We, the members of the MBA Finance Association, do hereby establish this Constitution in order that our purpose is realized to its fullest extent.

The name of the organization is the Robert H. Smith School of Business MBA Finance Association, henceforth referred to as the MBA Finance Association or the Organization.

The MBA Finance Association is established for the express purpose of fostering interaction within the RH Smith Finance community and to promote professional development among all members.

In addition, the MBA Finance Association is established to:

1. Prepare MBA students to obtain employment in all areas of Finance,
2. Encourage and facilitate communication and social interaction among graduate students, faculty and administration in the R.H. Smith MBA program,
3. Promote and enhance the reputation of the R.H. Smith MBA program
4. Enhance the educational experience and development of all members.
5. The MBA Finance Association understands and is committed to fulfilling its responsibilities of abiding by University of Maryland policies.

Active membership shall be limited to persons officially connected with the MBA program at the R. H. Smith School of Business as students, alumni or faculty. Students enrolled on a part-time or full-time basis in the fall, spring, or summer semesters are eligible for membership. The MBA Finance Association openly admits students to its membership and does not discriminate on the basis of race, color, creed, nationality, or gender.

The MBA Finance Association will be governed by the following officers:

1. Co-Presidents. One of the two elected Co-Presidents will preside over all meetings of MBA Finance Association. The Presidents shall present all motions to the body present, and shall be present at no less than 75 percent of all meetings of the Organization. The President shall attend necessary Robert H. Smith School of Business MBA Association meetings and functions as determined by the organization. The Co-Presidents will be elected during the spring semester of each academic year. In addition, the Co-Presidents will manage the organization’s email list distributions and organizational communications.
2. Vice-Presidents. Two to five elected Vice Presidents who shall assist the Co-Presidents in all activities. In addition, they may be asked to manage the organization’s member database, organize communications, and help organize events, or communicate with OCM and OER. The Vice Presidents will be elected during the spring semester of each academic year.
   1. Vice-President Special Events: This position is responsible for coordinating all special events from social to career development.
   2. Vice-President External Relations: This position is responsible for managing the relationship with the Office of External Relations and alumni.
   3. Vice-President Career Development: This position is responsible for coordinating all job preparation events including resume building and interview workshops.
   4. Vice-President Competitions: This position is responsible for coordinating all external and internal competitions. That includes managing relationships with Finance Association members from other schools.
   5. Vice-President IT: This position is responsible for maintaining the association’s website as well as designing flyers for various events.
3. Vice President/Treasurer. The Vice President of Finance/Budget or Treasurer duties will be to handle timely all dues and accounts. In addition, the Vice President of Finance/Budget will be responsible for presenting the Financial State of the MBA Finance Association to the Executive Committee as asked and for updating the MBA Finance Association financial guidelines annually as well as working with MBAA and the Co-Presidents during the annual budgeting process to set up a budget. The Vice President of Finance/Budget will be elected during the spring semester of each academic year.

1. Voting Eligibility

   Those members meeting all requirements of active membership as set forth in Article III shall be granted voting privileges in elections.

2. Election Process

   All officers shall be elected by a majority vote of the eligible voting members of the Organization. All elections will be held on an annual basis with all officers elected in February. All voting shall be done by secret, electronic ballot.

3. Removal of Officers

   Any officer of the MBA Finance Association in violation of the Organization’s purpose or Constitution may be removed from office by the following process:

   1. A written request by at least three members of the Organization.
   2. Written notification of the request to the officer in question, asking the officer to be present at the next meeting and to be prepared to offer a verbal explanation to any members who choose to attend.
   3. If members at the meeting choose to move forward, a two-thirds (2/3) majority vote of the membership is necessary to remove the officer.

4. Organization Meetings

   All meetings will occur as needed at a time and place selected by the Organization. The time and place of said meetings shall be accessible to all Organization members. Meetings shall follow an agenda set by the Co-Presidents.

   Communications regarding the announcement of all meetings shall be the responsibility of the Co-Presidents.

5. Executive Committee Meetings

The MBA Finance Association will finance the activities it engages in through the following means:

1. MPO funds.
2. MBAA funds.
3. OCM funds.
4. OER funds.
5. Fundraising activities and sponsorships in accordance with all University of Maryland policies.

This Constitution is binding to all members of the MBA Finance Association. However, the Constitution is not binding unto itself. Changes to the Constitution require the following steps:

1. Amendments to the Constitution may be proposed in writing by a voting member of the MBA Finance Association at any meeting at which over two-thirds (2/3) of the voting members are present.
2. These amendments will be placed on the agenda for the next regular meeting of the Executive Committee, where they will be reviewed.
3. The amendments will then be proposed to the entire Organization membership. They will become effective following approval of a two-thirds majority of a quorum. A quorum shall consist of twenty five percent (25%) or more of the total membership.

The MBA Finance Association will apply to the Office of Campus Programs for registration on an annual basis one month after MBA Finance Association’s new officer elections. Responsibility for submitting the said Registration Renewal lies with the Co-Presidents.