Pulse December/January 2024-25 | Page 72

ISPA BOARD BRIEFINGS

IN EARLY OCTOBER , the ISPA Board convened at The Broadmoor in Colorado Springs , Colorado , for its fourthquarter meeting . In addition to conducting the association ’ s regular business , the board toured the venue for the 2025 ISPA Conference .
Association Business l Each fall , the ISPA Board discusses and approves the upcoming year ’ s budget . Since the pandemic , ISPA ’ s finances have run on a calendar-year cycle to better align with the needs of the association than its previous July 1-June 30 fiscal year . l The board also carried out routine governance procedures , including a review of the annual ISPA Board Nominations process , which remains open to all eligible ISPA members . The board reviewed the annual officer election process in advance of elections set to take place in the January 2025 board meeting . l Incoming directors and newly-elected officers will assume their roles during the 2025 ISPA Conference .
ISPA Conference l A highlight of the meeting was a walking tour of The Broadmoor property and event space for the 2025 ISPA Conference . l The board received updates on all aspects of the event , including Registration , which had opened just before the meeting , as well as Expo sales and Sponsorship commitments . l The board also reviewed the contracted Education Sessions and evaluated remaining session topics that would resonate with attendees .
Strategic Discussion l Strategic discussions are a key part of every ISPA Board meeting . l In October , the board discussed the continued evolution of the association and the ISPA Conference . l In addition , the board brainstormed topics for the next round of consumer research conducted by PricewaterhouseCoopers , focusing on data that will be most valuable to members .
The annual ISPA Budget process involves multiple layers of oversight , starting with a review by ISPA Board officers and moving to further discussion by the Executive Committee before undergoing a final review and approval by the ISPA Board . This consistent process ensures the ISPA Board upholds its fiduciary responsibilities and protects the investments of every ISPA member .
PULSE n DECEMBER 2024 / JANUARY 2025 54