Notices to Members
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September 21, 2011
Board and Nominating Committee Members Whose Terms Will Expire at the 2012 Annual Election
NFA Bylaw 406 provides that before October 15th of each year, NFA's Secretary shall notify all Members in the FCM, IB, CPO and CTA categories of the elected Directors and the members of the Nominating Committee whose terms shall expire at the Annual Election and shall request that the names of eligible persons to fill those positions be submitted to the Nominating Committee.
Enclosed is a list of Board and Nominating Committee members whose terms shall expire at the 2012 Annual Election to be held on January 17, 2012. Also enclosed is a form for your use in submitting names of persons eligible to fill the vacancies on the Board of Directors and the 2012 Nominating Committee. For your reference, an explanation of the composition of the Board of Directors and Nominating Committee and of the open positions in this election is provided. With regard to the CPO/CTA Subcommittee of the Nominating Committee, any individuals whose name is submitted this year for consideration must be from a Member firm that primarily acts as a CPO.
The Nominating Committee shall consider names which are submitted and the membership shall be notified of its nominations. Thereafter, additional nominations may be made by petition only. Ballots shall be mailed in December to all Members in categories for which there is a contested election and the ballots will be counted on January 18, 2012. The results shall be circulated before the Annual Meeting in February.
NFA is a membership organization. NFA Members have a voice in NFA's governance through the exercise of the right to suggest candidates and to nominate and elect individuals to serve on NFA's Nominating Committee and Board of Directors. The Nominating Committee relies heavily on the suggestions of the membership in making its nominating decisions. Please give this matter serious consideration and return your submission(s) to NFA no later than October 21, 2011.
Please return your submission(s) by mail or by fax by October 21, 2011 to:
Secretary
National Futures Association
300 South Riverside Plaza, Suite 1800
Chicago, Illinois 60606
(Fax: 312-781-1672)
(Directors may succeed themselves)
FCMs
Gerald F. Corcoran
Chief Executive Officer
R.J. O'Brien & Associates, Inc.
Scott A. Cordes
President
Country Hedging, Inc.
Michael C. Dawley
Managing Director
Goldman Sachs & Co.
(Top-Ten FCM)
Vacancy
IB (Guaranteed)
Paul J. Georgy
President
Allendale, Inc.
CPO/CTAs
Craig L. Caudle
Chief Executive Officer
Liberty Funds Group, Inc.
Aleks A. Kins
President and Chief Executive Officer
AlphaMetrix LLC
(Nominating Committee members may NOT succeed themselves)
FCM
Dennis D. Dorman
President
Dorman Trading, L.L.C.
IB
John W. Crane
President
Traders Network, Inc.
CPO/CTA
Verne O. Sedlacek
President and Chief Executive Officer
Commonfund Group
Composition of Board of Directors:
1. Eight (8) FCM Representatives - At least two (2) from top-ten FCMs based on the total amount of segregated funds and secured amounts as of June 30 preceding the election and at least two (2) from FCMs that are not ranked as top-ten FCMs.
2. One (1) IB Representative - Independent.
3. One (1) IB Representative - Guaranteed.
4. Four (4) CPO/CTA Representatives - At least two (2) affiliated with either CPOs or CTAs that are ranked in the top 20% of funds under management allocated to futures.
5. No more than five (5) Contract Market Representatives.
6. Ten (10) Public Directors.
Open Positions on the Board of Directors in the 2012 Member Election:
Four (4) open positions for FCM Representatives who may be affiliated with either a top-ten FCM based on the total amount of segregated funds and secured amounts as of June 30 preceding the election or an FCM which is not ranked as a top-ten FCM.
One (1) open position for a Guaranteed IB Representative.
Two (2) open positions for CPO/CTA Representatives who may be affiliated with either a CPO or CTA which is ranked in the top 20% of funds under management allocated to futures or a CPO or CTA which is not ranked in the top 20% of funds under management allocated to futures.
Composition of Nominating Committee:
1. Three (3) FCM Representatives - At least one (1) representative from a top-ten FCM based on the total amount of segregated funds and secured amounts as of June 30 preceding the election and at least one (1) representative from an FCM not ranked as a top-ten FCM.
2. Three (3) IB Representatives - At least one (1) representative from an Independent IB and at least one (1) representative from a Guaranteed IB.
3. Three (3) CPO/CTA Representatives - At least one representative acting primarily as a CPO and at least one representative acting primarily as a CTA.
Open Positions on the Nominating Committee in the 2012 Member Election:
One (1) open position for an FCM Representative who may be from either a top-ten FCM based on the total amount of segregated funds and secured amounts as of June 30 preceding the election or an FCM that is not ranked as a top-ten FCM.
One (1) open position for an IB Representative who may be affiliated with either an Independent IB or a Guaranteed IB.
One (1) open position for a CPO/CTA Representative who is acting primarily as a CPO.
Printable version of Suggestion for Nomination
SUGGESTION FOR NOMINATION*
Name of Individual Being Suggested:
________________________________________________________________________
Suggested for Nomination to:
______ Board of Directors
______ Nominating Committee
NFA Member Firm with Which Suggested Individual is Affiliated:
________________________________________________________________________
Firm's Membership Category: _____FCM _____IB _____CPO/CTA
Individual's Title:
________________________________________________________________________
Business Address:
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
Telephone:
_______________________________________
Email, if known:
_______________________________________
Name of Person Making Suggestion:
________________________________________________________
On Behalf of:
________________________________________________________
(NFA Member Firm)
Your Business Telephone:
_______________________________________
Email:
_______________________________________
Thank you for your submission. NFA will contact the individual you suggested to confirm his/her willingness to serve and to obtain biographical information that will be forwarded to the Nominating Committee.
*Please complete a separate form for each individual suggested. This form may be photocopied. Please return your submission(s) to NFA no later than October 21, 2011, by mail or fax to:
Secretary
National Futures Association
300 South Riverside Plaza, Suite 1800
Chicago, IL 60606
(Fax: 312-781-1672)