IEEE Power & Energy Magazine - May/June 2017 - 12

conferences and other events around the
world to attract and retain women in our
profession. it has been an ongoing struggle, and we need to redouble our efforts.
similarly, we must realize that attracting
and retaining young professionals (yPs)
will require a different model of communication and participation from the ones
with which most of us are familiar.
The ieee Technical activities board
(called Tab, the board that represents
the technical societies like Pes) commissioned an ad hoc committee to
increase the roles and participation of
women and underrepresented minorities in 2016, and i had the pleasure of
serving on it. our team will be recommending a course of action to advance
the participation of women, with a recommendation made to Tab at the February 2017 board meeting. (as this article
was written before that meeting, i don't
have the results to share.) our commit-

12

ieee power & energy magazine

tee recommended a separate effort on
the underrepresented minority front
since there were a number of challenges,
including not being able to identify minority members, that we were not able to
complete in 2016.
on the yP front, the ieee board of
Directors held a retreat in January 2017
that included the participation of 10-12
dynamic yPs from around the world. a
large part of the strategic exercises was directed at how to engage yPs in what many
of us would consider nontraditional roles.
Topics like microvolunteering, how ieee
needs to communicate with yPs, and new
membership models were debated.

Financial Health
of the IEEE and PES
as noted earlier, Pes has done extremely well in increasing our financial
reserves due to our extremely successful
conferences, publications, and education

programs. The Pes Governing board is
now addressing the challenge of how to
use these reserves to create additional
value for our members around the world
to help sustain our advances into future
years. hopefully you will see the fruits
of these efforts in coming years.
The ieee has endured four to five
years of deficit budgets (think of this as
a budget showing a net loss at year end),
due to a large number of system replacements that have been going on. During
those years, the ieee board of Directors authorized spending up to 4.5% from
ieee reserves to help to balance the budget. Those programs are quickly coming
to an end, and hopefully the ieee will
be back on track to create positive cash
flows annually without tapping into
reserves to balance the budgets. while
the forecast is for positive financial cash
flows, the ieee is in no position to rest
on its laurels. Growing membership is

may/june 2017



Table of Contents for the Digital Edition of IEEE Power & Energy Magazine - May/June 2017

IEEE Power & Energy Magazine - May/June 2017 - Cover1
IEEE Power & Energy Magazine - May/June 2017 - Cover2
IEEE Power & Energy Magazine - May/June 2017 - 1
IEEE Power & Energy Magazine - May/June 2017 - 2
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IEEE Power & Energy Magazine - May/June 2017 - Cover3
IEEE Power & Energy Magazine - May/June 2017 - Cover4
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