Finance
Chair
John M. Pellock, M.D.
Chair, Div. Child Neurology
Virginia Commonwealth University Health System
1001 E Marshall St, 1st Floor
PO Box 980211
Richmond, VA 23298-0211
(p) 804.828.0442
(f) 804.828.6690
(e)jpellock@hsc.vcu.edu
Establishes and monitors investment policy for the Society's funds; reviews the annual budget to determine current and long-term needs for capital and for use of reserve fund resources.
The Finance Committee is mandated by the Bylaws and reports directly to the Board. As outlined below in the duties and responsibilities, the Committee is empowered by the Board to set policy on certain financial matters and to act in an advisory capacity on other matters.
Finance Committee Members
Pellock, J. (Chair) 2008
Chang, B. 2007
Cramer, J. 2007
Johnson, R. 2007
Mathern, G. 2009
Pearl, P. 2009
Salanova, V. 2007
Sierzant, T. 2007
Van Ness, P. 2007
Wannamaker, B. 2008
Lammert, W. (Ex-Officio)
Lombroso, C. (Ex-Officio)
Newmyer, A. (Ex-Officio)
Swann, J. (Ex-Officio)
Pellock, J. (Board Liaison)
Berry, S. (Staff Liaison)
Basic Function: The committee is chaired by the Treasurer and consists of AES members. In addition, the President of the Board serves as an Ex-Officio member as does the Society’s accountant and investment consultant. Others may be added for their expertise. The Executive Director is the assigned staff liaison.
Specific Responsibilities:
- Reviews the Accountant’s Annual Report to monitor performance in relation to the budget and finance policy.
- Develops and implements investment policies to ensure the best possible rate of return for funds in the Society’s Reserve Accounts.
- Develops and recommends financial policies to the Board of Directors on such issues as:
a. The Reserve Fund goal and the identification of strategies on how to achieve the goal. - Ensures that the Society meets the Financial Management and Control operating standards as promulgated by the American Society of Association Executives (ASAE).
In addition to the above, the Committee will also perform other duties which are a function of fiscal responsibility and which are in the best interest of the American Epilepsy Society, as directed by the Board of Directors.
Goals/Strategies:
- Develop and begin inplementation of a five year plan to grow the Lennox Trust Fund
- Investigate financial development (e.g. Lennox Trust Fund) and potential alliance with our partners
- Conduct a formal review of all three investment vehicles
- Evaluate current investment performance