Annual Meeting: Thursday, June 7, 2007

The Wharton Club of New York
Annual Meeting
Thursday, June 7, 2007
Hosted by Skadden, Arps, Slate, Meagher & Flom LLP

Attendees:
Kenneth Beck
Jason Breemen
Diana Davenport
Nigel Edelshain
Ruth Colp-Haber
William Haddad
Regina Jaslow
Kofi Kankam
Allen Levinson
Dana Michael
Tom Oser
Alan Riffkin
Stephanie Shaw
Anna Napolitano

Thanks to Clifford Aronson of Skadden for hosting this meeting.

1. Chairman’s Remarks (Nigel Edelshain)
The meeting was called to order by Nigel Edelshain and the minutes of 03/08/07 was reviewed.
Motion to accept minutes:

Motion: Allen Levinson
Second: Kenneth Beck
Unanimously Accepted
2. President’s Report (Ken Beck)

I. Joseph Wharton Dinner
II. Communication
III. Board Elections

1. Joseph Wharton Dinner
Kenny reported that the by-laws required an annual meeting once per year. He informed the Board that there would be no Treasurer’s report as the Treasurer was in absenture, but that he would provide some basic numbers. Kenny reported that 2006 was an extremely successful year for the Club at a number of different levels. One highlight was the Joseph Wharton Awards Dinner which became a huge success after a 15 + year eatus. The event was targeted at senior alumni, sold out at over 350 people in the Rainbow Room and 4 Joseph Wharton Awards were given out to the following recipients:

- Alvin V. Shoemaker, Esq., W '60 HON '95 – Lifetime Achievement
- Harold W. McGraw III, WG '76 - Leadership
- Connie K. Duckworth, WG '79 - Social Impact
- Josh Kopelman W '93 - Young Leadership

This dinner is the first of a five year plan to develop the JWAD into the Academy of Awards for Business, and served as part of the plan to develop an endowment (non legal) that will gain interest over a five year period as security in the bank for the Club .

II. Communication
The Club is working hard to improve thee communications and institutional memory of the organization. The Annual Report Binder is the 2nd in a step in this direction. The binder is comprised of the agenda, minutes, divisional reports, by-laws, organizational chart, and for the first in years we have a 2008 meeting calendar that will also be posted on our website. To segment this we will have Board Meetings 4 times a year, VP Meetings 8 times a year, 1 Annual Planning Meeting and 2 Volunteers` Orientation. These meetings will segway nicely into the HR role under Diana Davenport’s leadership.

Diana has been steadily figuring out how to track, take care of, keep happy and process volunteers. The idea is to improve upon what we do if someone wants to volunteer. The approach is to invite them to a volunteers orientation where they will (i) get a quick overview about the organization (ii) be directed to different VP’s (iii) be assigned to the appropriate committee (iv) be placed on the spot and (v) tracked on our website. There is a volunteer guidebook also on our website with all the information required.

- Our finances have never been better in 20 years. We have 260K in the bank, we have a Budget & Planning process for the first time, and everything is operated at Break- Even.
- We have the best work relationship with the school under the Penn Club.
- Events are run on a regular basis but the focus is on small target events.
- The Club’s Newsletter is outsourced.

Some of the volunteer positions that are filled as part of the process of matching the turnover in the organization are:

VP of Business Development
Angel Network Chair
Capital Clearing House Chair
CEO - SWAT Team
Sponsorship Chair
Member Benefits Chair
Job Board Chair
Speaker Committee Chair
HR Chair
Affinity Group Chair

Elections:
Kenny reported that as part of revamping the by-laws, we have implemented successful our first electronic elections which is a huge step forward for the organization. This was designed to be a PR tool for the Organization to get the Alumni involved. The results of the test process are as follows:

Johannes Albeck – 37 Votes
Kenny Beck – 39 Votes
Rosemarie Bonelli – 37 Votes
Ruth Colp-Haber – 32 Votes
Nigel Edelshain – 35 Votes
William Haddad – 36 Votes
Allen Levinson – 34 Votes
Dana Michael – 34 Votes

Regina Jaslow was nominated as a new board member and received 35 votes.

New Business (Nigel Edelshain)
Alan expressed his concern for the Board Members personal e-mail addresses on the website for security reasons.
Kenny said he has spoken Boaz our Web Engineer and will do follow-up.
There being no further business to discuss this concluded the elections of our officers and the end of the annual meeting

Motion to adjourned Annual Meeting
Motion: Regina Jaslow
Second: Nigel Edelshain
Unanimously Accepted

Minutes respectfully submitted by Stephanie Shaw