Annual General Meeting September 5, 2019 AGM 2018-2019 1 Welcome - - PowerPoint PPT Presentation

Annual General Meeting

September 5, 2019

AGM 2018-2019 1

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Welcome Speech – Jean-Philippe Dorp, CFA (President) Year Overview – Jean-Philippe Dorp, CFA (President) Financial Highlights – Chloé Lemarié, CFA (Treasurer) Society 2.0 – Jean-Philippe Dorp, CFA (President) Q&A Nomination Committee – Joëlle Harb, CFA (Vice President) Voting Procedure & Candidates – Eric Labbé, CFA (General Secretary) Volunteer Awards – Joëlle Harb, CFA (Vice President) Results of the Election – Eric Labbé, CFA (General Secretary) Cocktail & Networking

AGM 2018-2019

YEAR OVERVIEW

Jean-Philippe Dorp, CFA President

YEAR OVERVIEW

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13

Members

1,185

Published Articles

60+ 28

Events

20

Partners

4,225

Candidates Universities

Teams for the Research Challenge

20

KEY FIG IGURES

AGM 2018-2019

85

Volunteers

20

Committees

119

New CFA Charterholders

Scholarships

38

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FINANCIAL HIGHLIGHTS

Chloé Lemarié, CFA Treasurer

FINANCIAL HIGHLIGTHTS

Revenues were up 30% to €263k Net income improved from €23K to

€64K

Operating expenses by member increased from

€169K to €179K

Cash & investments reached €256K, up €55K

AGM 2018-2019 6 2017 2018 2019

FINANCIAL HIGHLIGTHTS

RESSOURCES

47% revenues came from membership CFA Institute contributed for 36% Others, incl. mock exam & workshops for 11%

EXPENSES

Administration accounted for 33% of

spending Followed by Events & Membership, each at 25%

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FINANCIAL HIGHLIGHTS

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• Forecast revenues of €624K – more than

double

• Driven by a €369K CFAI funding for

Society 2.0

• Operating expenses budgeted at €527K
• Surplus to be allocated to new projects

FY19 FY20

SOCIETY 2.0

Jean-Philippe Dorp, CFA President

What? SOCIETY 2.0 When? How? Why?

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SOCIETY 2.0 What?

Executive Director Advocacy Director Operations Manager (20) Committees & (85) Volunteers

Strategy & Control

CFA Society France Members

Board of Directors

Elections Support

Members & Ecosystem France

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SOCIETY 2.0

Members Candidates

1 000 2 000 3 000 4 000 5 000

701 2660 1185 4225

2014 2019

Why?

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• CFA Society France has reached the critical size to

set up a sustainable structure

• CFA Society France must adapt, enhance &

expand services to its members

• CFA Society France is now recognized as a key player in

its ecosystem. It must promote its members’

• pinions and expertise

SOCIETY 2.0

Why?

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• Society 2.0 is a global initiative supported by the CFA Institute
• In Western Europe, professional staff hired in the local Societies will rise from 52% to 73%

within the next 12 months

• 94% of the Societies will employ at least one staff, from 65% today

SOCIETY 2.0

How?

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• CFA Society France is signing a 3-year Grant Agreement with CFA Institute

amounting to €943K

• CFA Society France is hiring 3 professionals
• CFA Society France will report every 6 months to CFA Institute on progress made with regards

to the Society 2.0 project

• CFA Society France will seek to diversify its source of revenues from parterships,

education & other services

CFA Society France is advised by Latham & Watkins on legal, labor law & tax matters

SOCIETY 2.0

When?

Date What Status Oct 18 – Dec 18 Business Model & Funding Request ✔ Jan 19 – Feb 19 Submission to CFA Institute & Approval ✔ Mar 19 Key principles on Society 2.0 governance ✔ Mar 19 Selection of headhunter & Launch of the search for the executive team ✔ May 19 Seminar IFA (Institut Français des Administrateurs) ✔ June 19 – July 19 Candidates interviews CFA Society France legal reviews (Latham & Watkins) ✔ Aug 19 Appointment of Marie-Alix de Meyer as Events & Operations Manager ✔

AGM 2018-2019 15

Involvement from past Boards for many years

SOCIETY 2.0

When?

Date What Status Sept 19 Signature of the 3-year CFA Grant Agreement with CFA Institute In effect Oct 19 – Dec 19 Final selection for the Executive Director Ongoing New governance including Bylaws, Rules & Order, Delegation of Authority Ongoing New office Ongoing New technology platform Ongoing From Jan 2020 Appointment of Advocacy Director Pending Implementation of Society 2.0 business plan Pending

AGM 2018-2019 16

Q&A

NOMINATION COMMITTEE

Joëlle Harb, CFA Vice President

NOMINATION COMMITTEE

The Nomination Committee's role is to support CFA Society France's leadership positions in the investment profession by recognizing individuals whose achievements and contributions have helped raise the standards of education, integrity and professional excellence

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The Nomination Committee is established by the Bylaws and the Rule & Orders of CFA Society France to carry out the responsibilities delegated by the Board of Directors to identify, vet and nominate qualified candidates for directorship positions in accordance with the following criteria:

• Having been a Regular member of CFA Society France for at least 3 years
• Having been involved with CFA Society France as a volunteer for at least 2 years
• Show the necessary skills to fulfill a Director's role

These criteria are not exclusive

Nomination committee members:

Joëlle Harb, CFA (Chair) Jean-Philippe Dorp, CFA – Myriam Ferran, CFA – Eric Labbé, CFA – Alexandra Pailhes, CFA

NOMINATION PROCEDURE

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NOMINATION COMMITTEE

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A list of potential candidates based on the contribution and proposals of each nominating committee member is created The committee proceeds to the vote based on the cognitive diversity metrics below:

• 20% Diversity: gender, seniority, culture, life experience…
• 25%

Professional experience, profile, technical proficiency

• 15%

Personality: challenger, emotional intelligence, out-of-the-box thinker

• 15%

Specific additional skills: law, marketing, communication, technology, strategy, entrepreneurship mindset

• 15%

International exposure

• 10%

Availability & volunteer experience

The votes are equally-weighted in the final results calculation A ranking is established between the candidates

NOMINATION PROCEDURE

AGM 2018-2019 20

VOTING PROCEDURE & CANDIDATES

Eric Labbé, CFA General Secretary

VOTING PROCEDURE & CANDIDATES

The online voting has been declared closed on September 3, at 6.30pm.

• 2 assessors (active members, excluding candidates) will be called
• 1 director will be elected amongst the candidates (bio in proxy)

Each bulletin must be filled out completely: all candidates must receive a vote

(“For”, “Abstain” or “Reject”)

A bulletin with a missing vote for one or more candidates will not be valid and will be excluded from the ballot The first directorship will go to the candidate having received the highest number of votes “For” If two candidates receive an equal number of votes “For”: The candidate with the lowest number of “Reject” will take the directorship

AGM 2018-2019 22

VOTING PROCEDURE & CANDIDATES

If several candidates receive equal number of votes “For”, “Abstain” and “Reject” for the available seat: The candidate with the highest membership seniority (“ancienneté d’adhésion”) will take the seat To be elected, a candidate must receive a higher number of votes “For” than “Reject” CANDIDATE PROPOSED BY THE NOMINATION COMMITTE CANDIDATES

Romain DEVAI, CFA Fabrice, ADRIEN, CFA Gad AMAR, CFA Adrien AULAGNIER, CFA Tatiana BADOVA, CFA Charles-Edouard DREYFUSS, CFA Yijun FAN, CFA Thierry INIGUEZ, CFA Mourad LASSOUED, CFA Fabrice ROSSARY, CFA

AGM 2018-2019 23

VOTING PROCEDURE & CANDIDATES

Presentation of the Candidates

AGM 2018-2019 24

VOTING PROCEDURE & CANDIDATES

Please Proceed to Vote

AGM 2018-2019 25

VOLUNTEER AWARDS

Joëlle Harb, CFA Vice President

VOLUNTEER AWARDS

Alexis Audurier, CFA Ahmet Fall, CFA Jean Karbouyan, CFA Luc Paugam, CFA Philippe Auffray, CFA Yijun Fan, CFA Nicolas Kateb, CFA Laurent Pellerin, CFA Imad Barake, CFA Sébastien Fay, CFA Ahmed Khelifa, CFA Thomas Perrotin, CFA Pierre Bismuth, CFA Myriam Ferran, CFA Ibrahima Kobar, CFA Antoine Petit, CFA Sébastien Boulet, CFA Jean-François Bouilly, CFA Eric Labbe, CFA Jean-Philippe Dorp, CFA Axel Cabrol, CFA Kathleen Gailliot, CFA Rafael Le Saux, CFA Xavier Portefield, CFA Frédéric Caumon, CFA Guillaume Gosselin, CFA Simon Lechipre, CFA William Pouder, CFA Eric Chatron, CFA Sylvain Goyon, CFA Bob Leeming, CFA Salwa Rajaalah, CFA Nathalie Columelli, CFA Jean-Edouard Gross, CFA Chloé Lemarie, CFA Adam Rej, CFA Florent Combes, CFA Pedro Guerra, CFA Geraud Manhes, CFA Lewis Smith, CFA Julien Coudert, CFA Najat Hamrouni, CFA Touiti Marie Bornand, CFA Veera Somersalmi, CFA Nikolai Doinikov, CFA Joelle Harb, CFA Philippe Maupas, CFA Nicolas Tabor, CFA Mikael Dauvert, CFA Frans Harts, CFA Davide Mazza, CFA Mustapha Tachabount, CFA Gregory Derrien, CFA Christophe Haussman, CFA Xavier Menager, CFA Danilo Telles Zelinski, CFA Romain Devai, CFA Alejandro Hiniesto, CFA Julien Ménard, CFA Anna Tepliakova, CFA Patricia Donnelly, CFA Gabriel Houette, CFA Pierre Merveille, CFA Viviane Ting, CFA Thibaut Dorlet, CFA Gulshat Ibliaminova, CFA Mourad Mnif, CFA Irina Troussova, CFA Sarah Duparc, CFA Laurent Inglebert, CFA Diego Monteiro, CFA Severine Vadon David, CFA Jean Echiffre, CFA Jocelyne Jovène, CFA Inna Mufteeva, CFA Christine Verpeaux, CFA Najat El Mekkaoui, CFA Marc Kaadi, CFA Alexandra Paillhes, CFA Olivier Vion, CFA Anastassios Elemes, CFA David Kalfon, CFA Vincent Pansard, CFA Chen Zhao, CFA

VOLUNTEERS

AGM 2018-2019 27

Advocacy

Séverine Vadon David, CFA

Ambassador

Jean-Philippe Dorp, CFA

Audit

Xavier Ménagé, CFA

Back to France

Olivier Vion, CFA

Candidates

Marc Kaadi, CFA

Career Serie

Jean-Edouard Gross, CFA & Julien Ménard, CFA

Communication

Philippe Maupas, CFA

ESG

Eric Labbé, CFA

European Investment Conference

Jean-Philippe Dorp, CFA

Event

Irina Troussova, CFA

GIPS

Jean-François Bouilly, CFA

International Members

Myriam Ferran, CFA

Media Awards

Philippe Auffray, CFA

Membership & Volunteer Committee

Joëlle Harb, CFA

Mentoring Program

Alexandra Pailhes, CFA

Nomination

Joëlle Harb, CFA

Quant Award

Myriam Ferran, CFA

Research Challenge

Sébastien Boulet, CFA

Scholarships

Patricia Donnelly, CFA

Technology Finance

Alejandro Hiniesto, CFA

University Relations

Nathalie Columelli, CFA

Women In Management

Inna Mufteeva, CFA

VOLUNTEER AWARDS COMMITTEES

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VOLUNTEER AWARDS COMMITTEES

Ju Julie lien Ménard, CF CFA Mourad Mnif if, , CF CFA

AGM 2018-2019 29

Sharing Knowledge Award

Romain in Devai, i, CF CFA

VOLUNTEER AWARDS COMMITTEES

AGM 2018-2019 30

Creating New Bridge with Employers

Rémus Tir Tirdea, , CF CFA

VOLUNTEER AWARDS COMMITTEES

AGM 2018-2019 31

New Committee

Dio iogo Monte teir iro, , CF CFA

VOLUNTEER AWARDS COMMITTEES

AGM 2018-2019 32

First Year as Volunteer

Gabrie iel l Houette, CF CFA

VOLUNTEER AWARDS COMMITTEES

AGM 2018-2019 33

Supporting the Society

Niko ikola lai i Doin inik ikov, CF CFA Irin Irina Tr Troussova, CF CFA

VOLUNTEER AWARDS

THANK YOU for your Part rtnership!

Conference Partners Research Challenge Sponsors Prep Providers QuantAwards Sponsors Society Partners Platinum Sponsor Bronze Sponsor Conference Hosts

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RESULTS OF THE ELECTION

Eric Labbé, CFA General Secretary

RESULTS OF THE ELECTION

AGM 2018-2019 36

COCKTAIL & NETWORKING

Thank you for your participation!