Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION MODIFIED ITS MEMBERSHIP AND BOARD STRUCTURE BY AMENDING ITS BYLAWS. THE CLASSES OF MEMBERS WERE CONSOLIDATED FROM THREE (EXECUTIVE, ASSOCIATE AND GENERAL) TO TWO (EXECUTIVE AND ASSOCIATE) BY REPOSITIONING THE ENTITIES INTENDED TO BE COVERED BY THE GENERAL MEMBER CLASSIFICATION AS ASSOCIATE MEMBERS. IN ADDITION, THE EXECUTIVE MEMBER CLASS WAS DIVIDED INTO TWO SUBCLASSES (BRAND MEMBERS AND SME MEMBERS) TO ADDRESS THE RESTRUCTURING OF THE BOARD TO GRANT SPECIFIC BOARD SEATS TO SMES. THE NUMBER OF DIRECTORS INCREASED FROM 15 TO 17 MEMBERS WITH THE ADDITIONAL TWO SEATS RESERVED FOR SME MEMBERS. SMES VOTING RIGHTS ARE LIMITED TO VOTING FOR THE ELECTION OF SME MEMBERS TO THE TWO DESIGNATED SEATS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION'S MEMBERSHIP IS COMPRISED OF MORE THAN 250 COMPANIES AND ORGANIZATIONS FROM 40+ COUNTRIES AROUND THE WORLD. MEMBERS REPRESENT VARIOUS MARKET SEGMENTS INCLUDING BRANDS, LAW FIRMS, INVESTIGATIVE FIRMS, PRODUCT SECURITY FIRMS, ASSOCIATIONS, GOVERNMENT AGENCIES, AND UNIVERSITITES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE EXECUTIVE MEMBERS (BRANDS) VOTE FOR THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | COPIES OF THE FORM 990 ARE PROVIDED TO THE BOD TO DISCUSS, REVIEW AND APPROVE. |
| FORM 990, PART VI, SECTION B, LINE 12C | WRITTEN STATEMENT AND POLICY IS DISTRIBUTED AND AFFIRMATION SIGNATURE REQUIRED. IF A CONFLICT IS DISCOVERED, IT IS BROUGHT TO THE ATTENTION OF THE IACC BOARD FOR DISCUSSION AND RESOLUTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE AND THE CHAIRPERSON PURSUANT TO AN EMPLOYMENT CONTRACT. FACTORS THAT ARE CONSIDERED INCLUDE THE CEO/PRESIDENT'S PERFORMANCE, DUTIES, AND RESPONSIBILITIES. IN ADDITION, THE TOTAL COMPENSATION PACKAGE IS COMPARED TO OTHER ASSOCIATION CEO/PRESIDENTS IN SIMILARLY SITUATED POSITIONS. KEY EMPLOYEES' COMPENSATION, ANNUAL RAISES, AND BONUSES ARE REVIEWED AND APPROVED BY THE IACC PRESIDENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH UNDER IRC SECTION 6104(D). |
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