Document b5gaDrLXMGJdJVLzQdGkLEEQZ

MINUTES OF MCA EXECUTIVE COMMITTEE Links Club, New York City Tuesday, May 10, 1966 Following breakfast at 8:30 a, m. , the meeting was called to order by Chairman Brown. There were present: Chester M. Brown David H. Dawson George H. Decker Harold W. Fisher J. Robert Fisher Carl A. Gerstacker John L. Gillis Thomas C. Jones Kenneth Rush Robert B. Semple Harry B. Warner M. F. Crass, Jr. General Counsel: Lloyd Symington present by Invitation: Charles S. Munson Harold E. Thayer G. L. Weissenburger 1. Report of the Secretary-Treasurer. The Treasurer reported that for the eleven months ended April 30 total income of $1, 295, 500 exceeded preliminary budget estimates by approximately 5%. Eleven months' expenditures of $1,098,000 were slightly less than 3% under the prorated budget for that period. In accordance with authorization already granted the Association expects to amortize the unfunded past service liability of its Pension Plan prior to closing the books on May 16 for the independent audit. After this payment has been made it is expected that there will still be a small surplus for the year's operations as a whole. A balanced budget for the year also appears assured. 2. Budget and Financing for 1966-67. Following the summarized presentation made to Directors at the May 19 meeting, the staff on April 27 transmitted to Directors a detailed documentation of both budget and financing for fiscal 1966-67 as recommended by the Executive and Finance Committees. Also distributed to the Directors were copies of the proposed over-all environmental health program as recommended by the EHAC and endorsed by the two Board committees. In behalf of the Finance Committee, Mr. Thayer discussed these documents briefly. It was the consensus that the proposed environmental health program be explained in detail to the membership at the Annual Meeting immediately prior to the budget presentation and that the following points be made clear: That the decision to expand the Association's environ mental health program as proposed would in effect be a commitment to continue the program in subsequent years. That periodic membership fee increases would probably be necessary to finance it. CMA 061226 r 2- - That Implementation of the program in its initial phases would be governed by the funds available and the recruitment of qualified personnel. Idr. Logan has agreed to do this. Following discussion, it was agreed that the over-all budget should stand aS presented, although some comment favored basic budget cut-backs to aid environmental health program financing. All present favored restricting the paper back text appropriation to fiscal 1966-67 only. 3. 94th Annual Meeting. Mr. Crass reported briefly on arrangements and facilities for this meeting. Approximately 985 reservations have been received from 176 member firms. Capacity of The Greenbrier has been exhausted and registration has been closed. Copies of the advance program, budget and financing for fiscal 1966-67, and report of the Nominating Committee will be mailed to the Executive Contacts for advance consideration on May 20. Mr. Fisher then announced that the speaker at the Annual Business Meeting would be Paul L. Davies, Chairman of the Board, FMC Corporation. Guest speaker at the Banquet the next evening will be The Honorable Stewart L. Udall, Secretary of the Interior. Because of the space situation and as a possible means of raising additional revenue, it was suggested that beginning with the 95th Annual Meeting consideration be given to increasing the registration fee. 4. Reactive Metals Advisory Committee. Extension of Tenure. The current two-year tenure of this Ad Hoc Committee expires June 1, 1966. Submitted to Committee members in advance of the meeting were copies of a memorandum trans mitting a recommendation from the Reactive Metals Advisory Committee that another two-year extension be authorized. The Reactive Metals Advisory Committee feels that this extension is necessary to enable member producers to cope with problems of increasing industry concern, including those relating to radioactive metals, stockpile materials, and foreign trade. Following discussion it was the consensus that favorable action be taken on the proposal with the understanding that during the 1966-67 fiscal year a cornmittee of the Board be set up to study all Association activities relating to product categories, including plastics, with report to be made to the full Board not later than May 9, 1967. As proposed, the study would evaluate the possibility of disbanding all such activities within the next two years; the feasibility of their implementation within the regular organizational framework of MCA; or their continuance under revised or updated terms of reference. The foregoing recommendation will be transmitted to the Board of Directors later in the day. CMA 061227 -3- 5. Chemical Industry Councils. Relationship with MCA. At its meeting on April 15, the Chemical Industry Council Advisory Committee adopted the allowing statement defining MCA's relationship with the Chemical Industry Councils and recommended that it be considered and approved by the Board of Directors. MCA Relationship with CICs MCA exercises no control or supervision over CIC activities or procedures and has no desire to impair local initiative in any respect. MCA's role is to encourage, advise, and support the CICs. In doing this, MCA provides information and materials regarding community relations, educational activities and, on occasion, legislative developments of interest to the chemical industry. CICs are local, autonomous bodies, formed in response to local needs and making their own decisions in respect to membership, financing, expenditures, and scope of activities. They are not agents or representatives of MCA. CICs should make every effort to prevent inferences that they are agents or representatives of MCA. In most cases, use of a phrase such as "in cooperation with MCA" would be appropriate. Use of the phrase "affiliated with" amy be con sidered for use by CICs, but an appropriate disclaimer may be necessary. MCA's name should not be used in any form on formal documents of CICs (including letter heads, press release forms or similar pre-printed material) without written authorization from MCA. Following discussion, it was the consensus that the statement should be approved as official MCA policy and that the Board of Directors be so advised. 6. Report of the Nominating Committee. In behalf of the Nominating Com mittee, Mr. Gillis presented the following slate of officers for submittal to and action by the membership at the 94th Annual Business Meeting on June 9: Chairman of the Board -- Kenneth Rush, President, Union Carbide Corporation Chairman of the Executive Committee -- John O. Logan, Executive Vice President, Olin Mathieson Chemical Corporation President -- G. H. Decker Vice Presidents -- Joseph E. Rich, President, Morton Chemical Company Harry B. Warner, Group Vice President, The B. F. Goodrich Company The slate of new Directors will be forwarded to members of the Executive Committee in approximately one week's time. CMA 061228 -47. Board Committee to Encourage Congressional Liaison. The Committee discussed proposals by Messrs. Thayer and Semple to improve the Association's effectiveness in the field of Congressional relations, particularly liaison with individual Senators and Congressmen. Suggestions included the possible formation 0f a Congressional Contact Committee composed of 15 to 20 members, a small ad hoc Steering Committee composed of members of the Executive Committee or the Board, and a strengthening of the Association's staff efforts in this area. After full discussion, it was decided to recommend to the incoming Executive Committee that it establish an ad hoc subcommittee to study how the Association's activities, procedures and staff in the field of Congressional relations might be improved and made more effective, and to report back with its recommendations to the Executive Committee. 8. Atomic Energy Commission. Names of several possible nominees from industry for appointment to the Atomic Energy Commission were submitted to the Association's President as a result of the discussion at the April 18 meeting. On being contacted, none of these individuals expressed interest. Those present were invited to continue their consideration of the matter and to forward to the President the names of additional nominees to fill the current vacancy. 9. Environmental Health Staff. General Decker reported on his efforts to secure environmental health staff. Although several prospects are being considered there have been no definite appointments as yet. 10. National Export Expansion Council. Mr. Gerstacker advised the Com mittee that the Council had just completed reports in three important study areas on ways of stimulating exports. The Committee supported his recommendation that MCA procure such reports from the Department of Commerce, when available, and distribute them to all member companies for their information. There being no further business to come before the meeting, it was unanimously resolved to adjourn, M. F. Crass, Jr. Secretary-Treasurer CMA 061229