SVIA

SVIA Committees

The Stable Value Investment Association was established in 1990 as a non-profit organization dedicated to educating retirement plan sponsors and the public about the importance of saving for retirement and the contribution Stable Value can make toward a financially secure retirement.

Today, the Stable Value Investment Association is one of the leading authorities on retirement investing. Its membership represents all segments of the Stable Value investment community, including public and private plan sponsors, insurance companies, banks, investment managers and consultants.

SVIA is dedicated to providing leadership and representation before the media, educators, legislators, regulators and opinion leaders. SVIA also serves as a forum for the exchange of ideas and discussion of issues important to the Stable Value industry.

SVIA holds an Annual National Forum in Washington, DC and a Spring Seminar. Both events bring together members from all aspects of the Stable Value industry for the purpose of engaging in open and informative dialogue about the issues that are facing the Stable Value industry.

SVIA's elected Board of Directors is the governing-body for the Association. The Board serves as SVIA's policy-making body. As such, the Board uses the Association's standing committees as well as appointed task forces to develop and recommend policy statements and initiatives that assist the Association in achieving its mission. The Board is responsible for achieving the Association's mission by setting long-term strategy, overseeing finances and governing Association activities.

To be adopted as an SVIA policy or position, initiatives must be approved by a three-fourths majority of the Board of Directors. The Association currently has six standing committees that are chaired by Board members. All members of the Association are encouraged to serve on Association committees.

The committees are:

Communications and Education Committee

The Communications and Education Committee is responsible for the development and implementation of special and on-going communications and education initiatives designed to improve the understanding and use of Stable Value investments in defined contribution plans and other tax-deferred retirement vehicles.

Specific responsibilities of the Communications and Education Committee include:

- Development and implementation of the Association’s media plan, including:

The committee’s work will be accomplished through two working groups: Stable Times Editorial Board and the Media Team.

Committee Membership:
The members of the Communications and Education Committee will consist of Association members who volunteer to serve in this capacity. The Chairperson of the committee will be a member of the Board of Directors and will also be a member of the Executive Committee of the Board. The members of the working groups will consist of Association members who volunteer to serve in this capacity.

Chair: Bradie Barr, Transamerica

Media Team

Stable Times Editorial Board

Data and Research Committee

The Data and Research Committee is responsible for all activities related to the data and research initiatives of the Association.

Specific responsibilities of the Data and Research Committee include:

Committee Membership:
The members of the Data and Research Committee will consist of Association members who volunteer to serve in this capacity. The Chairperson of the committee will be a member of the Board of Directors and will also be a member of the Executive Committee of the Board. Members of the Association who are not members of the committee are eligible to participate as members of the committee’s task forces.

Chair: Susan Graef, The Vanguard Group

Events Planning Committee

The Events Planning Committee is charged with developing the agenda for our annual conference and Spring Seminar and managing these events.

Committee Membership:
The members of the Events Planning Committee are comprised of representatives from the Association’s Gold Value Program Membership, SVIA’s Chairman and President.  SVIA’s President serves as Chairman of the Committee.

Chair:  Gina Mitchell, SVIA  

Government Relations Committee

The Government Relations Committee is responsible for keeping the Association President, Board and general membership aware of and responding to industry-related matters affected by legislative or regulatory actions that have an impact on the Association’s mission and initiatives or on Stable Value investing.

Specific responsibilities of the Government Relations Committee include:

Committee Membership:
The members of the Government Relations Committee will consist of Association members who volunteer to serve in this capacity. The chairperson of the committee will be a member of the Board of Directors and will also be a member of the Executive Committee of the Board.

Chair: Nick Gage, Galliard

Finance Subcommittee of the Board of Directors

The Finance Subcommittee is responsible for Association activities related to the Association’s membership and budget structure.

Specific responsibilities of the Finance Subcommittee include:

Committee Membership:
The members of the Finance Subcommittee will consist of SVIA Board members who volunteer to serve in this capacity. The Chairperson of the committee will be a member of the Board of Directors and will also be a member of the Executive Committee of the Board.

Chair: LeAnn Bickel, Invesco Advisors, Inc.

Executive Committee

The Executive Committee consists of the Chairpersons of the standing committees of the Association, the Board Chairperson, and the President of the Association. The President of the Association will serve as the Chairperson of the Executive Committee.

The purpose and operation of the Executive Committee are as follows:

PURPOSE:

Approval – to review, comment, and if appropriate, approve initiatives.

OPERATION:

The Association President, as Chairperson of the Executive Committee, shall convene regular and special meetings of the Executive Committee in order that it may effectively fulfill its duties and responsibilities. Specific situations requiring regular and special meetings of the Executive Committee include:

Chair: Steve Kolocotronis, Fidelity Investments

Approval Process

Approval by Two-Thirds Vote:
Unless there exists an Association bylaw that states otherwise, the level of approval discussed below shall be by simple two-thirds (67%) of the parties involved. In all cases, items approved by any party will be communicated to the next level of approval authority as soon as it is practical to do so.

Items Requiring Full Board Approval:

Items requiring full Board approval shall be first considered and recommended for approval by the Executive Committee of the Board. Items requiring full Board approval include:

Items Requiring Executive Committee Approval:

All items requiring full Board approval shall require prior consideration and recommendation of the Executive Committee.

Items that may be approved by Executive Committee without seeking full Board approval include:

Initiatives to be undertaken by any of the various committees of the Association (it is the responsibility of the Committee Chairpersons to seek Executive Committee approval for such initiatives.)

Items requiring Approval of Association President:

The Association President is responsible for overseeing and approving the ongoing operations and expenditures of the Association. Any item not specifically identified above as requiring Executive Committee or full Board Approval should be submitted to the Association President for approval. The Association President is responsible for determining whether any item submitted for their approval requires the approval of Executive Committee or the full Board.