BYLAWS OF THE INTERNATIONAL ECONOMICS AND FINANCE SOCIETY

China

SPECIAL DECLARATION OF IEFS CHINA:

It is the special declare that we, IEFS China, as the regional chapter of IEFS, will follow the nature and framework of bylaws of IEFS and do our best to adopt the articles of bylaws of IEFS as many as possible, while modifying some non-proper parts in the original bylaws of IEFS and making them be suitable for IEFS China. We have obtained the permission of IEFS for using and modifying bylaws of IEFS to form bylaws of IEFS China.

ARTICLE I - NAME

This organization will be named the China Chapter of the International Economics and Finance Society.

ARTICLE II - OBJECTIVES

1. The objectives of the Society will be:

a. to encourage research in international economics and financial economics and to promote professional communication among researchers in these fields;

b. to facilitate cooperation and participation in research efforts among international economists and financial economists in the academic, private and government sectors;

c. to maintain close relations with professional organizations that share similar scholastic interests and concerns: the American Economic Association, American Agricultural Economic Association, Southern Economic Association, Western Economic Association, the Midwest International Economics Group, Chinese Economists Society, Chinese Economic Association in North America, China Economics Annual Conference, Chinese Society of International Trade, China Association of International Trade, the Southeast International Economics Group, the Financial Management Association, American Finance Society, Western Finance Association, other IEFS regional chapters, and other related academic associations; and

d. to sponsor programs and publications, to conduct other activities appropriate for a nonprofit professional society, and to foster the advancement of members.

2. These objectives may be furthered by professional means, including, but not limited to:

a. professional meetings and conferences,

b. information services,

c. a membership directory,

d. discounts on journal subscriptions, and

e. professional publications.

3. The term "professional" used herein does not imply an attempt at certification or determination of qualifying standards for the practice of international or financial economics. The term is used to denote the concerns of members of a learned society.

ARTICLE III - MEMBERSHIP

1. Any professional economist willing to pursue the objectives of the Society may apply for membership. Graduate students in economics or related fields may apply for nonvoting junior membership.

2. Membership will be granted, subject to approval of the Executive Committee, upon submission of a written application and payment of the first year's dues, as determined by the Executive Committee.

3. Any institution sharing an interest in the objectives of the Society may apply for institutional membership upon payment of the first year's dues, as determined by the Executive Committee.

ARTICLE IV - MEETINGS OF MEMBERS

1. There will be an annual meeting of the members at a time and place determined by the Executive Committee (see Article VI). At the Annual Meeting there will be a business session for the report of the Executive Committee, consideration of changes in the Bylaws, and other items of business.

2. Special meetings of the members may be called at times and places determined by the Executive Committee, or by written request of at least 20 members.

3. All meetings will be called with at least thirty (30) days written notice.

4. Twenty-five percent (25%) of all Society members will constitute a quorum for business meeting of the members. Any decision or approval of the meeting requires a majority vote, except for amendments of the bylaws (see Article XVI). In the absence of quorum, recommendations of such a meeting will be circulated for approval by mail ballot with a provision of thirty (30) working days for response.

ARTICLE V - THE FOUNDING BOARD

1. Present members (i.e., members of the Society as of December 15, 2008) shall constitute the Founding Board. The Founding Board supervises the process of establishing the Society.

2. Until the Society is formally organized, the Founding Board will execute the functions of the Meeting of Members defined in Article IV above.

3. Rules for convening meetings of the Founding Board will be the same as for a meeting of the members of the Society.

ARTICLE VI - THE EXECUTIVE COMMITTEE

1. The members of the Secretariat of the IEFS will constitute the Executive Committee, which will:

a. manage the affairs of the Society,

b. fill all vacancies in elected positions of the Executive Committee in case of death or resignation until a successor is elected by the members,

c. call and organize meetings,

d. invest and administer funds of the Society, and

e. establish and appoint required committees.

ARTICLE VII - MEETINGS OF THE EXECUTIVE COMMITTEE

1. Meetings of the Executive Committee may be held at such times and places as necessary to carry out the business of the Society.

2. A majority of the Executive Committee will constitute a quorum.

3. Meetings of the Executive Committee may be called by the President, who chairs the meetings.

ARTICLE VIII - DUTIES OF OFFICERS

1. The Secretariat of the IEFS China includes the President, the Past-President, the Executive Secretary, the Treasurer, and the Editors-in-chief of any Society journals.

2. The responsibilities of the Secretariat can be separated by officer.

a. The President is responsible for coordination of activities of regional associations, especially those related to professional meetings; supervision of planning for annual meeting of the IEFS China; and chairing the annual meeting of the IEFS China. He is also the primary liaison of the Society with other professional associations. Moreover, the president will be responsible for contact with the Secretariat of IEFS on issues of mutual concern, supervision of planning for IEFS China meetings and chairing these meetings.

b. The President becomes the Past-President until a new President elected takes office.

c. The Executive Secretary is responsible for record-keeping on all members, including mailing lists and mass communications; correspondence of the Society with its members and with other professional societies; conduct of the routine of elections and other communication with potential members; processing of membership applications and updating of membership lists; and activity as "at-large" secretary for those IEFS China members not in regional associations.

d. The Treasurer is responsible for collection of dues from new members; supervision of annual solicitations to amass dues; management of the funds of the Society, including fiscal agency for expenses of regional associations; maintenance of accurate accounting records and preparation of annual reports of the Society's financial condition.

e. The Editors-in-chief for Society journals will be responsible for editorial supervision of journals and choices of editorial staff, including associate editors and referees.

f. The IEFS China could set up some regional associations if necessary. Presidents of regional associations will be responsible for contact with the Secretariat of the IEFS China on issues of mutual concern, supervision of planning for regional meetings and chairing the meetings of the regional associations.

3. Each regional association of the IEFS China will also have a Secretary- Treasurer. This individual will be responsible for record-keeping for the regional association, mailings of interest to members of the region, and supervision of and accurate accounting for expenditures undertaken by the regional association.

ARTICLE IX - ELECTION AND TENURE OF MEMBERS OF THE EXECUTIVE COMMITTEE

1. The President will be elected by majority vote of the membership. The term will be three years. This vote will take place by letter ballot, or electronic way, supervised by the Executive Secretary. The President for the next term can thus be simultaneously a member of the Secretariat, and will discharge his responsibilities.

2. The President for the next term will be elected in the second year of current President’s term, and will automatically becomes the President when current President’s term is due. The term will be three years.

3. The term of office of Executive Secretary and Treasurer shall be five years.

4. The term of Editors-in-chief will be determined in conjunction with the publisher of the journal.

5. The Executive Committee will appoint a nominating committee no less than one hundred twenty (120) days prior to the beginning of the term for which an election is to be held.

6. The Nominating Committee will prepare the official ballot containing names of candidates and any other persons nominated by three percent (3%) or more of the membership.

7. Official ballots will be mailed to all members at least thirty (30) days prior to the due date for return of ballots. Ballots must be returned by a date specified by the President and in a sealed envelope bearing the member's signature. Ballots will be counted by tellers appointed by the President and the results announced to the members.

8. As noted in Article IX, Paragraph 3, the term of office for Executive Secretary and Treasurer shall be five years. There shall be a term-limit of office of two consecutive mandates for any elected officer of the society.

ARTICLE X - COMMITTEES

Standing and ad hoc committees shall be appointed by the President in consultation with other members of the Executive Committee.

ARTICLE XI - FINANCIAL ISSUES BETWEEN IEFS AND IEFS CHINA, AND WITHIN IEFS CHINA

The financial link between IEFS and IEFS China and the membership dues and related fees will be determined by the Executive Committee in the future.

ARTICLE XII - RULES OF ORDER

1. The rules contained in Robert's Rules of Order shall govern the parliamentary procedure of all meetings of the Society and its Committees in all cases to which they are applicable, provided they are not inconsistent with these bylaws.

2. In the event of any inconsistency of Robert's Rules of Order and these bylaws, the procedures specified in the bylaws will prevail.

ARTICLE XIII - INTERPRETATION OF BYLAWS

All questions of interpretation of the bylaws will be decided by the Executive Committee.

ARTICLE XIV - AMENDMENTS OF BYLAWS

1. The bylaws may be adopted, annulled, or amended by the affirmative vote of majority of the members voting by letter or at the Annual Meeting.

2. No such action will be taken at the Annual Meeting unless the change in the bylaws is proposed by the Executive Committee or by written request of at least twenty (20) members. Notice of the proposed change must be mailed by the President to each member at least thirty (30) days in advance of the Annual Meeting.

ARTICLE XV - FOUNDING THE SOCIETY

1. For the officers of 2009, the President, Vice Presidents, Secretary, and Treasurer will be elected at the same time. After 2009, only the positions which term will be due within two years will be elected.

2. For the election of officers in 2009, the Founding Board will function as the Society as a whole. The Founding Board will be dissolved right after the Executive Committee is formed by the first election of the Society.

ARTICLE XVI - EFFECTIVENESS OF THE BYLAWS

These bylaws shall become effective immediately after it is adopted by at least two thirds of the Founding Board.

Last Amended: December 2008