Finance Committee Report, Spring 2011

Report from the Finance Committee

ACS Division of Chemical Education

Report to the CHED Executive Committee, Anaheim, CA Spring 2011

Finance Committee (Mark Freilich, Arlene Russell, Anna Wilson, Chris Bauer, Sue Nurrenbern)

Guests: Norb Pienta, Jon Holmes, Tom Holme, Stacey Lowery-Bretz

The Finance Committee(met at the Biennial Conference in Summer 2010 to discuss investment strategies for the Division, Examinations Institute and Journal of Chemical Education. This meeting was in large part a response to the fact that we would no longer be able to participate in the ACS investment pool.

Each of the three entities [CHED, EI, JCE] will continue working with the investment agencies that have been used in the past.

The Finance Committee responded to a request by the Exams Institute that it be officially represented on the Finance Committee by appointing the Chair of the Exams Institute Board of Directors to the Finance Committee. The Finance Committee agrees with this request.

The Finance Committee Mark Freilich, Arlene Russell, Anna Wilson, Chris Bauer, Sue Nurrenbern) Mark Freilich, Arlene Russell, Anna Wilson, Chris Bauer, Sue Nurrenbern) also recommends that a representative of the Journal of Chemical Education Board of Publication, preferably its treasurer, be officially appointed as a member of the Finance Committee.

The Finance Committee requests that the CHED Executive Committee formally approve the membership on the CHED Finance Committee to include (1) a representative +from the Exams Institute Board of Directors, preferably the Chair of the Board of Directors, and (2) a representative from the Journal of Chemical Education Board of Publication, preferably the treasurer of the Board of Publication.

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