Constitution & Bylaws

Why this Club exists

We, the students of Campolindo High School, establish the Campolindo Investor Society because the knowledge of how money works is not taught to us here, and because we are unwilling to wait until after graduation to learn it.

Our school prepares students to build, to design, and to create. It does not yet prepare them to earn, to save, to invest, or to give. Nearly every decision a person makes about their own security, their family, and their future runs through that knowledge, and it is the one subject we are expected to acquire on our own.

This Club exists to close that gap. We commit ourselves to three things: to teach financial literacy to any Campolindo student who wants it, regardless of prior experience or means; to manage capital with the seriousness of people who understand that it is not their own, under the supervision of our school and our advisors; and to return what we earn to the students around us, so that the work of this Club funds the work of others.

We further commit to building something that outlasts us. Leadership here is placed deliberately in the hands of underclassmen, records are passed forward by rule rather than by favor, and no position is held for more than a single year. A club that depends on its founders is a club with an expiration date, and that is not what we are building.

To these ends we adopt this Constitution.

Name and Purpose

Section 1 · Official Name

The official name of this organization shall be the Campolindo Investor Society (hereinafter referred to as "the Club").

Section 2 · Purpose

The purpose of the Club is:

1. To promote financial literacy to students of all backgrounds, economic thinking and understanding, and investment fundamentals.
2. To teach the principles of fundamental research, portfolio diversification, risk management, and valuation techniques.
3. To provide hands-on experience in portfolio tracking and pitch evaluation through both simulated and real money scenarios.
4. To foster collaborative discussion, leadership skills, and ethical decision-making.
5. To produce original educational material, including written publications and course content, for the use of Campolindo students and the school's own courses.

Membership & Eligibility

Section 1 · Eligibility

Membership is open to all currently enrolled Campolindo students who are in good academic standing, regardless of prior financial knowledge or experience.

Section 2 · Member Requirements

Active members in good standing must:

1. Attend at least 75% of regularly scheduled club meetings per semester, including active attendance during meetings.
2. Participate actively in the work of their assigned board, including sector discussions, group research projects, stock pitch activities, or content production.
3. Abide by the Code of Ethics outlined in Article VIII.

Section 3 · Active Member Roster

The Partner of Outreach & Records shall maintain the official roster of active members and their Board assignments. This roster determines the total membership figure used to calculate quorum and voting thresholds under Articles V, VI, and X.

Structure & Leadership

Section 1 · Organizational Structure

The Club is run by a Board of Directors of three, beneath which sit six club officers, across two Boards. Every member belongs to one Board.

The two Commissioners and four Partners are the Club's six ASB club officers. The Directors sit above them and sign the ASB registration alongside them. Associates and Analysts are not club officers.

The two Boards are:

1. Board of Investors & Analysts. Coverage, pitches, both portfolios, competition.
2. Board of Research, Publishing & Networking. Publications, social media, outreach, events, Club records.

Section 2 · Board of Directors (3)

The Board of Directors runs the Club and holds final internal authority, subject to the Faculty Advisor. It decides by two to one majority.

Succession. Presiding authority passes from the Chairman to the Director of Investors & Analysis, then to the Director of Research, Publishing & Networking. During the founding year it passes among the Co-Chairs in the order recorded on the ASB registration. If no Director is able to attend, the meeting is cancelled.

Section 3 · Commissioners and Partners (6)

Each Board is led by a Commissioner, who is supported by two Partners. All six are ASB club officers and answer to the Board of Directors.

Who these seats are for

• Partner seats are intended for underclassmen, though they are not limited to them. A freshman or sophomore who does the work should expect to hold one, and the Club is built so that they can.
• Commissioner seats are intended for juniors and seniors, who carry a Board and the members inside it.

At least two of the four Partner seats must be held by freshmen or sophomores. This requirement is not waivable, and it exists so that leadership and institutional memory survive each graduating class.

Section 4 · Ranks

Every member holds a rank. Rank is earned through work produced, not seniority or grade level.

• Promotion to Associate on the Board of Investors & Analysts is considered every second meeting, beginning after the fifth meeting of the academic year. The first five meetings are a settling period during which no promotions are made.
• The four Associates on the Board of Research, Publishing & Networking are chosen by the Board of Directors at the start of the academic year and hold the seat for the full year.
• No rank is permanent. A member who stops producing may be returned to Analyst by the Commissioner of their Board.
• Rank carries no authority over funds and does not by itself make a member a club officer.

Promotion standards and the duties attaching to each rank are set out in the Handbook of Roles.

Section 5 · Elections & Term Length

• Term: All positions are held for one academic year (August through May).
• Elections: Held annually during the month of April for the upcoming academic year.

Election to the Board of Directors

A Director seat is not won by popular vote. It is earned in two stages, and the final decision rests outside the Club.

1. Pitch or apply. Any active member may stand, either by pitching to the general assembly or by applying in writing to the sitting Directors.
2. First interview. The candidate interviews with the Board of Directors, which advances them or does not on a two to one majority.
3. Final interview. Advanced candidates interview before the Moraga Education Foundation finance committee, which makes the final decision.
4. Recording. The Partner of Outreach & Records enters the outcome in the Club record.

All other positions

• Ties. Where an electing body is tied, the Faculty Advisor casts the deciding vote.
• Partner of the Portfolio eligibility: Candidates must have completed at least one full semester as an active member and are subject to explicit approval by the Faculty Advisor.
• All elections and appointments are subject to final approval by the Faculty Advisor.

Faculty Advisor

Section 1 · Role & Oversight

• The Club must maintain at least one active Faculty Advisor who is a full-time staff member at Campolindo.
• The Advisor oversees all meetings, ensures alignment with school regulations, provides educational guidance, and retains final authority on all external partnerships or official financial activities.
• The Advisor holds authorization authority over all real Club funds as described in Article VII.
• The Advisor reviews all material published externally.

Meetings & Operations

Section 1 · Meeting Frequency

General body meetings

• Held every two weeks on Thursday or Friday, at lunch or after school.
• Typical locations for the 2026–27 school year: Room C4 (Gavin Mack) on Thursdays, Room C3 (Audrey Burns) on Fridays. Location may vary.

Partner and Directors meetings

• Held weekly on Thursday or Friday, at lunch or after school. Location may vary.
• Attendees: the three Directors, the two Commissioners, and the four Partners.

Section 2 · Quorum, Voting & Authority

Every member votes

The Club is a one member, one vote organization. Every active member present votes on every stock the Club invests in, in both portfolios, regardless of rank, board, or grade level. Rank determines who researches and who leads. It does not determine who decides.

• Threshold: a simple majority of everyone present. Where three stocks are pitched, the stock with the most votes carries.
• Ties: broken by the Board of Directors on a two to one ruling.
• Quorum: at least one-third of active members present, including at least one Director.

What the officers decide instead

The eight officers decide the operating budget, the meeting calendar, programming, competition entries, and grants to other Campolindo clubs, by simple majority of officers present, with at least five of the eight present to be binding. Ties are broken by the Board of Directors on a two to one ruling. The officers do not decide trades. The room does.

Real money authority

A membership vote authorizes a real-money trade but does not execute it. No trade, disbursement, or commitment of real Club funds may proceed unless both the Partner of the Portfolio and at least one Director are present. Authority then moves in sequence, and no real-money action takes effect until every stage is complete:

1. Majority vote of the members present.
2. Faculty Advisor approval.
3. Financial Advisor approval, which is final.

Paper trading requires the membership vote alone.

Elevated quorum (elections and officer removal)

Requires a two-thirds ruling of the officers, and at least one-half of active members present for any vote of the general membership.

Recusal

• Where a vote concerns a Director, Partner, or Associate personally, including their own election, removal, or any matter in which they hold a direct interest, that person is recused and does not vote.
• The Faculty Advisor takes their place in the count for that vote only.

Record

• The Partner of Outreach & Records confirms consensus and notates the outcome of every binding vote, recording who was present, who was recused, and the final count.
• If quorum is not met, discussion may proceed but any vote is advisory only and must be retaken at a subsequent meeting.

Portfolio Guidelines

Section 1 · Who Manages the Money

• The Club does not hold its own money. Real Club funds are held and managed under the authority of the Moraga Education Foundation and the Campolindo School Board, in an account owned and controlled by the School or District. No student holds signature authority, withdrawal authority, or independent access.
• A Financial Advisor oversees the Club's investment activity and holds final approval over every real-money trade. No real-money action takes effect without it.
• The Faculty Advisor authorizes every disbursement and reviews every trade before it reaches the Financial Advisor.
• Real money trading may only occur once an official custodial framework has been formally authorized by the School Board and Administration.
• The Club also operates a paper trading portfolio on an approved virtual simulation platform. It runs on the same rules and the same votes, and requires no external approval to execute.

Custody, access, and reporting are set out in full in Article VII.

Section 2 · How the Club Reaches Consensus on a Stock

The Club buys by consensus of its members, not by decision of its leadership.

• Every stock is pitched to the room first. A standard meeting hears three and the Club invests in one.
• Every active member present votes, in both portfolios, regardless of rank, board, or grade level. The stock with the most votes carries; a single buy or sell carries on a simple majority.
• Ties are broken by the Board of Directors on a two to one ruling. The room may decline all pitches, in which case the capital is held.
• Paper trading executes on the vote alone. Real money requires the vote, then Faculty Advisor approval, then Financial Advisor approval, under Article V, Section 2.
• The Partner of the Portfolio executes and logs approved trades within one week.

Section 3 · Diversification & Risk Rules

To encourage prudent risk management:

• Single position limit: No single stock position may exceed 15% of total portfolio equity value at the time of purchase.
• Sector limit: No single sector (for example, Technology or Healthcare) may account for more than 30% of total portfolio holdings.
• Exception for diversified funds: Broad-market index funds and exchange-traded funds (for example, an S&P 500 index fund) are exempt from the sector limit, as they are diversified by construction. They remain subject to the single position limit.
• Prohibited instruments: Investments in highly speculative instruments (for example, penny stocks trading under $5, options, or unbacked cryptocurrencies) are strictly prohibited unless specifically permitted for educational demonstration.

Financial Controls & Access

Section 1 · Custody

The Partner of the Portfolio administers all three on behalf of the bodies that hold them, subject to Section 2.

Section 2 · Authorization of Real Funds

• All real Club funds shall be held in a designated account for Moraga Education Foundation funds, owned and controlled by the School or District. No student shall hold sole signature authority over Club funds.
• Every disbursement requires authorization by the Faculty Advisor or a designated school employee.
• No one may authorize a transaction alone. The Partner of the Portfolio and one Director must both record and confirm every entry in the ledger.
• Funds raised for charitable purposes must be tracked separately from Club operational budgets and reported to the general assembly.

Section 3 · Platform Access & Authority

• Sole authority over the website's permissions and access controls rests with the Faculty Advisor and the Campolindo technology department.
• Administrative power is held by the Board of Directors and the Commissioner of Research, Publishing & Networking, and may be delegated at their direction.
• Credentials are never shared outside these roles and are reset at each officer transition.

Section 4 · Platform Infrastructure & Costs

• The website is hosted on Vercel, registered through Cloudflare, with user data stored in Google Firebase.
• Domain registration, hosting, and API costs are paid from Club funds, subject to school approval. API costs include any data, market, or model service the platform depends on.
• Any change of provider, registrar, or data storage requires Faculty Advisor and technology department approval.

Section 5 · Reporting & Transition

• The Partner of the Portfolio reports on funds and portfolio performance to the general assembly monthly, and to the Faculty Advisor and administration on request.
• All records, ledgers, portfolio histories, published content, and credentials transfer intact to the incoming board at the end of each academic year.

Section 6 · Use of Investment Returns

Principal is never spent. Grants, donations, and fundraiser proceeds form the principal, which is preserved so the fund pays out in future years rather than being spent once. Only returns are distributable, and only realized returns: a position must be closed before any gain on it may be spent.

Annual allocation. Once per year, in April, the realized returns of the preceding twelve months are allocated:

• Grants are governed by Article IX. The Investor Society may not award a grant to itself.
• Programming spending follows the same approval chain as any other real-money disbursement.
• In a loss year, nothing is distributed and the principal is untouched. No club is owed a grant, and undistributed amounts are not carried forward.
• The Partner of the Portfolio reports returns, allocation, and every grant made to the general assembly and to any funder that requires it.

Code of Ethics & Morals

Section 1 · Standards of Integrity

All members agree to uphold the highest standards of integrity:

• Respecting diverse opinions during debate and stock pitch Q&A sessions.
• Avoiding misleading statements or intentionally falsifying financial research data.
• Publishing only original work, with all sources and data properly credited.
• Focusing on constructive educational growth over a competitive gambling mindset.
• Representing the Club honestly and professionally in every external setting, including competitions.

Section 2 · Academic Standing & Participation

• Members must remain in good academic standing. School is a priority.
• Members holding an active membership who are not participating will be demoted to general member status, at the discretion of the Board of Directors or the relevant Commissioner.

Section 3 · Inclusivity & Non-Discrimination

• The Club is inclusive of everyone, boys and girls alike.
• No discrimination is allowed under any circumstances.

Grants to Campolindo Clubs

Section 1 · Purpose

The Club grants a share of its investment returns to other Campolindo clubs, so that one fund supports student programs across the school rather than the Investor Society alone. The program is run in collaboration with Campolindo administration and school leadership, who approve every grant made.

Section 2 · Eligibility

• Any officially recognized Campolindo club or organization in good standing may apply.
• Priority is given to clubs whose work is educational, including Model United Nations, Mock Trial, and comparable organizations.
• The Investor Society may not award a grant to itself.

Section 3 · The Grant Cycle

1. Applications open in March. A club submits a brief written request stating the amount sought and its intended use.
2. Clubs pitch. Applicants present to the Investor Society and to school leadership, making the case for why their club should receive a grant and what it will do with it. The pitch, not the paperwork, is the substance of the application.
3. The officers vote on which pitches to fund, by simple majority.
4. The Faculty Advisor and school administration hold final approval over every grant.
5. Grants are disbursed in April, from realized returns only.

Section 4 · Limits

• Grants come only from realized returns. The principal is never distributed.
• In a year without realized gains, no grants are made, and no club is owed one.
• No student holds, banks, or disburses grant funds. All handling runs through the Partner of the Portfolio under Section 2 of Article VII.

Officer Succession, Vacancies & Removals

Section 1 · Removal

Grounds. A Director, Partner, or Associate may be removed for repeated failure to attend meetings or perform their role, failure to maintain good academic standing, violation of the Code of Ethics, or violation of the financial controls in Article VII.

Procedure. Any active member may submit a removal proposal in writing to the Board of Directors, or the Directors may initiate one. The officer is given the opportunity to respond before any vote. Removal requires a two-thirds vote of active members present, subject to the elevated quorum in Article V, Section 2, and final approval from the Faculty Advisor.

On removal. A removed officer may remain a general member in good standing. Anyone removed from a position carrying financial or platform access has that access revoked immediately upon the vote, before any appeal or transition.

Section 2 · Succession

Presiding authority passes within the Board of Directors in the order set out in Article III, Section 2. If no Director is able to attend, the meeting is cancelled.

Section 3 · Filling Vacancies

• Where a vacancy would drop the Partners below the two underclassman seats required by Article III, Section 3, it must be filled by a freshman or sophomore.
• Members appointed to fill a vacancy serve only the remainder of the year and must stand for regular election thereafter.

ASB Registration

This Constitution and its Bylaws are submitted to the Associated Student Body as the governing document of the Campolindo Investor Society, together with the club information and officer roster. The signature and officer-roster pages are in the PDF edition.

Club Information

School

Campolindo High School

Fiscal year

2026–2027

Club

Campolindo Investor Society

General meetings

Every two weeks, Thursday or Friday, at lunch or after school

Executive meetings

Weekly, Thursday or Friday, at lunch or after school

Board meetings

Monthly minimum, scheduled by each Commissioner

Place of meetings

Room C4 (Gavin Mack) Thursdays · Room C3 (Audrey Burns) Fridays

ASB club officers

Two Commissioners and four Partners, with the three Directors signing alongside them

Signatories

Co-Chair, Co-Chair, Faculty Advisor, Principal, ASB President

Questions about this document go to [email protected], or see who currently holds each role.