ST. LOUIS CHAPTER CONSTITUTION

ST. LOUIS AREA

Alumni Chapter

BETA GAMMA SIGMA

ARTICLE I - NAME

This chapter shall be known as the St. Louis Area Alumni Chapter of Beta Gamma Sigma and shall operate in the approved local geographic area.

ARTICLE II – MISSION

The mission of Beta Gamma Sigma is to encourage and honor academic achievement in the study of business and personal and professional excellence in the practice of business. This mission is exemplified in the five objectives of the Society.

These objectives include:

I. Encourage and honor high academic achievement by students of business and management through chapters in AACSB International accredited programs.

II. Foster in Beta Gamma Sigma members an enduring commitment to the founding principles and values of the Society: honor and integrity, pursuit of wisdom, and earnestness.

III. Support the advancement of business thought, at both the Society and chapter levels, so as to encourage lifelong learning for members and other constituents.

IV. Enhance the value of Beta Gamma Sigma for student and alumni members in their professional lives.

V. Enhance the visibility and reputation of Beta Gamma Sigma.

ARTICLE II - PURPOSES

The St. Louis Area Alumni Chapter shall provide mutual support and the opportunity for networking and mentoring among the members as well as develop a partnership with Beta Gamma Sigma, Inc. to make a stronger Beta Gamma Sigma. The St. Louis Area Alumni Chapter shall also support the purposes of Beta Gamma Sigma, Inc. which are to encourage and reward scholarship and accomplishment among students of business and administration, to promote the advancement of education in the art and science of business, and to foster integrity in the conduct of business activities.

ARTICLE III – CHAPTER INSTALLATION

Alumni of Beta Gamma Sigma may propose to Beta Gamma Sigma, Inc. an alumni chapter be installed in the St. Louis area. The proposal shall be addressed to Beta Gamma Sigma, Inc. for consideration by the Beta Gamma Sigma Board of Governors. Upon Board approval, the alumni chapter may be installed.

ARTICLE IV - MEMBERSHIP

Membership shall be open to all alumni members of Beta Gamma Sigma residing in the St. Louis area, upon application to the chapter and payment of chapter dues. All members in good standing shall be eligible to vote, hold office, and otherwise participate in the activities of the chapter.

ARTICLE V - GOVERNMENT OF ST. LOUIS AREA ALUMNI CHAPTER

Section 1. Government of Alumni Chapter

The governing body of the chapter shall be a Chapter Council, comprised of the officers of the chapter listed below in Article V Section 1 hereof and other members of the chapter as deemed appropriate as set forth in the Bylaws.

Section 2. Ex-Officio Members of the Chapter

The Board of Governors of Beta Gamma Sigma, Inc. shall serve as ex-officio members of the Alumni Chapter and shall be included on the mailing list of the St. Louis Area Alumni Chapter.

Section 3. Local Constitution and Bylaws

The St. Louis Area Alumni Chapter must submit a copy of the chapter constitution (and bylaws) appropriate for its own regulation to the Central Office of Beta Gamma Sigma, Inc. for approval as a part of the petitioning process. These documents shall not be in violation of or contradictory to the terms of the Bylaws or Articles of Incorporation of Beta Gamma Sigma, Inc. St. Louis Area Alumni Chapter shall on an ongoing basis provide the Central Office with any changes to these documents.

Section 4. Final Authority

The Board of Governors of Beta Gamma Sigma, Inc. shall have final authority over all actions of the St. Louis Area Alumni Chapter.

ARTICLE V - OFFICERS

Section 1. Officers of the St. Louis Area Alumni Chapter

The officers of the chapter shall be president, vice president, secretary and treasurer. There may also be such other officers as are deemed necessary for efficient operation of the chapter.

Section 2. Election of Officers

A majority vote of the members present at a duly called meeting of the St. Louis Area Alumni Chapter shall be necessary to elect officers. Any vacancy caused by resignation or otherwise shall be filled by appointment by the president.

Section 3. Term of Office

Each officer shall be elected for a term of one year and shall not be re-elected to the same office more than twice.

Section 4. Recall of Officers

Any officer who fails to assume the responsibilities of the office or perform the duties of the office may be removed from office by a majority vote of the members attending a duly called meeting.

ARTICLE VI - STANDING COMMITTEES

Section 1. Nominating Committee (a/k/a Structure Committee)

Annually, there shall be a nominating committee which shall nominate a full slate of chapter officers. This committee shall submit a list of nominees for chapter officers to the active members of the chapter before each duly called election meeting. The nominating committee shall consist of at least three members of the chapter.

Section 2. Financial Audit Committee

Annually, there shall be a financial audit committee composed of two or more active members of the chapter appointed by the president. The life of this committee shall be its year of appointment.

Section 3. Other Standing Committees

Additional standing committees may be activated by the Council or President if they are needed to conduct local chapter activities.

ARTICLE VII - MEETINGS

Meetings may be called at any time by the president or, if the president's office is vacant, by the Vice President or by the secretary-treasurer by means of written notice to the active membership. Written notice of such meetings must be sent at least one week prior to the meeting. Voting privileges shall be limited to active members. A simple majority vote of the active members who are present at a duly called meeting shall be required and sufficient for the election of chapter officers and transaction of chapter business. Voting shall be by secret ballot if requested by one or more of the voting members present.

ARTICLE VIII - REPORTS

The St. Louis Area Alumni Chapter shall submit to the Central Office a Chapter Program and Financial Report including an updated membership database for each fiscal year.

ARTICLE IX – CHAPTER DUES

The annual dues of the St. Louis Area Alumni Chapter shall be determined by the Chapter Council in consultation with the Board of Governors of Beta Gamma Sigma, Inc.

ARTICLE X - OFFICIAL EMBLEM

The emblem shall be a gold key of such design as is registered in the United States Patent Office on Registry No. 561,939 on July 22, 1952, and as subsequently renewed. The St. Louis Area Alumni Chapter may only use the key insignia on items obtained from or approved by the Central Office.

ARTICLE XI - FISCAL YEAR

The fiscal year of the St. Louis Area Alumni Chapter shall cover the twelve months ending on June 30.

ARTICLE XII - ANNUAL AUDIT

The financial records of the St. Louis Area Alumni Chapter shall be audited annually at the end of each fiscal year by the financial audit committee. The committee shall report in writing to the Chapter Council. A report of the financial audit committee shall be provided to the membership and to the Board of Governors of Beta Gamma Sigma, Inc.

ARTICLE XIII - DISTRIBUTION OF ASSETS ON DISSOLUTION

At such time as the St. Louis Area Alumni Chapter shall be dissolved, its assets shall revert to Beta Gamma Sigma, Inc. No part of the assets of this organization at dissolution shall inure to the benefit of any person or organization other than the organization before mentioned.

ARTICLE XIV - AMENDMENTS

This constitution may be amended by a three-fourths vote of the members attending a duly called meeting. No amendment to this constitution shall be effective until a copy of the amendment has been filed with the Central Office.