S.- and Canada-based organizations had something close to 30% of the vote. That provided an effective veto of major changes, which require 80% approval. As new organizations joined the IAA, several per year, they got additional votes, and the North American percentage continually declined. It is now something like 16%, below the 20% effective veto level. Another way to look at this is that the voting percentage is something like 30% of the budget percentage. Much like the United Nations, as has been pointed out previously.

Bruce

[bdschobel]

Originally Posted by campbell

Can names be submitted to the nominating committee by anybody? Who is submitting names to them?

Most people submit their own names, but anybody can submit names. The people are then asked if they are willing and able to serve.

Bruce

[Darkness Falls]

Originally Posted by Jon Evans

Bruce, Mary Frances claimed that the US and Canada pay just over 40% of IAA dues in an earlier post:

http://www.actuarialoutpost.com/actu...8&postcount=30

This seems low and I think other people have posted estimates of 50% - 60%. Do you know any more about the real number ?

And doesn't it still hold true that the percentage of IAA votes going to the US and Canada are dramatically lower ?

Yup the sum of all the US organizations + CIA = 20 votes
Total = 125 so 16%


http://www.actuaries.org/CTTEES_TFSP..._Responses.pdf


Something needs to be fixed here. The NA organizations don't necessarily need representation proportional to their # of members + finances provided, but they should have at least 40% of the votes.

[Jon Evans]

Originally Posted by bdschobel

...Some approximations must be made, but figures like 55-60% of the total are easily determined. MFM's 40% figure is way too low; ...

.... but the additional dues from SOA will exceed 10% of the IAA's total dues revenue.

....As new organizations joined the IAA, several per year, they got additional votes, and the North American percentage continually declined. It is now something like 16%, below the 20% effective veto level. Another ....

Bruce

How wonderful. North American societies will be paying >65% of the global budget, getting <20% of the votes, and the other 80% of the votes will probably back new initiatives every year to undercut the NA societies. It really is the UN for actuaries.

[JMO]

Originally Posted by campbell

Can names be submitted to the nominating committee by anybody? Who is submitting names to them?

I seem to recall that there is usually an e-mail begging for volunteers.

ETA - what Bruce said.