EFA General Assembly

With the recent changes of the Belgian Legislation allowing International Not-For-Profit Associations to hold their annual general assembly as a virtual meeting (Amendment to the Code of Associations & Companies, Chapter 11, published on 24 December 2020), the Executive Committee (Board) of European Finance Association convened the Annual General Assembly on August 25 2021 at 6pm CEST online from Aalto University.

Given that the EFA General Assembly will be held during the Annual Meeting and due to health and safety measures in place, the President and Executive Committee invited its members to participate in the General Assembly online.  Registration in advance was required and a link to the e-meeting was provided to members a few days prior to the event. 


  1. Approval of the 2020 GA Minutes (Helsinki)
  2. Approval of the 2020 EFA Accounts
  3. President’s Report
  4. Nominations & Elections
  5. Future EFA Annual Meetings
  6. EFA’s Journal – Review of Finance (Alex Edmans, Managing Editor)
  7. Q&A

The 2021 General Assembly was held on-line on Wednesday 25 August 6.00-8.00pm.  The EFA 2021 conference followed a virtual format from Wednesday, August 25 to Friday, August 27. The program included sessions featuring 180 papers, a keynote address by Itay Goldstein  – Joel S. Ehrenkranz Family Professor and a Professor of Finance at the Wharton School of the University of Pennsylvania – and networking events. The EFA General Assembly took place before the keynote speech together with the Prize distribution Ceremony.  All times refer to Milan, Italy (CEST/UTC+2).

At each EFA Annual Meeting, a General Assembly (GA) is held to officially communicate and ratify the financial accounts of the previous calendar year, the nominations and resignations of Officers and Directors from the Executive Committee and any new isssues / decisions brought forward by the EFA Executive Committee. One month prior to the GA, current EFA members and conference participants receive an invitation (and agenda) to attend the EFA GA – which is a brief business meeting chaired by the EFA President (often preceded or followed by the Best Paper Prizes and the Keynote Speaker for that year's EFA Annual Meeting).

The GA meeting serves as a forum for the EFA President to communicate any recent developments and especially Executive Committee decisions requiring the formal approval of the EFA membership – as well as for EFA members to air any questions they may have, voice their opinions on EFA and its activities, and actively participate in determining the future of their Association. Every EFA member present at the GA has one vote. Votes by proxy are possible (for current EFA members only) but must be submitted to the EFA Secretariat in writing prior to the GA. Formal approval of the annual accounts and those Executive Committee decisions requiring the support of the EFA membership (e.g., changes to the statutes, membership fees, etc.) are officially carried (or not) by a simple majority of votes at the GA. (Please consult the EFA Statutes for more details.)

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