Proposed Board of Director Resolution
October 8, 2018

The following resolution is submitted for consideration by the Governance Committee of the Association for Enterprise Opportunity Membership at their Annual Meeting on November 8, 2018.

Whereas the Governance Committee has reviewed the number and composition of our Board of Directors per Article V of AEO’s Bylaws;

Whereas the Governance Committee proposes to limit ex-officio members of the of the Board of Directors to one (1) ex-officio member, the AEO President/CEO;

Whereas State Microenterprise Association (SMA) members can continue to be elected and/or appointed to the Board of Directors as with all other AEO members.

Therefore, be it resolved that the Membership of the Association for Enterprise Opportunity approves the following change to the Bylaws as follows:

Article V: Board of Directors

Section 3. Number and Composition. The Board of Directors shall consist of no less than eleven (11) and no more than thirty-five (35) members who reflect the geographic, gender, racial, age, and cultural diversity of the membership. There will be one (1) ex-officio member with voting privileges, the AEO President/CEO. A simple majority of Board Members shall be Members.