NSCP is a nonprofit, membership organization dedicated to serving and supporting compliance professionals in the financial services industry in the U.S. and Canada. NSCP is the largest organization of financial services industry professionals devoted exclusively to serving compliance professionals. The principal purpose of NSCP is to enhance compliance in the securities industry, including firms' compliance efforts and programs and to further the education and professionalism of the individuals implementing those efforts. Accordingly, NSCP’s sole focus is on the interests of compliance professionals and enhancing their effectiveness as they help guide their firms to achieve outcomes that promote investor protection and market integrity.
Board members act in the broad interest of NSCP, not as representatives of specific constituencies. Therefore, those you nominate (yourself included, if you choose) should possess qualities of vision and leadership and be able to commit the time and energy required for a three-year term beginning on Sunday, October 20, 2019 at the Board’s in-person Board meeting at NSCP’s 2019 National Conference in Baltimore, MD.
Prerequisites for Board Nomination:
- NSCP member in good standing for the prior three years, unless formerly ineligible for membership; e.g. ex-regulator.
- Active engagement as a NSCP volunteer. For a list of the types of activities that demonstrate active engagement please see the following link. https://nscp.org/volunteer-home/
The Nominating Committee seeks candidates who will bring wisdom, effectiveness, diversity, candor and creative thinking to the Board. In choosing among candidates to develop the nominee slate, in addition to other relevant factors, the Nominating Committee considers each candidate’s background and experience in the following areas:
- Technical competency and knowledge of securities compliance best practices, rules and regulations and industry standards;
- How the candidate’s professional background and contributions will complement those of the current Board members and other nominees;
- Both strong oral and written communication skills;
- The candidate’s demonstrated integrity, objectivity and discipline;
- Active engagement in NSCP activities.
The following FAQs describe what it means to be a member of NSCP’s Board of Directors:
How many Board of Director slots are open for 2019? What criteria does the Nominating Committee consider in reviewing and choosing a slate of Board nominees?
There will be six Board of Director’s seats open for 2019. Per NSCP by-laws, the Board has discretion to not fill all open Board seats.
In evaluating each individual being considered for nomination to the NSCP Board of Directors, the Nominating Committee’s considerations include, but are not limited to the following criteria:
- Length of time in the securities compliance profession.
- Seniority of position with current employer.
- Previous positions held, including, in particular, positions with industry regulators.
- Area(s) of expertise.
- Length of NSCP Membership.
- Absence of adverse regulatory history.
- Demonstrated commitment to and participation in NSCP’s continuing and ad hoc efforts.
- Distribution of firms (by geography, size, business activities).
- Previous board experience.
- Board composition. At least two-thirds of the Board of Directors shall be persons that provide in-house compliance-related services to companies within the financial service industry and no more than one-third of the Board of Directors shall consist of third-party service providers or vendors.
What do Board members do?
- Oversee the corporate and financial governance of NSCP.
- Ensure effective strategic planning.
- Review and approve proposed budget and dues structure.
- Support and evaluate the performance of Executive Director.
- Serve as an ambassador for NSCP by encouraging compliance professionals to join as members and participate in events and programs.
- Participate in NSCP conferences and educational offerings.
- Participate on Board and NSCP committees and if desired, speak at NSCP conferences.
- Assist NSCP staff when requested.
When do Board members meet?
Board members meet bi-monthly for a 75-minute conference call with the exception of the in-person Board meeting, held prior to NSCP’s National Conference at the conference location and annual business meeting during the conference. Board members are expected to attend all bi-monthly Board meetings, with exceptions only as outlined in NSCP’s Board Attendance Policy. Attendance at the in-person Board meeting and annual business meeting is mandatory.
Board members may also convene for ad hoc Board meetings to address specific challenges facing the association or to review organizational, financial or governance matters.
How long do Board members serve?
Elected members serve three-year terms. Board members in good standing are eligible for a second term.
Are Board members compensated?
Board members receive no compensation or honoraria for the services. Board members receive complimentary registration to NSCP conferences.