Board Meeting Minutes
Radiochemistry Society
(Board Meeting Minutes: July 13, 2007)
(2:30 pm EST via Conference Call)
Board Members:
Present: Larry Burchfield, PhD, Bruce Kaiser, PhD
and Tim Bivens.
Absent: Chuan-Fu Wu, PhD
Quorum present? Yes
Proceedings:
Meeting called to order at
2:34 pm EST.
1. Meeting agenda with
following items as sent to all board members on July 9 and July 13, 2007.
2. Larry Burchfield will
be submitting a revised Governance Documents for the Radiochemistry Society per
Best Practices outlined by the American Bar Association. This review process will also include
documents provided in previous meeting minutes dated March 17, 2006.
3. Financial Report Given by Larry
Burchfield for 2007:
TOTAL ..........
$133,805.88
Expenses .......
$104,938.25
Receivables.....
$17,754.39
Payables.........
$8,463.58
NET................
$38,158.44
(note: Gross
Revenues for all of 2006 was approximately $154,000.00)
4. Web Site Stats for
2007, through June: avg. of 130,000 page impressions per Month (1 million hits)
with average of 125 Countries Visiting.
5. Discussion on how to generate revenue
on website sponsorships. Tim Bivens suggested that this will be done via
personal company contacts for
marketing sponsorships. Suggested areas of focus perhaps would be within the
field of chemistry or similar areas.
6. Suggestions were made for addition of
new Board Members. It was also suggested that someone that could serve in a
technical capacity that has success in internet marketing would be an excellent
addition. Bruce Kaiser supported
the addition of both Dennis Wester and Rusty Holden (as nominated by Larry
Burchfield).
7. Larry Burchfield made a motion for
acceptance of a $25,000 Line of Credit being offered by the Bank of America. All voted in favor of this motion.
8. A motion was made to accept these
minutes as binding and official record of the Radiochemistry Society.
9. Meeting adjourned at 3:25 pm EST.
Meeting minutes submitted
and record by the Corporate Secretary, Mr. Timothy Bivens.