Board's Action

Context

Governance

Agreed to alter the format of the 2008 Delegate Assembly

In light of financial challenges facing chapters, the national office, and society, and also out of concern for the environment, the Board agreed to alter the format of the 2008 Delegate Assembly from a face-to-face to an electronic meeting.

Finances

Approved the revised investment policy

The revised policy includes a provision to review the policy annually with the Finance Committee and includes a provision to rebalance the portfolio quarterly according to target weights; and updates the definitions of the large cap and small cap stocks.

Approved the FY 2008-09 budget

Revenue and expense budgets of $19,517,074 were approved by the Board.

Increased the minimum salary range for chapter executive directors

In order to retain competent chapter staff, the Board voted to increase the minimum salary range for executive directors by 8 percent.

Programs

Adopted the FY 2008-09 program plan

The new program plan was adopted with the amendment to accommodate the new format for Delegate Assembly. Other highlights of the program plan include meeting pension commitments for the Defined Benefit and Defined Contribution plans; having a visible role in the 2008 federal elections; continuing to fund the Social Work Reinvestment Initiative, co-marketing the 20th edition of the Encyclopedia of Social Work; expanding NASW’s international focus by launching “Social Work Across Nations,” and transitioning the NASW Communications Network to the NASW Foundation to institutionalize the Public Education Campaign.

Received the report of the National Committee on Racial and Ethnic Diversity (NCORED)

The Board accepted NCORED’s decision to continue to work with NASW Past President Elvira Craig de Silva’s diversity initiative and its request that the NASW Web site be used to disseminate information about NCORED activities in a timely manner, replacing the quarterly NCORED newsletter.