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AAA Considers Governance Changes

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The board of the American Academy of Actuaries (AAA) wants to make the job of being the AAA president a little easier.

The board of the AAA, Washington, has endorsed a proposal to have the immediate past president serve as the chairperson of the board, to ease the administrative responsibilities of the president, AAA President Mary Frances Miller says in a letter to AAA members.

The board also has endorsed a proposal to remove the “penultimate past president” position from the board, to shorten the amount of time a president needs to commit to 3 years, from 4, Miller says.

A third proposal that won board support calls for the AAA to try using electronic voting to elect regular directors.