Society for the Study of Emerging Markets

Constitution

Constitution

BY-LAWS OF THE SOCIETY FOR THE STUDY OF EMERGING MARKETSName. The name of the organization shall be Society for the Study of Emerging Markets Inc. (SSEM).

  1. Purpose. The purpose of the Society is to promote scholarly exchange among persons interested in emerging market economies, economic development and economic growth and to further the growth of systematic knowledge in this area by facilitating research, instruction, and publication.
  2. Membership. Any person sharing the stated goal of the organization may become and remain a member by paying the annual dues.
  3. Organization. The activities of the Society shall be directed by an Executive Committee consisting of a President and the Board of Directors. The Board of Directors shall consist of the following:
    1.  Elected Directors. Elected Directors shall be elected by the members of the Society for a term of three years. Directors must be members of the Society. Directors may be reelected. The number of Elected Directors shall not be less than two (2) if the membership of the Society is less than 300 and no less than five (5) if the Society has more than 300 members. In no case may the number of Elected Directors be less than twice the number of Distinguished Directors.
    2. Distinguished Directors. Upon nomination by the Managing Director, and with their written consent, persons who have achieved international renown for their research, teaching and publication on the economies of emerging markets may be elected to serve as Distinguished Directors of the Society.
    3. The Managing Director of the Society.
    4. The Editor(s) of the Society’s journal(s) shall be ex officio (non-voting) members of the Board.
  4. Elected Directors and the President shall be elected by the membership, the President for a one year term (with re-election possible) and the Elected Directors for three year terms (with re-election possible). The Managing Director shall be appointed by the elected officers, and shall hold office at their pleasure. The Executive Committee shall organize itself and conduct the business of the Society in accordance with the By-Laws.
  5. Meetings. A general membership meeting shall be held at the annual meeting of the Allied Social Sciences Association to hear reports of the officers and to act on business before the Society. At these meetings a minimum of forty members present is required to approve actions. The Society may also sponsor or co-sponsor other meetings where its members can meet for scholarly exchange and to present the results of their research.
  6.  Amendment Procedure. A proposal for amendment of the By-Laws may be made at by any member at the annual meeting. If approved by a majority vote of the members present and constituting a quorum, it shall be submitted within three months to a vote by mail of all members. Proposals for amendment of these By-Laws may also be made by 2 the Executive Committee, or by a petition signed by at least ten members. Such proposals shall be distributed to the membership within three months for a vote by mail. A favorable two-thirds vote of all members voting shall be sufficient for ratification and adoption.
  7. Membership. A person may become a member of the Society by so requesting in a letter to the Managing Director. A member may withdraw by informing the Managing Director in writing that he no longer wishes to be a member.
  8. Rights and obligations of members. All members shall have the right to participate in the activities of the Society and in the election of Officers. Membership involves no obligation other than the payment of annual dues. The Executive Committee shall establish the amount of the annual dues.
  9.  Duties of Officers. The President shall be the principal executive officer responsible for carrying out the actions decided on by the membership and Executive Committee. The Managing Director shall perform the duties of secretary and treasurer under the direction of the Executive Committee and conduct the day-to-day business of the Society.
  10. Election Procedure.
    1. At least three months before the annual membership meeting, the Executive Committee shall submit by mail or email a panel of one or two names each for the position of President and two to four candidates for the position of each of the Elected Directors whose terms are about to expire.
    2. Members may require the Executive Committee to add to the panel names of other candidates for these positions by submitting to the Managing Director a petition of nomination signed by five members of the Society and accompanied by a statement that the nominee has indicated his willingness to serve. Such petition must be submitted no later than November 1st.
    3. On November 15th, an election shall be conducted by mail or through the Society’s web site. The candidate receiving the largest number of votes for President, and the candidates up to the number of vacancies among the Elected Directors receiving the largest number of votes for the position of Director will be declared elected. In the event of ties, the Executive Committee shall choose one of the tying candidates for the vacant position.
    4. The results of the election shall be announced at the annual membership meeting and the new Executive Committee shall take office immediately following the meeting.
  11.  Replacement of Officers. If any member of the Executive Committee shall resign, die or become incapacitated, the Executive Committee shall elect a replacement to serve until the next regularly scheduled election.
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Emerging Markets Annual Conference