What's At Stake
Quite literally US actuarial self-regulation is at stake because the trust of the actuarial profession and public are at stake. How can we submit ourselves to standards of practice when we can't see the process used to set them?
Actuarial Standards Board
The Actuarial Standards Board ('ASB') sets the actuarial standards of practice for actuaries who are members of any of the US-based actuarial organizations - the Academy, ACOPA, CAS, CCA or SOA.
Committee on Qualifications
The Committee on Qualifications ('CoQ') is an extremely important group even though not as many actuaries are familiar with the CoQ as the ASB.
Immediately after approving the agenda for the January 2018 Academy Board of Directors meeting, Bob Beuerlein, who was presiding at the meeting, moved the meeting into Executive Session.