I. A. B. S. Constitution

ARTICLE I – NAME and OFFICE

The organization shall be designated as the International Association for Business and Society, Inc.  This corporation is a public benefit corporation.

The principal office and registered agent of the corporation shall be designated by the president with the approval of the board of directors.

ARTICLE II – OBJECTIVES

The objectives of the organization are to advance research, teaching, and professional standards in the field of Business and Society by:

a.       facilitating exchange of information and ideas among academe, business, and other social organizations;

b.       encouraging and assisting activities which advance knowledge OF Business and Society and increase the available body of knowledge;

c.       cooperating whenever possible with government, business, nonprofit, and academic organizations for the furtherance of these basic objectives.

The corporation is a non-for-profit corporation.  The corporation is not formed for pecuniary profit.  No part of the income or assets of the corporation is distributable to or for the benefit of its members, directors or officers, except to the extent permissible by law.

ARTICLE III – MEMBERSHIP

Membership shall be open to those individuals actively engaged in the study of Business and Society who have demonstrated interest and capacity in furthering the objectives of the organization.

The Board of Directors may establish various classes of membership including, but not limited to:  founding members, regular members, life members, sustaining members, retired members, student members, and honorary members.

Members in good standing shall be defined as members who have paid their annual dues for the current fiscal year.

Each member of the corporation is good standing is entitled to one vote on each matter submitted to a vote of the membership.  Honorary members shall not be entitled to vote.

ARTICLE IV – DUES

Dues for various categories of membership shall be approved by the Board of Directors.  Dues are payable on the first day of the fiscal year.

ARTICLE V – MEETINGS

An annual meeting of the corporation shall be held before the end of the fiscal year at such time and place as determined by the Board of Directors and approved by the membership.  The annual business meeting shall be held in conjunction with the annual meeting.

ARTICLE VI – GOVERNANCE

The initial Board of Directors shall consist of thirteen (13) members.  The numbers of directors shall be prescribed from time to time in the Bylaws of the corporation; provided however, at no time shall the number of directors be less than three (3).

The Immediate Past President, President, Vice President, Program Chair, Assistant Program hair, Treasurer, Executive Secretary, and six Representatives at Large shall constitute the initial Board of Directors.

Those officers of the corporation who by virtue of their office, shall serve as directors, shall be elected annually in accordance with the election procedures established in accordance with the bylaws.

ARTICLE VII – AMENDMENT OF THE CONSTITUTION

Amendment of the constitution shall be effected by a two-thirds majority of the votes cast by members in good standing in response to a mailed ballot.  Membership eligible to vote shall be judged to include all members whose current dues are paid on the date of mailing the ballot.

Proposals to amend the constitution will be mailed to the membership when endorsed in writing by at least twenty-five percent of the members, or endorsed by a majority of the members in attendance at the Annual Meeting, or endorsed by a majority of the Board of Directors.

ARTICLE VIII – PUBLICATIONS

The corporation may publish a journal which will be sent to all members.  The journal will contain articles of high scholarly quality and such other material as is determined to be useful to the membership.  All general policy decisions as to content and manner of publication shall be decided by the Board of Directors.

The regular management of the journal shall be directed by an editor or editors selected by the Board of Directors and an editorial board selected by the editor or editors and approved by the Board of Directors.

The corporation may also publish a newsletter and any other publications approved by the Board of Directors.

ARTICLE IX – FELLOWS

The corporation recognizes the establishment of a separate but internal and integral organization known as the “Fellows of the International Association for Business and Society, Inc.”  The purpose of the Fellows are to honor outstanding contributions to the field of Business and Society, recognize significant service to the corporation, and to provide a forum for discussion among its members.  The Fellows shall select two of their members to serve on the Board of Directors.

ARTICLE X – DISSOLUTION

In the event of dissolution, the residual assets of the corporation will be turned over to the Endowment Fund of the Social Issues in Management Division of the Academy of Management or such other organizations described in Section 501 C3 of the Internal Revenue Code of 1986, or corresponding section of any future law or to the United States or a state for exclusive public purpose.