2022-07-27 OMA Agenda - Board of Trustees

OMA utilizes this policy to ensure that safe practices are followed for the investments and finances of OMA. Motion to accept the Investment Policy The motion passed Motion to edit and add date to Investment Policy and Motion to edit and delete section C & D from the Investment Policy The motion passed Discussion on Sunset Policies and the review process and who reviews these policies. The Policy Committee will be tasked with reviewing these policies annually. *Action item – Clarification on Item D Asset Mix and percentages for cash reserve and cash equivalent. Motion to Approve the amended Investment Policy The motion passed **Dr. Censani was not present during this discussion Bi-Annual Meeting versus Annual Meeting(s) Proposal Ms. Teresa Fraker discussed the current meeting schedule and the effects of having two large meetings a year on OMA, particularly with reference to costs associated with two large meetings per year. Her recommendation is that OMA move to a larger spring meeting (also known as the “Spring Main” Meeting) beginning in the Spring of 2024, that would more align with the ABOM Diplomate Review Course and the ABOM Diplomate application process, as the ABOM Examination will occur each fall, beginning in the Fall of 2022. The board discussed the meeting schedule and agreed to have a larger spring annual meeting, with a smaller focused fall meeting beginning in Spring of 2024. In conjunction with this change, the board leadership election schedule would also need to change, as it would affect board members terms being extended. Currently, OMA rotates it board leadership each fall, and with this proposed shift, the OMA board leadership would rotate in the spring of each year instead, which necessitates an amendment to the bylaws to provide for this. Under this bylaws amendment, the 2022 board leadership will be installed in Fall of 2022 and remain in office until Spring of 2024. Motion to amend Bylaws The motion passed It is to be reflected in the minutes that the board is directing the Executive Director to retain two in-person meetings a year, with the spring meeting functioning as the “Spring Main” meeting and the second meeting functioning as a “Focused Fall” meeting. The “Focused Fall”

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