American Association of Chambers of Commerce in Latin America

What it reported doing in 2013

Aaccla is committed to making this the "century of the americas." priorities in 2013 included:-supported congressional approval and full implementation of the u.s.-colombia and u.s. Panama trade agreements, as well as strong enforcement of existing trade agreements. Pursued additional trade initiatives that are comprehensive, ambitious, and commercially significant, including the doha development agenda, the transpacific partnership, bilateral tax and investment treaties, and trade preference programs.-underscored the importance of trade liberalization in providing new economic opportunities and support efforts to deepen partnerships and cooperation to ensure that the benefits of free trade and open investment are broadly shared by all. Promoted trade and investment openness as central to global economic recovery and reject isolationism in all its forms.-promoted the adoption of trade facilitation and customs modernization measures throughout the western hemisphere that enhance regional and national competitiveness. These included measures that will make the flow of international commerce faster and more efficient and that will reduce trade transaction costs significantly.-fostered innovation, harnessed creativity, and championed intellectual property (ip) as vital to creating jobs, saving lives, advancing economic growth, and generating breakthrough solutions to challenges in latin america and the caribbean.-highlighted areas in which u.s. Business and amcham member companies are contributing to economic and social development in latin america and the caribbean.-supported regional security while facilitating trade at ports of entry, addressing the movement of goods (customs and port administration) as well as people (visa policy).-promoted the rule of law as a critical factor in fostering a hemispheric investment climate that supports equality, economic growth, and shared prosperity for the citizens of latin america and the caribbean. Fostered a global business environment where countries respect the rule of law, foster legal certainty, and provide due process under law to investors, producers, and service providers of every nationality by highlighting shortcomings related to the rule of law and advocating for their prompt and just resolution. Supported constitutionalism as the underpinning for the broader application of the rule of law.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 95.5%; rating input score 95; 26th percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 14.8%; rating input score 74; 74th percentile among comparable filings
• Total-asset coverage ratio: 0.89; rating input score 40; 40th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 86; 86th percentile among comparable filings
• Officer compensation ratio: 5.4%; rating input score 41; 41st percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited