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2008 SOA Bylaws Vote Results–ASA Voting Rights
After several weeks of voting, the Fellows of the Society of Actuaries (SOA) have approved the adoption of a  Bylaws amendment to allow Associates who have been members of the SOA for five years or more to vote in elections for president elect, vice presidents and elected members of the Board of Directors.
"This is the third time since 1992 that this Bylaws change has been put to the Fellows for a vote, and it is a proud moment in our SOA history to recognize that our Fellows have voted affirmatively to make the SOA more inclusive," says President Bruce Schobel.
"Members holding the ASA (or CERA) designation for five years or more have proven their commitment to our profession and certainly possess the expertise and knowledge to help choose the SOA's leadership," states Schobel. "I am very pleased to have been president when this historic change occurred and consider it a major accomplishment of my term in office."
The new bylaws became effective upon certification of the vote. The bylaws change vote required a 25% participation rate from SOA Fellows with a two-thirds approval from those voting.
3,850 Fellows voted in the bylaws proxy out of 12,229 eligible voters. There were 2,654 proxy votes cast in favor of the bylaws (68.9%) and 1,196 votes opposed to the bylaws change (31.1%).
The 2008 Board of Directors election results and new Section Council members will be announced the week of September 15.
About the Society of Actuaries
The SOA is an educational, research and professional organization dedicated to serving the public and its 20,000 members. The SOA's vision is for actuaries to be the leading professionals in the measurement and management of risk. The SOA's mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal problems involving uncertain future events.
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