Governance Facts

The Society of Actuaries (SOA) is governed by its members via the following;

Other key governance components:

  • The SOA Board of Directors consists of a president, president-elect, past president and 15–20 other members elected by the fellows and referred to as "elected members."
  • The SOA Board's strategic plan guides their work over a specific time on behalf of candidates, members, employers, policymakers, regulators and the public.
  • SOA committees are run by and for members and include a variety of specialties and sub-specialties of the actuarial profession.

Governing Documents

Below is a representative list of SOA governing documents.

  • Current SOA Bylaws: Describes the SOA's purpose, types of memberships and how to join. Also explains the SOA Board of Directors, committees, nominations, elections and sections.
  • Member-Initiated Requests to Amend Bylaws: Explains how to submit a proposal to amend the SOA Bylaws. At least 100 members must support it through a verified request.
  • Request for Special Meeting of the Membership: Shows how to request a special meeting. At least five percent of the fellows must support it. Must also be in written form.
  • Code of Professional Conduct: Outlines the professional responsibilities that SOA actuaries have to the public, their clients, employers and the actuarial profession.
  • Conflict of Interest Form: Defines how anyone involved in SOA activities or decision-making must disclose conflicts, or potential conflicts. These include personal, professional or business interests that may directly or indirectly affect their activities or decisions.
  • Code of Conduct for Candidates: Explains how candidates must maintain high standards of conduct and honor their responsibility to the public.
  • Code of Conduct for Professional Affiliates: Requires Professional Affiliates to adhere to high standards of ethical conduct and professional practice, thereby supporting the actuarial profession in fulfilling its responsibility to the public. 
  • Notices of Disciplinary Determinations: Provides information on specific disciplinary actions.