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SVIA 2001 Election for Board of Directors:
Have You Thought About Your Nomination?

SVIA's Board of Directors will have six positions open for the 2001 Board of Directors' fall election. The open positions include two-plan sponsor and four service firm positions. Voting members will be asked to nominate candidates for the Board before the end of July.

If you'd like to run for the Board or wish to nominate someone who you think would make a great contribution to SVIA, talk with your company's voting member! All the voting members are listed in the Company Profile section of the SVIA directory.

What's required to be a SVIA Director?

Individuals who serve on the Board are asked to take an active leadership role in the Association for a three-year term. The Board meets quarterly each year. In addition to attending these quarterly meetings, Board members are called upon to participate in conference calls and meetings as needed to advance the Association's agenda. Board members are also called upon to chair Association committees and lead association initiatives.

Nominations

Voting members are asked to nominate six candidates this year: two plan sponsors and four service firm members for the open seats. However, a nominee has a couple of hurdles to become a candidate for the Board. To become a candidate for election to the Board, an individual must be: · A member in good standing in the Association, · The voting member for his/her firm, · Committed to taking an active leadership role in Association activities, and · For a service firm member, receive the greater of three nominations from SVIA voting members or 10% (rounded to the next higher value of the total number of voting members who make nominations.) What exactly does that mean for service firm members? It means that getting the minimum of three nominations does not ensure that you will be a candidate for the Board of Directors. Take last year as an example, 57 voting members made nominations. That meant that nominees had to receive nominations from six individual voting members to become a candidate for a Board seat. That narrowed the field of service firm nominates from 37 to 7 candidates for the four available service firm seats.

The three or 10% rule was instituted as a way to have the membership whittle down nominations to a manageable slate of candidates. The rule avoids primaries and the potential for a series of run-offs from an overly broad field.

Before 1999, just getting nominated was enough. However, in 1999 members' interest in a Board seat increased and produced a slate of 25 nominations, which translated into 23 candidates for three service firm seats. Service firm interest in serving on the Board grew in 2000 to 37 nominations.

Plan sponsors are subject to all requirements but the 3 or 10% rule. They need only to be nominated by a voting member. Until last year, plan sponsor nominees at best, were 2 to 1 for each open seat. Last year, the field was quite broad: 20 plan sponsors were nominated. However, the group narrowed down its own field. Four plan sponsors chose to run for the two open seats. In 1999, all three individuals nominated chose to run as a candidate for two open positions.

Thinking about nominees A table of SVIA's Board of Directors is provided to help you think about your nominations. Of the six open seats highlighted in green, only one, Bill Gardner is unable to run for re-election. He has served two consecutive terms and as the soon to be, past-Chairman, Bill will serve in an ex-officio capacity. Additionally, Baxter's Karen Watson will not be seeking a second term. Robert Krebs will also step down from his ex-officio status.

Look for SVIA's request for your nominations for the Board of Directors' six open seats before the end of July!

Stable Value
Elected Board as of July 2001

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