IRIS Constitution

1. NAME

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The Investment Researchers in Infrastructure Society shall be known as IRIS.

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2. OBJECTIVES

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IRIS shall exist as a professional organisation to:

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i) Enhance transparency and improve infrastructure investments outcomes.

ii) Represent an objective reference on infrastructure investment strategy & research.

iii) Raise the profile of research in infrastructure.

iv) Facilitate networking and the exchange of best practices.

v) Support the development of climate and ESG analytics within infrastructure.

vi) Contribute to improving the quality of infrastructure performance data.

vii) Promote open discussions on investment trends and market evolution.

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3. MEMBERSHIP

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i) IRIS consists of:

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•   The Founder Members, provided their membership does not lapse, and

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•   Subsequent members nominated by the IRIS Board, provided their membership does not lapse.

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ii) Membership applications are considered by the IRIS Board. In considering candidates the IRIS Board shall pay regard to potential members being currently engaged in infrastructure investment research or in other fields relevant to infrastructure research, such as academics, data providers, consultants. Individuals involved in direct sales roles will not be accepted.

 

iii) Membership is generally priced at £90 per annum, a reduced fee for academics and students at £20 per annum applies. This discretionary membership allows IRIS members access to networking events and materials produced by IRIS. Membership fees shall be reviewed annually at the General IRIS Board.

 

iv) The IRIS Board shall have the power to suspend or expel any member, if in their opinion, after due consideration, he or she has conducted himself or herself in a manner unbefitting a member of IRIS.

 

4. MANAGEMENT

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i) The IRIS Board includes the Chair, the Vice Chair, a Treasurer, Founder Members and 2 other general members.

 

ii) The Chair, the Vice Chair, the Treasurer and the 2 members joining the board shall be elected annually at the Annual General IRIS Board.

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iii) The management of IRIS shall be in the hands of the IRIS Board, the Chair shall be responsible for Board meetings organisation and general administration, the Vice Chair shall be responsible for event management and IRIS media, including website and LinkedIn group, the Treasurer shall be responsible for the accounts.

 

5. BOARD MEETINGS

 

i) The IRIS Board shall meet at least four times a year. IRIS Boards shall take place each quarter, including March, June, September and December. A quorum shall be not less than five. The IRIS Board shall regulate its own business and keep proper minutes.

 

ii) The Annual General IRIS Board shall take place during the March session.

 

iii) Extraordinary IRIS Board shall take place when deemed necessary by IRIS Board Members.

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6. IRIS MEETINGS & EVENTS

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1) The IRIS Board shall have the power to organise:

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•   The Annual IRIS Networking event.

•   Other events and knowledge sharing sessions (in-person and remotely) relevant to IRIS objectives, aiming for one event per quarter.

 

7. IRIS FELLOWS

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i) IRIS may from time to time award Honorary Fellowships to members deemed to have made an Outstanding Contribution in the Field of Infrastructure Research or to have made an Outstanding Contribution to IRIS.

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ii) Honorary Fellows will be granted Life Membership of IRIS and will provide advice to the IRIS Board when necessary.

 

8. ACCOUNTS

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i) IRIS funds are to be kept in the name of the Society in a bank approved by the IRIS Board.

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ii) The IRIS Board shall submit the latest accounts at the Annual General IRIS Board for approval.