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Treasurer

Basic Function

The Treasurer is a national officer of the American College of Obstetricians and Gynecologists. As an ACOG Board of Directors member, this position is responsible for ACOG’s general management and governance.

Consistent with ACOG's Commitment to Diversity, Equity and Inclusive Excellence, we are dedicated to having a Board and organizational culture that is diverse, equitable, inclusive, anti-racist and founded in justice for our membership and the people they serve. The Treasurer will be asked to assist in supporting this commitment.

Primary Responsibilities

The Treasurer has fiduciary duties to ACOG including the duty of care and the duty of loyalty. All ACOG Board of Directors responsibilities must be carried out in good faith, with reasonable care, honesty, and due diligence in a manner that is in the best interest of ACOG, not to any constituent group.

The Treasurer oversees the financial aspects of ACOG, including responsibility for collecting all monies, making authorized disbursements, arranging an annual audit of ACOG’s accounts, and reporting on these activities at ACOG Board of Directors meetings and Annual Business Meetings. The Treasurer works closely with the Chief Executive Officer and the Chief Financial Officer in this role. The Treasurer is a member of the Executive Committee. The Treasurer is responsible for reviewing selected documents for consistency with ACOG policies and also prepares documents, agendas, reports or other materials for the business of ACOG. The Treasurer must be available to participate and vote on issues between meetings that require approval.

The Treasurer attends the following regularly scheduled meetings:

  • ACOG Board of Directors Meetings
  • ACOG Board of Directors Retreat
  • ACOG Board of Directors Orientation
  • Executive Committee Meetings
  • Grievance Process Ratifications
  • Annual Clinical and Scientific Meeting
  • Annual Business Meeting
  • Annual District Meeting (of their district)
  • Interim District Meeting (of their district)
  • Committee on Finance
  • Subcommittee on Insurance
  • Compensation Committee
  • Annual Treasurers’ Conference
  • Ob-GynPAC Governing Committee
  • Presidential Task Forces (if appointed, and meeting is at time of a Board meeting)

The Treasurer may be asked to serve as a Board liaison to one or more committees.

Election and Term of Office

The Treasurer will be elected according to the bylaws and policies and procedures established by the ACOG Board of Directors. The Treasurer will serve a two-year term of office. The Treasurer is not eligible for re-election to that position.

During their term of office, the Treasurer shall be under bond upon such terms, conditions, and amounts affirmed by the ACOG Board of Directors.

Honorarium

An honorarium is provided to the Treasurer for the duties performed and meetings attended by the person in this position. The honorarium may be adjusted depending on circumstances determined by ACOG policies and procedures. The Compensation Committee determines the honorarium level annually.