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The Finance Committee shall have direct supervision over, and responsibility for, the financial rules, policies, procedures, and budgets of the Society and shall investigate and analyze all financial requirements and expenditures, scrutinize all budget estimates, prior to submission to the Board of Directors review and pass upon all financial matters before presentation to the Board for consideration or action (see also R5.10.2).
This committee shall be composed of not fewer than six (6) nor more than twelve (12) Fellows, Members, Emeritus, or Honorary Life Members, each appointed to a three (3) year term, with the terms of approximately one-third (1/3) of the members expiring at the close of each Annual Meeting. At least half of the members shall be members of the Board of Directors at the time of their appointment to the Committee; all members shall be either current or former members of the Board of Directors at the time of their appointment. The Treasurer shall be the chair of the Finance Committee. At least one committee member shall be a non-U.S. resident.
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