Governance

The board will consist of 11 general members, the president of the Nittany Lion Fund, and a Smeal representative. The initial board will be appointed by Smeal and any subsequent additions will be decided upon through an application and election process.

The board members will serve a one-year term with the option to be re-elected up to two times (maximum of a three-year term).

Every year, three to five board members are expected to exit the board in an effort to invite additional members from the membership to the board. Members will be asked to complete a general application to be reviewed by the existing board. The board will vote members in by a simple majority vote.

The board will appoint four positions of service to assist in fulfilling the mission statement of the society:

Fundraising Chair: responsible for annual fundraising dinner and other events and activities to generate donations for the purposes of assisting the financing of the Trading Room and the Nittany Lion Fund.

Social Events Chair: responsible for all social events throughout the year.

Senior Alumni Relations Chair: responsible for interaction and communication with senior alumni and planning the senior alumni event.

Mentorship Chair: acts as a liaison between the Nittany Lion Fund and the board and is responsible for coordinating mentoring events with current students and members.

Responsibilities of board members:

• Attend and participate in scheduled board meetings. Meetings will be held at a minimum of two times each year (fall and spring) and will typically be held in New York, New York. The volunteer assumes expenses incurred when participating in alumni activities.
• Accept leadership and participatory roles in programs and activities as needed and work closely with the staff of the Smeal College of Business.
• Become a representative and spokesperson in the financial community for the Nittany Lion Fund, the Trading Room, the Smeal College of Business, and Penn State.
• Assist in mentorship programs with current students.
• Contribute financially to the Nittany Lion Fund and/or the Trading Room at the Smeal College of Business.