Purpose:
The Investment Committee shall supervise the investment portfolio and the real estate holdings for the Society and the Foundation. It shall make recommendations to the Boards with respect to investment policy and acquisitions, dispositions, utilization and development of real property. It shall carry out the investment objectives fixed by the Society and the Foundation and optimize real property of the Society as an investment. It shall submit reports of its activities to both the Finance Committee and the Boards. The Investment Committee shall support the Society and Foundation Strategic Plans and be accountable and responsible for those strategic actions which fall within the purview of the committee. It shall also be the responsibility of the committee to contribute new program and service ideas that support the Strategic Plans.
The Investment Committee shall be a standing committee of the ASM Board of Trustees. All members of the Investment Committee except for the Chief Executive Officer shall be members or former members of the Finance Committee or members of the Foundation Board of Trustees.
Product(s) and Service(s) Investment Committee is responsible for:
The review and investment oversight of ASM International and the ASM Materials Education Foundation. Responsibility also includes the selection of investment advisors, managers and custodians.
Qualifications of Members:
Member of ASM and good overall background knowledge of ASM and experience in investments and investment strategy. Business management experience with financial acumen. Confidentiality is very critical.
Committee Size:
9-13 (voting)
Time Commitment:3 face to face meetings annually (typically May, July and October MS&T) and up to 4 additional teleconferences/web meetings (as needed and for educational purposes); meetings last 2 to 3 hours with preparation time for each meeting varying from 1 to 6 hours.
Term Duration:3 years, maximum 9 but exceptions can be made. Longevity (greater than one term) is preferred due to the subject matter and knowledge continuity.
Key Responsibilities:The Investment Committee, subject to Board approval, shall be responsible for the supervision of the investment portfolio of the Society and the ASM Materials Education Foundation under the direction of and with the approval of the Board.
Support of Committee Activities:ASM Staff Liaison will provide an orientation and information prior to the beginning term date of September 1st annually. The Staff Liaison coordinates, participates and is an active partner in all meetings and activities of the committee.