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Governance Facts

The Society of Actuaries (SOA) is governed by its members via the following;

SOA Board of Directors, who adhere to the SOA strategic plan.
SOA Bylaws, policies and other official documents.
SOA committees, task forces, councils and other groups also help provide accountability.

Other key governance components:

The SOA Board of Directors consists of a president, president-elect, past president and 15–20 other members elected by the fellows and referred to as "elected members."
The SOA Board's strategic plan guides their work over a specific time on behalf of candidates, members, employers, policymakers, regulators and the public.
SOA committees are run by and for members and include a variety of specialties and sub-specialties of the actuarial profession.

Governing Documents

Below is a representative list of SOA governing documents.

Current SOA Bylaws: Describes the SOA's purpose, types of memberships and how to join. Also explains the SOA Board of Directors, committees, nominations, elections and sections.
Member-Initiated Requests to Amend Bylaws: Explains how to submit a proposal to amend the SOA Bylaws. At least 100 members must support it through a verified request.
Request for Special Meeting of the Membership: Shows how to request a special meeting. At least five percent of the fellows must support it. Must also be in written form.
Code of Professional Conduct: Outlines the professional responsibilities that SOA actuaries have to the public, their clients, employers and the actuarial profession.
Conflict of Interest Form: Defines how anyone involved in SOA activities or decision-making must disclose conflicts, or potential conflicts. These include personal, professional or business interests that may directly or indirectly affect their activities or decisions.
Code of Conduct for Candidates: Explains how candidates must maintain high standards of conduct and honor their responsibility to the public.
Joint Discipline Agreement: Describes how a joint discipline agreement is created and enacted.
JDC Rules of Procedure: Explains possible disciplinary actions and appeals panels.
Notices of Disciplinary Determinations: Provides information on specific disciplinary actions.