Article I

 

The name of this club is the Brock Finance and Investment Group, referred to herein as the 'Group'.

Article II

 

The purpose of the Group is to encourage learning and involvement in finance related topics, which includes the management of an investment portfolio, guest speakers, attending conferences & competitions, as well as providing enhanced networking opportunities.

Article III

 

Membership

 

  1. Membership is open to everyone. The Group must contain at least 80% Brock students (including undergraduate and graduate).
     
  2. Only Brock students are eligible to be elected as officers and to hold voting privileges.
     
  3. Associate non-voting memberships may be allowed for non-students. Portfolio shareholders can vote at shareholder meetings affecting portfolio decisions.

Article IV

 

Executive

 

2010-11 Executive Team

Title

Name

President

Eric Hu Ba

Vice President

Kyle Reid & Tyler Stark

Chairman

TBD

Chief Marketing Officer

Nick Chrzan

Chief Portfolio Analysts

TBD

Chief Sector Analyst

Wes Cutting
Journalist
Nick Chrzan

Chief Technology Officer

Tyler Stark

 

Article V

 

Duties of the Executive Team

President:

This person is responsible for the management of BFIG and ensuring all executive members are sustaining and progressing their roles.

Vice President:

This person assists the president with any organizational and management duties.

Chairman:

This person is responsible logistical aspects of the club. Ensuring smooth and efficietn communcations between all executive members, club members, faculty of Brock, and anyone else involved in BFIG's network.

Chief Porfolio Analyst:

This person is responsible for explaining to BFIG members exactly what is going on with the stocks in our portfolio and also provide insight into the global economy. This position also entails a strong sense of techinical analysis, to be able to point to points where BFIG should be consider taking action.

Chief Sector Analyst:

This person works in close contact with the sector analysts to assist and aide in devloping monthly and/or weekly reports for each sector. This requires knowledge of the many sectors and markets in order to faciloiate smooth lines of communication.

Chief Marketing Officer:

This person is responsible for all marketing aspects of BFIG. Any poster design, advertising and/or web configuration, go through the CMO. The CMO's responsibilities also include integrating all levels of communication in order to showcase BFIG's consistent and progressive direction.

Sector Analyst:

These people are responsible for providing regular updates on sectors within the market. As there are many different sectors, there can be more than a few sector analysts. Sector Analysts work closely with both the Chief Sector Anlayst and the CIO. Becoming a sector analyst is a great way to educate both yourself and other members of developments in the marketplace. It is also a great stepping stone to becoming a member of the executive team. Sector analysts must demonstrate initiaitve, motivation, a desire to learn, and the ability work as part of an exciting team !

 

 

 

 

 

Article VI

 

Meetings of the whole Group will occur at least 4 times a semester.

 

 

Article VII

 

Elections will be held during the last meeting of the school year.

 

 

Article VIII

 

Amendments to the constitution are not effective unless approved by a 2 / 3 vote of the voting members of the Group at the general meeting.

 

 

Article IX

 

The Brock Finance and Investment Group is not an agent or representative of the Brock University Student Union Inc. nor of Brock University . Its views and actions in no way represent BUSU or the University. Further, the executive of the Group are exclusive agents of the Group. The portfolio of the Group will be in the name of the Group and not in the name of the executives.

 

 

Article X

 

The Group has a $10 membership fee. Members and investors are able to invest in the investment portfolio at the market rate in September and for the rest of the school year. Portfolio traders are able to sell shares during the year, but must inform the Group of transactions so that it can be registered and a new share issued to the new owner.
ALL CLUB MEMBERS ACKNOWLEDGE THAT MONEY COULD BE LOST OR PROFIT MADE.

 

 

Article XI

 

The Meeting Schedule

 

  1. The meeting will be chaired by the President and will outline the agenda for the meeting. A recap of the previous meeting will be given.
       
  2. The Chief Portfolio Analyst will report on how the portfolio is performing.
     
  3. The President will then work through the agenda as set out at the beginning of the meeting.
     
  4. Motions are then made on the agenda and seconded. The motions are then voted on as described in the voting section.
     
  5. After motions are discussed about the issues brought up by the executive, the floor is open to any member who wants to discuss an issue or bring forth motions.
     
  6. To end a meeting a motion to close the meeting must be brought forth, and seconded.
  7. Minutes will be taken by the secretary or an executive member in lieu of a secretary, and emailed to all members before the next meeting.

 

 

 

Article XII

 

Voting

 

  1. Issues pertaining to the normal operation of the Group can be voted by all Brock students who are members of the Group. Each member is entitled to one vote.
     
  2. Issues that influence the trade and operation of the investment portfolio are made according to the number of shares an individual holds in the portfolio. If a shareholder is not able to attend any given meeting, they can provide a written and signed proxy to be given to the secretary. The proxy statement will state who is giving and receiving proxy, the date, and the number of shares being proxied.
     
  3. When voting on stock selection, 50% + 1 of the share votes must agree upon the selected stock before it becomes part of the portfolio.
     
  4. A member can have no more than 25% of the vote on portfolio issues, but may hold 25% or more of the shares.
  5. The onus is on members to show up at the meeting or proxy their votes accordingly. Members must show an interest in group events in order for the group to succeed.
  6. At certain times voting will be conducted over the Group's website, www.brockfinance.com . Voting will be open for a minimum of 24 hours from the time of announcement.

 

 

Article XIII

 

April Portfolio Liquidation

 

  1. Those wishing to redeem their shares in April will receive the market value, less commission (if any), of their shares no more than 5 working days after the elected redemption date. This redemption date will be no later than the last day of classes.
     
  2. The executives are empowered to sell a security in the portfolio for the purpose of locking in profits or to prevent a material loss, if any remain during the summer months -- May 1st to September 1st. The executives need to have an 80% majority to agree on the sale, meaning that 5 out of 6 executives must agree to the sale.

 

 

Article XIV

 

Stock Trades and Purchases

 

  1. During the year members' investments will not be redeemed through the Club. However, the executives will assist members in finding new investors to purchase their shares from them. If this is not possible the Treasury will purchase the shares in the name of the Group from the individual at a 15% discount to the market price. Any transfer has to be registered with the Group so that the Group can issue shares in the name of the new owner, and cancel the shares of the seller.

 

 

Article XV

 

Presentations

 

  1. Throughout the year presentations on new investment opportunities will be made by members. Members not familiar with presentations are highly encouraged to do one. Every effort will be made by the executive to assist members in preparing a presentation (ie. researching, analyzing, summarizing).
     
  2. Members doing presentations must post what stock(s) they are presenting at least 48 hours in advance of the next meeting.
     
  3. The analysis must include a trend of the investment over the past year minimum (unless its a new or recent issue), industry trends, competitors, prospects for the company, what asset it should replace in the portfolio (if any), and any other pertinent information that may affect the value of the shares as well as the sources of the information used.

 

 

Article XVI

 

 

 
  1. The Chairman does not vote for decisions, except in instances of a tie.
  2. The Board will meet once per semester.
  3. Quorum is 5 of 7 voting members.