MINUTES OF THE MEETING OF THE BOARD OF GOVERNORS OF ...

MINUTES OF THE MEETINGOF THE BOARD OF GOVERNORS OF THEAMERICAN CHAMBER OF COMMERCE IN CROATIAHeld on February 11, 2010 at the AmCham Office, Radnička cesta 47.The presiding officer of the meeting was Mr. Markušić. Also present were Ms. Likan, Mr. Krmpotić,Mr. Baričević, Mr. Mahoney, Mr. Blažić, Ms. Ward and Mr. Vucić. Mr. Suchar did not attend due tobusiness trip.Minutes taken by Ms. Marina Vugrin.The meeting commenced at 9:10 a.m.AGENDA:1. January Minutes approval confirmation2. Executive Office Financial / Meeting report / Membership report3. Business Advocacy Working Groups4. Upcoming and Proposed Events5. News and Views Banking and Finance Special Issue6. Staff annual performance reviews7. Membership applications8. Miscellaneous1. Topic: January Minutes approval confirmationDiscussion:• January meeting follow up: arrange meeting with Puls re AmCham survey; Mr. Kalenski toinvestigate Survey Monkey servicesDecision: The Board members unanimously approved the minutes of January 14 meeting.2. Topic: Executive Office Financial / Meeting report / Membership reportDiscussion:• Membership payments are going well, around 50 paid members so far• Still following up unpaid 2009 membership fees• Aucris/Auctor have business issues, not expected to pay fees• Retention very important• Partners referrals proved successful – Board members asked to send their contacts• having several companies under one membership of a parent company recognized as unfair towardother members – Board suggested to review the definition of status for such cases• values and benefits of membership to be reviewed and improved• Many big US investors are not members yet – invite them to join Cost/Competitiveness committee• GAP analysis was updated by Executive director – Board to use as a tool for decision making anddeveloping strategy• AmCham rent contract expires April 2011, according to contract we should start negotiating toextend in Autumn; Board members believe there is space for negotiating priceDecision: Executive director to send Board excerpt from AmCham Constitution regarding expulsionfrom membership. Executive Office to send copy of AmCham rent contract to Ms. Likan. The Boardagreed that Executive Office replies to the letter that office received regards leasing issue emphasizingthat we have no authority on that matter.

3. Topic: Business Advocacy Working GroupsCost/Competitiveness• Rejuvenate the committee – get more active members• Define concrete action plan – platform• Define and focus committee on 1-2 most important issues• Mr. Blažić will join the committeeDecision: Board members unanimously decided to dissolve Finance and Investment Sub-Committee,due to inactivity.Marketing/Membership task force• proposal to develop into Committee – mentioned to task force members at last meeting• it would elevate task force status• all new committees should elect chair and vice chair as defined in AmCham policies – issue withcommittees that have a lot of non-members since they cannot practically be elected chair/vice-chairDecision: Board members unanimously approved upgrading Marketing/Membership task force toCommittee. Mrs. Likan and Mr. Krmpotić to organize Membership & Marketing Committee meeting,prepare agenda and inform Executive office to send invitations to Task Force members followed byinvitation to Members.Tourism Committee• Good turn out for initial meeting• Agreed on short term actions• Long term goal is to develop tourism strategy for Zagreb and Dubrovnik and get it implemented• Define who is responsible for which action• Zagreb Airport is very interested to get involved – will organize a meeting with their consultants4. Topic: Upcoming and Proposed EventsProposed lunch speakers• Prime Minister Kosor – following up regularly with her office; will send follow up letter to Mr.Mehun who advised Mr. Markušić they would like to have a lunch before summer• Charlotte Ruhe – EBRD – as a prelude to EBRD conference, also she can jump in if PM cancelslast minute• Paul Vandoren- Head of EU Delegation• President Ivo Josipović – invitation will be sent• We should do another Board breakfast with AmbassadorPower Breakfast - Ambassador Morningstar - 26 February• Secretary of State’s Special Envoy for Eurasian Energy• Staying at the Regent Esplanade Zagreb and due to travel obligations of delegation, the Embassysuggested organizing breakfast there• Tight schedule – start breakfast at 8:00 in order to finish by 9:30, registration at 7:45Decision: Board members approved, with one abstained vote, Regent Esplanade Zagreb as a venue forthe power breakfast, due to logistic reasons suggested by US Embassy.IPR Conference – 25 February• Sponsorship is very good, but paid attendance is relatively low – although experience shows thatlast minute confirmations are common

• In total, approximately 130 participants (paid fees and sponsors & patron free tickets)• Office has not yet received updated budget from Mr. Stipić, but due to good sponsorship we havealready reached the budgeted profit• Mr. Markušić was on Radio 101, good coverage in the press by AmCham media partners• Brand Owners Association, led by NIKE, & Customs side event will be held this weekendAmCham EU meeting – Brussels, 2-3 March• Extended trip – organizing additional meetings with EU institutions and big US companies (GEPower already confirmed)• Mr. Markušić to review e-mail for membership informing them of meetings and asking input – tobe sent out shortlyPROPOSED – NATO 1st Anniversary (Tentative for April)• pending additional information from outside organization• in case US Embassy will organize something AmCham might joinEBRD Conference, 14-15 May• AmCham reception – 14 May in the afternoon (before Government’s evening reception)• should be within walking distance of conference venue (Westin) due to tight schedule• all venues reserved by conference – HGK accepted to host at their premises• only catering cost – banks that are sponsoring EBRD might be interested to sponsor it• roundtable with US delegation – for Board, committees (cost & competitiveness?) & Patrons; forvenue tender put as a condition ‘free of charge’ since it is a high profile eventFilipović real estate, 4-5 May• Office sent sponsorship proposal e-mail to membership• Mr. Filipović prefers to stay with 15.000 kn AmCham fee instead of profit percentageNight of a 1000 Dinners• new venue proposal – Croatian National Theater – trying to get a good offer; their performance orother entertainment + catering• transferred 2009 funds to ITF; waiting for a list of proposed minefields• Adopt-a-minefield program closed, Night of a 1000 Dinners brand cannot be used anymore• Marketing/Membership committee will brainstorm on a new event name• it was mentioned to approach mine clearance companies and include them in the sponsorshipprocess, in order to increase potential for raised charity funding• Karlovac mayor interested in supporting this year – choose a field in Karlovac County for 2010;also, we have never chosen a mine field in the Karlovac CountyDecision: Board members unanimously approved Croatian National Theater as event venue – as anoption for the event.2010 Calendar of Events – tender for events venue• last year Board decided to have individual tenders for each event• Office used to have yearly tenders that proved to be a better solution• Office should start planning for all events now• Mr. Mahoney prepared sheet for keeping track of all events planning – for easier monitoring ofevents; we can also publish it online for all membersDecision: Board members unanimously approved having a yearly tender for events.5. Topic: News and Views Banking and Finance Special IssueDiscussion:

• Office proposal to have real estate focus for first issue to be distributed at Filipović conference andsecond issue focused on banking to coincide with EBRD conference• Board members proposed combining both topics into a double issue published in AprilDecision: Board members unanimously decided to have a combined real estate and banking issue of themagazine, published in April, with a Tourism focused issue to be tentatively published in June. TheOffice should send the final pdf files of magazine layout to the Board, with a 48 hour deadline for anyfeedback.6. Topic: Staff annual performance reviewsDecision: Mr. Markušić to follow up with Mr. Willems, giving him deadline for returning employees’contracts and completing performance reviews. Otherwise, Mr. Markušić and Mr. Krmpotić, since theywere members of the former Board of Governors, will take over the performance reviews.7. Topic: Membership applicationsSMALL BUSINESSAlpen Adria d.o.o. - consultancy and auditing services, business partners of some AmCham members(demining companies)Marli satovi i nakit d.o.o. - watch making & distributor of top level Swiss and German watch brands,ref. Ivana Jeleković – ToyotaDecision: Membership applications were unanimously approved.8. Topic: MiscellaneousErste Card proposal for Patron free event attendanceDecision: Board members unanimously approved 5 free event participations per year for Patronmembers, to be used at their convenience.The meeting ended at 11:15 a.m.