Constitution of SIdE
1. Aims and life of the association.
The “Società Italiana di Econometria”, hereafter referred to as “SIdE” is a free association as per Article 36 and following of the Italian Civil Code. SIdE is a scientific non-profit organization whose purpose is to promote econometric research and the study, dissemination and teaching of econometrics in Italy, as well as to foster international scientific collaborations. SIdE organizes activities aimed at achieving the statutory goals, such as conferences, workshops, institution of scholarships, courses, publications, etc.
Moreover, SIdE promotes scientific collaboration between econometricians in Italy and abroad and welcomes the participation in SIdE by young scholars in an early stage of their career.
To achieve the goals set forth in this Constitution, SIdE may take any action it deems appropriate or otherwise necessary; more in detail, SIdE may:
1 rent property to be used for its activities;
2 manage the assets owned, donated to, rented by or otherwise received and held by SIdE;
3 acquire assets or property and, more generally, sign contracts, acts and agreements of any kind, including with public and private entities, including for the funding of institutional activities in this constitution; release collateral and guarantees to third parties.
The University of Bologna hosts the headquarters of SIdE.
2. Society members
SIdE admits as regular members persons who have an interest in econometrics. Regular members of SIdE are admitted upon application to the Steering Committee. Together with the application to SIdE, prospective members give their consent to the distribution of their CV and list of publications, in the spirit of disclosure of research in econometrics exposed in the goals of SIdE. The interest in econometrics is identified by the curriculum of studies and/or the scientific or professional career. The Steering Committee resolution approving the application of new members is approved by an absolute majority rule.
Membership is lost upon withdrawal, for missing payment of the annual dues or for serious misbehavior. The decision of exclusion for serious misbehavior is adopted by a majority of regular members following a proposal by the Steering Committee.
3. Officers of SIdE
The life of the association is organized with the help of the o the Steering Committee; o the President and Vice Presidents; o the Assembly of regular members.
The Steering Committee includes six regular members plus a President and two Vice Presidents; the term of all these offices is three years. Each member can cast one vote for each appointment and she/he may be elected to the Steering Committee. The Secretary and the Treasurer are appointed by the Steering Committee among one of its members; the Steering Committee also oversees the preparation of all financial statements of SIdE.
The Steering Committee shall meet whenever the President or any other member of the Steering Committee deem necessary. For the validity of the Steering Committee meetings, the presence of the majority of Steering Committee members is required; the resolutions shall be adopted by a majority rule.
Each calendar year, regular members re-elect one third of the Steering Committee, i.e. two regular members and one Vice President (President-Elect). The newly elected President-Elect spends one year as Vice President, she/he becomes President in the following year and becomes again Vice President (Past-President), the third year in office. After each mandate in the Steering Committee, a member can be re-elected in the Steering Committee after a period of 6 (six) years.
The President is the legal representative of SIdE. The Vice-Presidents shall replace the President in case of absence or temporary impediment. The President or the Vice-Presidents, when acting as President, may delegate special authority to other members of the Steering Committee, to other regular members or to third parties.
4. Organization of the activities of SIdE – general Assembly of members
The Steering Committee shall organize the activities of SIdE and it has all the powers for the regular and the extraordinary management of SIdE. For each sector of activity of SIdE, the President shall charge a member of the Steering Committee with managing that area for organizational purposes. In order to better regulate the activities and the organization of the life of SIdE, the Steering Committee may write an internal body of rules and procedures (By Laws), respecting the fundamental principles of this Constitution.
The Steering Committee shall convene the general Assembly of the members. The general Assembly may also be requested by the majority of regular members, who propose the agenda. In this case the Assembly shall be convened within thirty days after the receipt of the request.
The budget of SIdE is approved by all regular members by April 30 in every calendar year. The minutes of each Assembly must be prepared by the Secretary of the Steering Committee or by his/her deputy. The minutes, signed by the President and the Secretary or the Secretary deputy, are kept in SIdE archives and all members have access to them.
The call for the general Assembly should be posted in the headquarters of SIdE, and sent via registered mail, or by hand, e-mail or fax with proof of receipt, at least eight days before the meeting. In urgent cases, this period can be decreased to three days before the meeting.
It is possible to hold meetings of the Assembly by tele- or video-conference, with members located in various adjacent or distant locations, provided the following conditions are met and acknowledged in the minutes of the meeting: – the President and the Secretary must be in the same location; they shall write and sign the minutes; – the chairman of the Assembly must be able to ascertain the identity and legitimacy of all members that are present at the meeting, to regulate the course of the meeting and to declare the results of each vote; – the Secretary must be able to collect all relevant information and documentation to be included in the minutes; – all members that participate at the meeting must be able to speak and to vote simultaneously on each item on the agenda, as well as to view, receive or transmit relevant documents.
The procedures for voting of regular members include the possibility of distance voting; the details of this are regulated under a set of By Laws.
The Assembly at the “first call for meeting” is considered regularly constituted with the presence of a majority of the members. The Assembly, at the “second call for meeting” is considered duly constituted regardless of the number of members that are present. The resolutions are approved if they get a favorable vote by the majority of attending members.
Any amendments to the Constitution, approved by the Steering Committee, must be ratified by the general Assembly.
5. Financial Organization
The financial resources of SIdE comprise the annual membership fees established by the Steering Committee, the income generated by activities of SIdE and by all contributions and donations.
6. Transitional rules
The first Steering Committee of SIdE, including the President and the Vice Presidents, shall be appointed by the Steering Committee of the Centro Interuniversitario di Econometria (CIdE), indicating the number of years in which each member remains in office. For the first 3 (three) years of SIdE, the Steering Committee will not be renewed.
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