An effort should be made to select members whose own work and approach to applied mathematics are close to Julian Cole's. One member will be named chair of the committee. The chair's term will be completed when the prize for that term is awarded. The president may invite a second member of that committee to become the new chair, and will complete appointments to the new committee. The chair and membership of the committee will continue to move in this fashion.
New appointments are to be made at least eighteen months before the date of the award.
The lectureship may be awarded to any member of the scientific or engineering community. The committee is to present its nomination to the president at least ten months before the date on which the prize is to be awarded. The committee should select at most one prize winner except in extraordinary cases. Exceptions to this rule must be approved by the Executive Committee of the SIAM Council. The nomination for the award must be accompanied by a written justification and a short citation suitable for a certificate and for the ceremonial presentation.