Indian Academy of Management Bylaws

Effective November 2010

1. 1. 1. Name. The name of this non-profit corporation is the INDIAN ACADEMY OF MANAGEMENT. It is hereinafter referred to in these Bylaws as the "IAoM".
2. 1.2. Objectives. The IAoM pursues the following objectives:
   
1. A wider acceptance and closer cooperation among those interested in the science and practice of management, specifically, but not limited to, management in India.
   
2. Opportunities for management educators, scholars, practitioners, and students to advance themselves through the publications of scholarly papers, based on their conceptual as well as their empirical findings.
   

1. General Powers. The property, affairs, and business of the IAoM shall be managed and controlled by its Board of Governors. The Board of Governors may by general resolution delegate to officers of the IAoM and to committees such powers as provided for in these Bylaws.
2. Number, Election and Qualification of Governors. The Board of Governors shall, initially, consist of twelve (12) voting members and those ex-officio, non-voting members as designated by the Board.
1. The President, Vice President, Secretary, Treasurer, 4 Executive Committee members, and 4 scholars of repute, as nominated by the President, Past Presidents will automatically become permanent members of the Board of Governors upon the completion of their term(s). However, Past Presidents will not be voting members – instead, they will help guide the board in its activities, by drawing upon their experience and expertise.
3. Elections and Terms.
   1. The Past President will serve as Chair of the Elections Committee, which shall comprise the President and Vice-President. This committee will invite nominations, including self-nominations, for all open positions. The nominations will be considered by the Board, and the final candidates placed on the ballot. The succession process detailed in Sec. 2.3.d. will automatically list the Vice-President as President-elect, and the other candidates identified through the nomination process. In each case, members may write-in an alternate candidate. The Elections Committee will be responsible for conducting the process, including sending out to the membership the ballot, sending at least 2 reminders, and tabulating final results. The Elections Committee shall have the final results independently verified and certified by an academic/professional who is not a member of, nor affiliated with, IAoM.
   2. Elected officers will serve on the Board of Governors so long as they remain an officer of the IAoM.
   3. Elected representatives shall serve a term not to exceed two (2) years.
   4. In order to provide continuity to the activities of the academy, the following automatic nomination process will be followed:
   1. At the end of the 2-year term, the Vice-President will automatically be listed as the President-elect.

1. Officers. The officers of the IAoM shall be a President, Vice President, Past President(s), Secretary, Treasurer, and four (4) Executive Committee members. The Board of Governors may appoint other individuals who have the authority to perform duties prescribed by the board.
2. President. The President shall:
1. Chair the Board of Governors meetings.
2. Be the chief executive officer of the IAoM.
3. Be responsible for the conduct of the IAoM's activities in a manner that will ensure the accomplishment of the IAoM's objectives, subject to the provisions of the Constitution and Bylaws, and the concurrence of the Board in matters of policy.
4. Preside at all meetings of the IAoM, but may delegate this responsibility to the Vice-President or any other individual at his/her discretion.
5. Present a report on the status and progress of the IAoM at its Annual Meeting.
3. Vice-President. The Vice-President/President-Elect shall:
1. Succeed the current President at the termination of the President's term in office.
2. Act for the President in case of the President's absence or disability.
3. Perform such duties as may be assigned by the President or by the Bylaws.
4. Act as Program Chairperson of the Annual Meeting.
4. Secretary. The Secretary shall:
1. Assist the Vice President in preparing the program for the Bi-Annual Meeting.
2. Perform such duties as may be assigned by the President or Vice President or by the Bylaws.
5. Immediate Past President. The Immediate Past President shall:
1. Serve as the Chairperson of the Elections Committee.
2. Perform such duties as may be assigned by the President or by the Bylaws.
6. Treasurer. The Treasurer shall
1. Take the minutes of all meetings of the Academy and submit the same to the President for review and revision. After said review and revision the Treasurer shall mail the minutes to the members of the Executive Board for final approval and place them on the webpage and post them on IAoM webpage.
2. The Treasurer shall be responsible for billing and collecting all fees, special assessments and other items of income.
3. The Treasurer shall have custody of all funds of the Academy and shall deposit or invest said funds as directed by the Board.
4. The Treasurer shall keep full and accurate records of all receipts and investments in books belonging to the Academy. He/she shall submit an annual financial statement to the President at the end of each fiscal year. Said statement shall be reviewed and revised by the President and then submitted by the Treasurer to the Board for approval.
5. The Treasurer shall prepare special financial reports in the same manner when requested by the President, and execute and administer such projects as the Executive Board may delegate to him/her.
6. The Treasurer shall have the accounts of IAoM independently audited at least once a year, and circulate the auditor’s report to the Board in a timely manner and place the report on the IAoM webpage and post the report on the IAoM Internet Mail.

1. The President, in consultation with the Board of Governors, will appoint committees for the following tasks:
1. Membership
2. Conferences
3. Communications
4. Elections
5. Webpage
2. The President shall be an ex-officio member of all standing committees.
3. The Board of Governors may create additional committees, and shall determine their size, composition and term of office.

1. Annual Meeting. There shall be a bi-annual meeting of the membership of the IAoM, to be held at a time and place to be determined by the Board of Governors.
2. Notice. All members of the IAoM shall be notified of the bi-annual meeting and any special meetings not more than sixty (60) days or less than ten (10) days before the date of the meeting. In the case of a special meeting, the notice shall state the purpose or purposes for which the meeting is called.
3. Quorum. The presence in person of twenty-five (25) members of the Academy in good standing, shall constitute a quorum for the transaction of business at any meeting of the members of the Academy.

1. The IAoM fiscal year shall begin on January 1 and end on December 31.

1. Membership fees shall be set by a two-thirds vote of the Board of Governors and placed on the webpage and posted to the IAoM Internet Mail.
2. Fees are payable on the first day of the fiscal year. (Annual fees are collected when a member attends the annual conference, and the membership is valid for the following twenty-four months). Members not attending the conference may also join by sending in their application and the requisite fee to the Membership Committee Chair.
3. The board, at its discretion, may waive or reduce the membership fee for students and members from low income or lower-middle income backgrounds.

1. The Board of Governors shall be responsible for proposing amendments to the Bylaws, and approval of such changes shall be determined by a majority of the votes cast by the membership.