The Board of Trustees of the Omicron Delta Kappa Society and Educational Foundation have five governing committees. They are described below.
There is a standing Development Committee of at least seven members. The members of the committee are appointed by the Board Chair to serve for a term of one year. The Development Committee Chair is appointed by the Board Chair. Non-Trustees may serve on the committee, but the majority of the committee shall be composed of Trustees.
The Development Committee has two subcommittees which will be charged with establishing the following:
- An annual giving subcommittee which takes a leadership role in Trustee solicitation, recruiting a chair for the annual fund campaign, and assisting the committee chair in securing annual gifts at a leadership level, and
- A major gifts and planned giving subcommittee which focuses on assisting with the identification, cultivation, and solicitation of major gift and planned giving prospects, and its work is coordinated with or folded in to any campaign the Society shall conduct.
There is a Finance Committee of at least five members including the National Treasurer who serves as chair. The other members of the committee are appointed by the Board Chair to serve for a term of one year. Non-Trustees may serve on the committee, but the majority of the committee shall be composed of Trustees.
The Finance Committee develops and recommends to the Board of Trustees those financial principles, plans, and courses of action that provide for mission accomplishment and organizational financial well-being. Consistent with this responsibility, it reviews the proposed annual budget and submit it to the Board for its approval. In addition, the committee makes recommendations with regard to the level and terms of indebtedness, cash management, risk management, financial monitoring and reports, employee benefit plans, signatory authority for expenditures, and other policies that the committee determines are advisable for effective financial management of the Society.
Specifically, the Finance Committee is charged with the following:
- Developing and monitoring the annual budget,
- Reviewing quarterly financial statements,
- Engaging and overseeing the Society’s auditor and receiving the auditor’s report,
- Ensuring that the Society has adequate risk protection for its Trustees and officers and comprehensive general liability insurance coverage, and
- Monitoring investment performance throughout the year and, if constituted, receiving advice from an investment subcommittee.
Governance and Trusteeship Committee
There is a Governance and Trusteeship Committee of at least five members chaired by the Board Chair-Elect. The other members of the committee shall be appointed by the Board Chair to serve for a term of one year. Non-Trustees may serve on the committee, but the majority of the committee shall be composed of Trustees.
The Governance and Trusteeship Committee is charged with the following:
- Identifying, educating, cultivating, recruiting, nominating, orienting, mentoring, and evaluating members of the Board of Trustees,
- Recommending a policy statement on the role and responsibilities of Trustees,
- Annually recommending the strategic goals and objectives for the Society in consultation with the officers and other standing committees, and
- Regularly reviewing the Society’s then current articles of incorporation and bylaws.
The Governance and Trusteeship Committee also provides oversight on matters pertaining to governance issues and processes including long-range planning. The committee examines how the Board of Trustees is functioning, how Board of Trustees members communicate, and whether the Board of Trustees is fulfilling its responsibilities and living up to the objectives and aspirations set for itself and the organization.
There is a standing Mission Committee. The members of the committee are appointed by the Board Chair to serve for a term of one year. The chair of the committee is the faculty and staff trustee serving in his or her second year on the Board. All faculty and staff trustees serve on the Mission Committee. Non-trustees may serve on the Mission Committee. The committee is charged to think strategically about matters related to extension to new campuses including those that serve underrepresented populations. In addition, the committee addresses the health and vitality of existing circles and their members and coordinate the annual review of the Omicron Delta Kappa Policies and Procedures Handbook. Furthermore, the committee maintains the standard of membership throughout the Society and review all applications from institutions for the establishment of a circle on their campus under the provisions of the Omicron Delta Kappa Policies and Procedures Handbook.
There is a standing Executive Committee chaired by the Board Chair. The Committee will be composed of the Board Chair, Chair-Elect/Governance and Trusteeship Committee Chair, Past Chair, National Student Vice Chair, National Treasurer/Finance Committee Chair, National Counsel, Mission Committee Chair, and Development Committee Chair. The Executive Committee has the authority to act for the Board of Trustees when necessary between meetings of the Board. The committee does not have the authority to amend the Society’s then current articles of incorporation or the bylaws. All actions taken by the committee is reported to the Board of Trustees within ten days of the meeting at which they were taken and shall be subject to review by the Board. The committee meets once a year for the purpose of evaluating the President/CEO’s performance in support of the Society. A formal written evaluation will be completed on an annual basis. The Executive Committee has two subcommittees: the Board Nominations Subcommittee and the Board Awards Subcommittee.
Individuals interested in serving on a governing committee of the Society should contact President and Chief Executive Officer Tara S. Singer ([email protected]).