MSRB Reports, Feb 1998 -- Recommendations Requested for Board Nominations

MSRB Reports February 1998, Volume 18, Number 3

Attention! Attention!

Recommendations Requested for Board Nominations

Route To:

Manager, Muni Department

Notice

The 1998 Nominating Committee requests recommendations of persons to be considered for five Board positions opening on October 1, 1998.

MEMBERSHIP REQUIREMENTS

The Board, established by Congress in 1975 to act as the primary rulemaking body for the municipal securities industry, consists of 15 members--five representatives of bank dealers, five representatives of securities firms and five public members. One public member must represent issuers and one investors. Public members may not be associated with a securities firm or bank dealer other than by reason of being under common control with, or directly controlling, any broker or dealer which is not a municipal securities broker or municipal securities dealer.

When making recommendations, keep these Board membership requirements in mind:

Two public representatives, two bank dealer representatives and one securities firm representative must be elected this year to ensure equal representation in each category;
Municipal securities dealers of diverse size and type must be represented; and
Wide geographic representation must be maintained.

PROCEDURE FOR RECOMMENDING CANDIDATES

1. Print and complete the form on the following page or a photocopy of that form. (Additional forms may be obtained from the Board's offices). The following information must be included on the form:

The name, business affiliation, business address and telephone number, home address and telephone number and category (bank dealer, securities firm or public representative) of the individual recommended. (Item 1)
The educational and professional background of the individual recommended. (Item 2)
The proposer's name, business address, telephone number and professional relationship (if any) to the individual recommended. (Item 3)
The affiliation (if any) of the individual with any broker, dealer or municipal securities dealer. (Item 4)

2. Determine in advance that the individual recommended is willing to serve on the Board.

3. Submit recommendations no later than March 13, 1998 to:

Phyllis E. Currie
Chairman, Nominating Committee
Municipal Securities Rulemaking Board
1150 18th Street, NW
Suite 400
Washington, D.C. 20036

Recommendation Form

Terms of Present Board Members