HTRI is a for-profit corporation headquartered in the United States. Since 1962, we have operated a research consortium focused on studying heat transfer and related thermal phenomena. Companies wishing to access HTRI products and technology join the consortium as members.
Upon joining the consortium, most member companies are given the option to purchase a single share of stock. As long as they remain members in good standing, companies holding stock are entitled to vote in the election of our Board of Directors.
The Corporate Bylaws define the membership and authority of the Board of Directors, as well as outline when meetings will be held.
Members of the Board of Directors are elected annually by the stockholders. The Board consists of full-time staff of member companies or Participating Affiliates (PAs) and of independent directors who have business, legal, or technical expertise that supports the needs of the corporation and/or knowledge of the industries HTRI serves. Independent directors may comprise up to one-third of the authorized number of Board members.
Directors may serve no more than twelve consecutive years. The Board annually elects a Chair and a Vice Chair, who may serve up to three years in each respective position.
The Board of Directors elects the officers of the corporation.
The Annual Meeting of Stockholders is commonly held in conjunction with the Global Conference. Notice of upcoming meetings is distributed electronically to stockholders no more than sixty days and at least twenty days before the meeting. Results of the election of the HTRI Board of Directors and Technical Committee are announced at the meeting.
Our consortium benefits from the experience and skills of our volunteers. Find out more about these groups in Member Committees.