Duties
The President will oversee all club operations. This may include requesting and posting stock specialist rosters from volunteers, soliciting new Club partners, performing action as the liaison between the Club and outside contacts as required, maintaining Club web sites, determining the Club operations time table, assembling and submitting voting topics to the Club partnership, validating voting tabulations, submitting broker instructions, acting as moderators and any other action deemed to be in the best interest of the Club.

The Vice-President, will assist the president in his duties, and act as President, when the President is not able to function, or the position of President become open, until a new President is elected.

The Secretary, will assist the Treasurer and perform, in the absence of the Treasurer, the duties of the Treasurer.

The Treasurer will handle all financial aspects for the club at the direction of the Club majority and the President or Vice-President. The Treasurer will keep records of the Clubs current stock portfolio, Club partner payments, valuations, disbursements and partners interest as designated in the Partnership Agreement. The Treasurer will be responsible for all accounting reports as required by section #4 herein and upload the monthly valuation statements, year end valuation reports and necessary tax information to the Club message thread.

Each succeeding year, the President will, in December, solicit nominations from the general partnership for new officers, or if desired by partnership majority, acknowledge that the current officers will continue for another year. 

Partnership Duties
All Club partners will check in at least monthly and attempt to actively participate in the Club operations through the message thread. Partners should assume role responsibilities such as Research Chairman, Portfolio or Individual Stock Specialist or Market News Specialist. Further, GIC partners are expected to post constructive comments about Club Operations, legitimate investment opportunities and to make regular and timely payments to the Treasurer

Financial Reports
A monthly valuation statement will list all GIC assets, at cost and market values, a listing of each partner's ownership values and liabilities of the Club as of the last business day of the month. The year-end statement will reflect distributions of dividends, interest, short and long term capital gains, interest income and expenses for the year by total and by individual partners' listing. It will detail the portfolio reflecting lots of all shares bought & sold, their purchase price and date and the portfolios current market value

Meetings
Meetings are currently being held through a list service accessed through the Internet or any e-mail service. The Club has an Internet web page available through web browsers located at the address: http://www.gicghana.com. Partners will be expected to respond prior to tabulation of votes submitted to the general partnership monthly. Circumstances requiring absenteeism may be handled with an assigned proxy vote. Majority vote will rule the Club in all cases. For our purposes "Majority" will be based on those partners voting in any given round and not the Club total partnership. Participation rules!

Voting Procedure
For Stock Purchases The President, Vice-President, Treasurer, Secretary or designated Partner, will post the applicable voting agenda for stock purchase on or about the 1st of each month, closing out the voting process with the agreement of the majority of the Club partnership. Once majority vote is reached, the execution of said results will occur immediately after the majority vote has been achieved. The stock with the most votes each month is the chosen purchase. However, any partner may resubmit a favourite stock the following month to the Club if they choose to do so. Heavy message thread involvement discussing your choices and supporting data will go a long way towards persuading others to see its potential value before voting. Recommended Requirements for Posting A Stock for consideration. The following are suggested parimeters:

Current P/E below 5 Yr Historical Avg P/E
Good dividend record.
Be a Growth Company: 5 Yrs of Rising EPS

Club Expenses
All Club expenses will be authorized by a majority vote of the active partners of GIC. All partners of the Club will share all club expenses equally. (It is expected that these expenses will be Brokers fees and taxes.

Payments and Investments
Each GIC partner will make a minimum US$1000.00 payment to Databank payable to Ghana Investment Club. but recording date will be the date actually received by the Databank. GIC allows for hardship circumstances when the partnership is kept informed of the special situation. If it goes to a vote and passes majority rule, then the individual will be cashed out according to the Partnership Agreement

Club Objective
The Club objective initially was to reach a minimum of 100,000 GHCedis cash and achieve asset value of 500,000 GHCedis in 5 years.:
(A) Reinvest All Earnings
(B) Invest In Growth Companies
(C) Diversify Our Portfolio

Monthly Schedule
The schedule which reflects our monthly routine (considerations given for current events) is:
(a) From the 1st through the end of the month, partners may submit one or more stock suggestions to the partnership and research and appropriate dialog will take place.
(b) On the 1st of the following month the applicable voting agenda for the stock purchase will be posted and voting will commence allowing for tabulation until a majority is determined and execution of Club purchase decisions.

Partnership Limits 130. Resolution of Active partners may increase this number by majority vote. Request for new partnership approval must be submitted to the Club partnership for majority approval. Changes To GIC's Agreement and Outline The Partnership Agreement and the Club Outline can only be changed by a 2/3rds majority vote of the active partners. When changes are made, all active GIC partners will have access to the new document