finance committee

objectives

• provide oversight of the association’s financial resources by reporting accurate and reliable information to the aem board of directors.
• monitor, manage and protect the assets of the association by providing an adequate system of financial controls.
• recommend aem budget to the board and oversee the budget throughout the year.

responsibilities

review and recommend to the aem board of directors for approval:

1. the annual budget.
2. the investment policies and guidelines of the association.
3. external auditor selection and the annual audit.
4. a long-range program to assure the financial viability of the association.
5. any other finance-related tasks as directed by the aem board of directors.

2024 priorities

• monitor aem 2024 actual financial results versus budget.
• monitor aem cash flows and financial viability of individual exhibitions, programs and services.
• continue to assess financial projections for aem with an emphasis on the conexpo-con/agg 3-year show cycle, currently 2024 to 2026.
• review and recommend aem 2025 budget to board of directors for approval.

leadership

• chaired by the aem treasurer. serves a one-year term. elected by the aem board of directors each november. in practice, treasurer serves two to three consecutive one-year terms.

composition

• 15 to 18 members. a cross-section of individuals is selected based on financial, aem trade show and 2022世界杯南美区预选赛 background.
• aem seeks top or high-level executives and financial leaders from member companies to serve, with an emphasis on diversity of race, ethnicity, gender, age and background along with diversity of product groups.
• the committee aims to have a 70-30 split between directors and non-directors.
• terms of two years with approximately 50% of the committee anticipated to turn over each year.

meetings

• three to four virtual meetings throughout the year depending on activities and issues.
• in-person meeting attendance at aem’s milwaukee office is welcomed.