Meetings

Operating Procedures

Wealthmasters Partnership

Partner Involvement, Investment Return, Education Quality

Management

Additional Partners

Meetings are conducted monthly.  A quorum of 40% of the active partners must be in attendance at a meeting in order to conduct any business.  Any club officer may call special meetings or cancel a monthly meeting.

Each partner shall participate in the management and conduct of the affairs of the partnership.

 

Partners participate in the management of the partnership by voting equal shares regardless of the number or percentage of total shares owned.  Decisions shall be made by a majority of the partners (each partner has one vote) in attendance at a meeting or recorded email vote.  Unless a special request is made for a vote based on proportional ownership and approved by all club officers.

 

No proxy vote will be accepted for management decisions except if a written ballot is sent to a club officer before a special meeting or if any action be tabled and referred to written ballot by the members at a regular meeting.  Written ballots must be returned to a club officer by the date and time stated on the written ballot.

Additional partners may be admitted at any time, upon a two‑thirds majority consent vote of all the partners at a meeting and/or by proxy so long as the number of partners does not exceed 12.  Proxy votes must be submitted in writing by 6:00 P.M. of the day of the vote.  Upon acceptance the new partner must pay a $200.00 initiation fee, as well as the first monthly $50.00 contribution for a total of $250.00 at the next meeting.  The $200.00 initiation fee is utilized for initial investment expenses (i.e. Better Investing membership, Monthly Better Investing Magazine subscription, etc.).