AI Board of Directors Approves 45-Day Notice Item on Agenda During November Meeting

The Appraisal Institute Board of Directors adopted one 45-Day Notice item on its agenda during its Nov.12-13 meeting, which was conducted via videoconference due to the coronavirus pandemic.
 
The Board adopted the proposed amendments to the Appraisal Institute Bylaws concerning the Audit Committee as set forth in the 45-Day Notice distributed to Designated Members, Candidates, Practicing Affiliates and Affiliates on Sept. 28. 
 
The Board also directed that the 45-Day Notice of proposed amendments to the Code of Professional Ethics be referred back to the Professional Standards and Guidance Committee for further study.
 
The Board also:
  • Adopted a strategic framework for the advancement of enhancements to the Appraisal Institute’s affiliation model.
  • Directed staff to develop a messaging and communications plan to be launched to communicate the enhancements to and value proposition of the Appraisal Institute’s affiliation model. 
  • Directed staff to investigate and report to the Board of Directors no later than the second regular 2021 Board meeting on the possibility of making Appraisal Institute books available both domestically and internationally through online subscription services and Print-on-Demand services.
  • Directed staff to investigate the cost and feasibility for “live-streaming” Non-Executive Session portions of virtual and in-person regularly scheduled Board of Directors meetings for AI Professionals, and for staff to report its findings to the Board at the first regular 2021 Board meeting.
  • Amended the temporary amendments to the Education Network Manual for chapter-sponsored synchronous programs.
  • Adopted the proposed 2021 budget.
  • Adopted the proposed Guide Note, “Compliance with the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute,” as set forth in the Exposure Draft distributed to Designated Members, Candidates, Practicing Affiliates and Affiliates on Sept. 28 and as further modified by the PSGC.
  • Approved 2020 committee appointments.
The following Appraisal Institute Designated Members were elected to fill vacancies on the committees noted below:
  • Admissions and Designation Qualifications Committee: Stephen D. Roach, MAI, SRA, AI-GRS (Jan. 1, 2021 to Dec. 31, 2021 term).
  • International Relations Committee: Ernst. Ulich H. Bergmann, MAI, SRA (Sept. 10, 2020 to Dec. 31, 2021 term).
  • Audit Committee:  Robert L. Moorman, MAI, SRA, AI-GRS beginning Nov. 13, 2020.  Moorman’s term will continue through Dec. 31, 2022.
  • Strategic Planning Committee Chair:  Robert R. Elliott, MAI, SRA (Nov. 13, 2020 to Dec. 31, 2021).
Additionally, the Appraisal Institute conducted its annual membership meeting in accordance with the Illinois General Not For Profit Corporation Act of 1986. President Jefferson L. Sherman MAI, AI-GRS; President-Elect Rodman Schley, MAI, SRA; Vice Pledger M. (Jody) Bishop III, MAI, SRA, AI-GRS; and Immediate Past President Stephen S. Wagner MAI, SRA, AI-GRS reported on their activities on behalf of the Appraisal Institute. CEO Jim Amorin, MAI, SRA, AI-GRS, reported on the activities of Appraisal Institute staff and Vice President Bishop presented the Finance Committee’s report.
 
The Board’s next meeting is scheduled for Feb. 24-26 via videoconference.
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