Page 16 - 2022 Annual Report 2022 01.18 0528

Nominating Subcommittee (NSC):

1. Prepare the “Board Interest Statement” (BIS) form to solicit interest from the FGMA
shareholders in Board membership. Annually review and update, as necessary.

2. Approximately four months before the annual shareholders meeting, invite interested
shareholders to submit BIS.
3. Evaluate all Board Interest Statements and prepare a slate of candidates for the open board
seats. Present to the Board for approval.
4. Communicate the GNC decision with all candidates in confidence, providing feedback.

5. A month prior to the annual shareholders meeting, announce the proposed slate of candidates
to the shareholders.
This measure signifies a significant development in the evolution of FGM Architects and can be seen as
the next step in the strategic growth of our Board.

August also saw the Board begin reviewing Practice Area strategic growth plans, as well as strategic
growth plans for Texas and the Mid-Atlantic.

Year-end planning began in August and continued through November. This annual budgeting process
is kicked off by creating Practice Area revenue and expense plans, which roll up into regional budgets,
and ultimately a firm
fiscal year budget.
The budget was then
approved by the
Board at the
November meeting.
Thank you to
everyone involved in
the process of
compiling our annual
budget. While
lengthy, this process
is necessary to
prepare a realistic
budget for the
upcoming year and
serves as a necessary
step in our annual valuation.

As stated in previous Annual Reports, our strategic goals (and subsequent progress) for the next few
years were set through the adoption of our Strategic Plan in November 2020;

By 2025 FGMA will;
 be on a journey to achieve a net revenue over $40 million by 2030;

Page | 8 Chairman’s/CEO’s Report