Veterinary Economics Strategy Committee - Entity Description

Charge/Objective:

The Committee is charged to advise the Executive Board on the broad scope of economic issues affecting veterinary medicine and make recommendations to the Executive Board to develop strategies for addressing economic issues. Specifically:

  • Review economics information and keep abreast of economic developments in the veterinary profession, and the economy in general.
  • Recommend studies and approaches to develop data and information that are valuable to the development of effective strategies to advance AVMA strategic economic goals.
  • Recommend summit meetings and conferences among key economic influencers and stakeholders, and provide assistance in their implementation, with the purpose to elevate and expand the profession's ability to identify problems and opportunities and develop strategies involving other organizations and individuals.
  • Recommend actions to develop and deliver information to the veterinary profession that will improve the profession's business knowledge, acumen, and financial success.
  • Respond to staff requests for advice on veterinary economics issues.

Membership:

The membership will be approximately 9 individuals who are knowledgeable about economic issues and the veterinary medical profession, and who are forward-thinkers, able to participate in critical strategic discussions, ask elucidating questions, and challenge assumptions. Committee members may represent diverse experiences and perspectives both in and outside the AVMA, and will include diversity among the appointees by gender, generation and ethnicity.

At its first meeting, the Committee will establish terms for all members of the committee using a random selection process such that there are three members in each of three term lengths. Terms will end at the close of the HOD annual session in the following years: 2013, 2014, 2015. All members will be eligible to serve a second term of 3 years.

Nominations will be solicited from the general membership and other stakeholders, and Committee members will be appointed by the Executive Board.

The Committee will elect a chair from among the Committee members for successive 1-year terms.

Meetings:

The Committee is authorized to hold up to three 2-day meetings at AVMA headquarters per calendar year, and conference calls as needed.

Funding:

Travel expenses are authorized in accordance with the AVMA Travel Policy.

Reports:

The Committee will submit minutes of its meetings.

Life Expectancy:

The Committee will be reviewed per policy after two years.