Organizational Structure

Members of the Council

Membership in the Council is open to firms that originate, execute, clear, or settle securities transactions.  To become a member, a firm must pay dues according to the Schedule of Dues and other Fees.  Other firms may become affiliates of the Council on payment of the appropriate affiliation fee.  Each member firm may cast one vote at the annual meeting of Council membership, and at any special membership meeting.  (Council general meetings are usually not membership meetings.)   Apart from voting at membership meetings, members and affiliates participate equally in all activities of the Council. 

Directors

Directors are elected by the general membership. Directors are elected personally, not as representatives of their employers or organization affiliation. Any person whose character, knowledge, and judgement are appropriate to the oversight responsibilities of a director may be nominated and elected.

Steering Committee

The Steering Committee is made up of the officers of the Council, Focus Group chairs, and other members appointed by the Directors.

Officers of the Council

President, Vice President(s), Secretary, and Treasurer of the Council are chosen by the Board of Directors. Officers may be employees of member or affiliate organizations, or others who can contribute to the success of the Council in achieving its mission.  

Focus Groups

Focus groups may be formed to address specific issues related to the goals and mission of the Council. Focus Groups may be formed by majority vote of either the Directors or the Steering Committee.