After a chat with K5UR this morning (bless his heart for calling me to ask about this), I've modified "Hopengarten 1" - my motion to create an Investment Management Committee (IMC) to explore and report to the Board in July. Rick pointed out that I won't have the names of all five members in time for the Board meeting. To give y'all a hint, I think the IMC should be me, K6WX, and N2COP, plus two players to be named later. In my perfect world, I'd like to see those players come from the private wealth world (i.e., big money managers), preferably retired (so as to gain nothing from their input, or, put another way, to have no perceived conflict of interest). If you know that Charles Schwab, Mr. Vanguard, Mr. Fidelity, or Mr. Lehman is a ham, has retired, and you can get him to advise us, please let me know. Or maybe there is someone else out there somewhere. -Fred K1VR The new wording can be seen in red below: The Motion It is Resolved that: (1) The Board shall appoint an Investment Management Committee (IMC) composed of five voting members, to study and recommend to the Board a plan for continuing management of its portfolio, such plan to be presented to the Board at its July 2021 meeting. This Plan may include, but is not limited to: A) Review of the Investment Policy Statement, making recommendations to revise it. B) Review and recommendations with respect to contracting for external investment advisory services or portfolio management. If external investment advisory services or portfolio management is recommended, the committee shall provide a draft RFQ/RFP for such services for consideration by the full Board. C) Review and recommendations with respect to an appropriate ongoing investment oversight structure. (2) The five voting members shall be selected by the Board, or the Executive Committee. (3) The Treasurer and CEO (who may delegate his role) shall be non-voting members of the IMC ex-officio. (4) The IMC shall have authority to consult with professional investment advisors, and other outside experts. (5) The IMC shall provide an interim report to the Board at its July 2021 meeting, if its work is not yet complete, or a final report if it has completed its work. _____ -- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus