Annual Report 2014 by AmCham Belgium

ADVOCACY • NETWORKING • KNOWLEDGE-SHARING

Annual Report 2014

Table of Contents

Introduction

2014: Year in Review

Board of Directors

Committee Reports

Antwerp Chapter Steering Group

Communications Committee

Government Relations Forum

Human Resources Committee

Legal & Taxation Committee

Membership Committee Nominations Committee

Young Professionals Committee

Annual Accounts

Annex 1: 2014 Calendar of Events

Annex 2: List of Members

The American Chamber of Commerce in Belgium (AmCham Belgium) is a dynamic non-profit organization dedicated to improving business and investment opportunities for the US-Belgian business community. With approximately 900 US groups in Belgium, AmCham Belgium plays a pivotal role in an evolving business environment by focusing on three key areas: policy shaping, knowledge-sharing and networking. Pictured on cover (left to right): Koen Geens, Alexander De Croo, Denise Campbell Bauer, Scott Beardsley, Karel De Gucht, Peter De Keyzer

Introduction

March 2015 I am pleased to present our 2014 Annual Report. The following pages are an attempt to encapsulate a transformative year for AmCham Belgium, and I would like to start by thanking our members, our Strategic Sponsors, our Committee members and the Secretariat staff for their precious contributions. The May 2014 Belgian federal and regional elections provided the impetus to take our advocacy efforts to the next level. Led by our Government Relations Forum, the Chamber deepened and widened our political contacts, reaching out directly to political parties and parliamentarians for the first time. We advocate on behalf of our members and the wider international business community, and they clearly appreciate our growing interaction with the political world. We are encouraged by the new government’s initial statements and actions, and we look forward to working with them – we’ve already had the opportunity to meet with a number of ministers and other political leaders in the New Year. Of course, this wouldn’t be possible without the support of our Committees. Our Committee members generously share not only their time and expertise but also their contacts, helping the Chamber to develop our positions, hone our messages and reach the right people. My sincere thanks once again to each of our Committee members for the dedication they show to the Chamber.

It is important for the Chamber to expand our activities outside of Brussels, and in this regard, our Antwerp Chapter has been increasingly successful in engaging the local community in that region. In the second half of last year, we transitioned to modern cloud-based ICT systems which will enable us to better serve our members, expand our activities and more easily adapt to future changes in technology. The most visible change is our new website, launched in September, but the upgrade also extends to our membership database (CRM), email platform and accounting software. We welcome feedback from our members as to how we can continually improve our processes and our services. Looking forward to the year ahead, we have a full calendar of events and a number of exciting new projects underway on the policy front. We are confident that, with the continuing support of our members, we can increase even more the value of membership through our advocacy, networking and knowledge-sharing activities.

Marcel Claes Chief Executive

2014 Annual Report | 1

2014: Year in Review Total membership grew for the fourth consecutive year, reaching a total of 535 companies in 2014. These figures confirm that the Chamber offers value-added services across our range of activities, tailored to our different segments.

Advocacy The May 2014 federal and regional elections dominated our advocacy agenda in the first half of the year. Delegations composed of experts from our Government Relations Forum (GRF), Human Resources Committee and Legal & Taxation Committee met with eight political parties before the elections, starting with PS in December 2013. The months leading up to the elections were punctuated by a series of policy publications, including the new Business Barometer in January, our 2014 Priorities for a Prosperous Belgium in March and The Importance of US Companies in Belgium (US Top 50) in April. Our positions were further elaborated in long-form articles on our website. During the governments’ formations, the Chamber was in regular contact with the negotiating parties to reiterate our key messages. The Chamber achieved a notable lobbying success with the Michel government’s commitment to address the high cost of labor in Belgium, among others, by lowering employer social security charges. We established contact with the new governments once they were installed via the GRF, which invited representatives to present the governments’ programs in the GRF. Separately, small delegations are meeting with key ministers in the new governments. While our previous advocacy efforts focused primarily on the governments and administrations, the Breakfast with Members of the Federal Parliament in October was our first broad attempt to introduce the Chamber and our priorities to parliamentarians. Targeted federal and regional MPs were invited to subsequent events, such as the Thanksgiving Dinner, which also marked the release of The Importance of US Companies in Belgium: R&D and Innovation. The Chamber issued three position papers in 2014 and kept our members informed of the latest policy developments with our weekly email update.

535 Members 2014

2013

2012

Group Patron

Patron

Sustaining

125

122

119

Regular

246

265

266

Grand Total*

535

530

503

*includes Honorary and Group Members

Company Size 12% 41%

Nationality 18%

47%

Large Small Medium

56%

27%

US Belgium Other

3 activities networking advocacy knowledgesharing

8 committees 193 committee members 70 committee meetings

39 Events 2224 event participants

2 | American Chamber of Commerce in Belgium

publications

10 issues of Amcham Connect 4 policy publications ▶▶ January: Business Barometer

▶▶ March: 2014 Priorities for a Prosperous Belgium ▶▶ April: The Importance of US Companies in Belgium: US Top 50 ▶▶ November: The Importance of US Companies in Belgium: R&D and Innovation

policy initiatives 3 new position papers

may 25, 2014 european, federal and regional elections Meetings with CD&V, cdH, Groen!, MR, N-VA, OpenVLD and sp.a before the elections

73 media mentions 4 press releaseS 1 press conference Appeared in BxlConnect, De Standaard, De Tijd, Financial Times, Le Soir, L’Echo, Trends-Tendances, Wereldwijs and more...

social media 469 fans ▲ 78.3%



1720 followers ▲ 48.5%



1213 group members ▲ 5.5%

 0

2000

MOST SUCCESSFUL TWEET #Belgium ranks 4th in the 2014 #Innovation Indicator: http://t.co/fm7ReQIRNA

Networking All of the Chamber’s events have a networking component to help build and strengthen connections within the US-Belgium business community. The Chamber continues to attract prominent guest speakers, who in 2014 included Koen Geens, Minister of Finance; Alexander De Croo, Deputy Prime Minister & Minister of Pensions; Karel De Gucht, EU Trade Commissioner; and, of course, US Ambassador to Belgium Denise Campbell Bauer. The Antwerp Chapter has become well-established in that region with a growing schedule of events, and the Chamber is organizing more and more events in other areas, such as Leuven and Liège, in order to reach members in all parts of Belgium. Online networking increasingly complements face-to-face networking, and the Chamber is pleased with the growing interaction on our social media channels. As part of larger changes to our ICT systems, the Chamber launched a new website in September 2014. Our blog has been given more prominence in this new iteration, and it has begun to attract lively discussion in the comments section.

Knowledge-Sharing In addition to networking, the Chamber also offers learning opportunities. Members are invited to share their knowledge and best practices with their peers through our Committees, at our events or by contributing to AmCham Connect, the Chamber’s monthly newsletter. Our ‘Doing Business in the USA’ series of roundtables was inaugurated in February 2014 by the new Belgian Ambassador to the US, Johan C. Verbeke. This series is intended to give Belgian companies with US activities a forum to share experiences and best practices. The EU Briefing series was retired in 2014, considering the wealth of EU information resources which is now available. This will be replaced by new event formats in 2015, such as Business@Breakfast, which will offer an informal setting for companies to discuss issues of common concern across sectors.

http://t.co/aiWceAEU0g November 4, 2014 9223 impressions, 35 retweets

Our Young Professionals Mentorship Program, which pairs early career professionals with CEOs, is another important channel for knowledgesharing. 2014 Annual Report | 3

Board of Directors (2014) Executive Committee Scott Beardsley, President Joost Van Roost, Vice-President John Largent, Treasurer Ludo Deklerck, Secretary Board Advisors Philip Alliet, CEO Belux, Aon Belgium Michael Beal, General Manager Belux, Microsoft

Frank Aranzana, CEO, Allnex Belgium Scott Beardsley, Director, McKinsey & Company, Inc. Belgium Eddy Bonne, President, ABRA Olivier Chapelle, CEO, Recticel Marcel Claes, Chief Executive, AmCham Belgium Karel De Baere, Chairman, PwC Belgium Ludo Deklerck, Partner, Koan Legal Strategies Jean Eylenbosch, Vice President European Government Relations, CocaCola Enterprises Belgium Luc Gijsens, CEO Merchant Banking Business Unit, KBC Group Ingrid Gonnissen, Country General Manager Belux, Xerox

Philippe Lacroix, General Manager, Manpower Belgium

Wim Hautekiet, CEO, The Bank of New York Mellon

Jacques Platieau, Country General Manager, IBM Belgium

John Largent, Chairman, Magic Monkey

Honorary Directors Denise Campbell Bauer, US Ambassador to Belgium

Tom Hawkins, Head of School, St. Johnâ&#x20AC;&#x2122;s International School FCJ ASBL Gottfried Leibbrandt, CEO, SWIFT Eric Lonbois, Managing Director Health and Public Service Benelux, Accenture Joost Maes, Managing Partner, Egon Zehnder Patricia Massetti, Managing Director, MSD Belgium

Douglas E. Lute, US Ambassador to NATO

Cindy Miller, President, UPS Europe

Anthony Luzzatto Gardner, US Ambassador to the European Union

Philippe Rogge, General Manager, Microsoft

John Porter, CEO & General Manager, Telenet Roland Teixeira de Mattos, Country Executive Benelux, GE - General Electric Pascale Van Damme, Managing Director Belux, Dell Cis Van Doninck, CFO Europe and General Manager Belgium, Cargill Europe Paul Van Hooghten, Head of Corporate Mergers & Acquisitions, LinklatersÂ LLP Joost Van Roost, President, ExxonMobil Petroleum and Chemical Rik Vanpeteghem, CEO, Deloitte Belgium

4 | American Chamber of Commerce in Belgium

COMMITTEE REPORTS Antwerp Chapter Steering Group

▶▶ Company visits to Mondelēz (Herentals), ExxonMobil (Antwerp) and Axalta Coating Systems (Mechelen)

Legal & Taxation Committee

Communications Committee

▶▶ Launch of new website ▶▶ Ambitious publication schedule ▶▶ TTIP stakeholder mapping exercise

Government Relations Forum

▶▶ Met with eight political parties before the elections ▶▶ Outreach to parliamentarians ▶▶ Position paper on plain packaging

Membership Committee

NominationS Committee

▶▶ New Expatriate Tax Regime Taskforce

▶▶ 37 new members, bringing total to 535

▶▶ Seminar on tax developments for US expats

▶▶ Expanding reach outside of Brussels

▶▶ Nominated four new candidates to join the Board from Aon, IBM, Manpower and Microsoft

▶▶ Position paper on R&D and innovation

▶▶ Implementation of new CRM system

Human Resources Committee

▶▶ Major lobbying success: reduction of employer social security charges ▶▶ Debate on labor relations in Wallonia

Young Professionals Committee

▶▶ Five YP@Noon luncheons ▶▶ Second edition of Mentorship Program ▶▶ Position paper on youth unemployment

Company visit to ExxonMobil

Antwerp Chapter Steering Group The Antwerp Chapter’s aim is to improve business and investment opportunities for the large US-Belgian business community in the Antwerp region and develop an active program of local/regional activities in this region. Chair Joost Van Roost ExxonMobil Benelux Coordinator Anneliese Daelemans ExxonMobil Petroleum & Chemical Staff Liaison Dawn Smith

The Antwerp Chapter Steering Group was set up in June 2012 in order to increase the Chamber’s reach among the 400+ US and many other international businesses in the Antwerp area. We want to provide these companies with a regular and varied program of networking and information-sharing opportunities. Chaired by Joost Van Roost, the President of ExxonMobil Benelux, it is composed of senior business leaders from the region and supported by the AmCham Belgium Secretariat. During 2014, the Antwerp Chapter organized four

6 | American Chamber of Commerce in Belgium

successful events in the Antwerp region. In March, we visited Mondelēz International’s cutting edge baking factory in Herentals. In June, ExxonMobil’s world class and energy efficient refinery was the venue for our next company visit. This was followed by an artinfused luncheon with US Ambassador Denise Campbell Bauer at the exquisite Rockox House. Finally, in October, we visited Axalta Coating Systems in Mechelen, where General Manager Luc Van den Hemel informed us about the

company’s history and its role on the international and national markets. We also supported the American day at the Longines Global Jumping Tour in Antwerp in April. Events in the pipeline for 2015 include company visits to Genzyme and Kellogg’s/Pringle, a lunch with Flemish MinisterPresident Geert Bourgeois and possible events on manufacturing activities, mobility, tax, TTIP and networking dinner with a leading politician.

Communications Committee The Communications Committee aims to position AmCham Belgium as the authoritative voice of US businesses in Belgium. 2014 was a significant year in the evolution of the Chamber’s digital communications. The Communications Committee advised on the design and functionality of a new website, which was launched in September. At the same time, the Chamber switched to a more powerful online marketing platform. And social media continued to grow in importance as a communication channel, not only for the dissemination of key messages, but also, and more importantly, for engagement with our community.

the Communications Committee also oversaw a major revamp of the Annual Directory, which received a more userfriendly format, a fresh design and new content. The Chamber issued four press releases in 2014 and received a total of 73 mentions in the print and audiovisual media. As part of a partnership agreement with Brussels Airlines, the Chamber published its first print advertisement in the in-flight magazine b.there.

Investment Partnership (TTIP) progress, the Chamber is working to secure support for the deal in Belgium. At the initiative of the Communications Committee, the Chamber undertook a stakeholder mapping exercise around TTIP, led by CS&A International Risk & Crisis Management, in October, which will serve as the basis for future outreach efforts.

Chair Kara Condon FTI Consulting Vice-Chairs Chloé Dungelhoeff Interel Jeroen Langerock Coca-Cola Services Staff Liaison Daniel Pyster

As negotiations on the Transatlantic Trade and

It was an election year in Belgium, and the Chamber delivered on an ambitious program with four policy publications, including the all-new Business Barometer and an addition to the ‘Importance of US Companies in Belgium’ series focused on R&D and innovation. Besides their input on these publications,

2014 Annual Report | 7

Government Relations Forum The Government Relations Forum aims to promote the regular exchange of viewpoints and constructive dialogue between Belgium-based international companies and federal and regional policymakers. Chair Jeroen Langerock Coca-Cola Services Vice-Chair Anneliese Daelemans ExxonMobil Petroleum & Chemical Kathleen Swaelen 3M Belgium (since January 2015)

Staff Liaison Christophe Van Elewyck

The Government Relations Forum (GRF) had an active and productive 2014, its first full year of operation. In view of the May 2014 federal and regional elections, the GRF devised and implemented a threephase lobbying strategy: 1. Meet all of the main political parties, via their study centers, before the elections to introduce the Chamber and its main policy recommendations; 2. Reiterate our key messages during the coalition negotiations; and 3. Engage with the newly elected leaders after the government formations. This strategy produced excellent results. The

breakfast with federal members of parliament

8 | American Chamber of Commerce in Belgium

Chamber established good political contacts, having met eight parties in total before the elections, and some of the Chamberâ&#x20AC;&#x2122;s recommendations were taken over in the partiesâ&#x20AC;&#x2122; election manifestos and in the final government agreements. After the elections, the GRF expanded its outreach efforts to include, for the first time, parliamentarians at the regional and federal levels, starting with a very successful breakfast for federal MPs in October. While supporting the other Committees through joint activities, the GRF also focused on new areas of concern for the Chamber, such as the sixth State Reform, energy and TTIP.

Through a taskforce, the GRF drafted a position paper on plain packaging. In addition, the GRF helped serve the interest of the broader membership, for example, by preparing matrices comparing the PPB recommendations with the election manifestos and the government agreements. Originally established under the auspices of the Communications Committee, the GRF was granted independent Committee status by the Board of Directors in September 2014. A special thank you to Stefaan Fiers who served as Chair of the GRF from October 2013-October 2014

Human Resources Committee The Human Resources Committee’s role is to promote a human resources environment in Belgium which attracts and develops American business and its employees and contributes to their success. Labor market-related priorities remained the main concern of our member companies in 2014. The Human Resources Committee assisted in preparing and updating the Chamber’s policy positions for the 2014 Priorities for a Prosperous Belgium, focusing in particular on labor costs, the harmonization of the status of blue and white collar workers and the talent gap. The Chamber achieved a major lobbying success when the new federal government agreed to reduce employer social security contributions, in line with our recommendation. The impact of the automatic wage indexation has also been reduced significantly by adapting the calculation formulae, and the proposed ‘index

jump’ will lead to minimal indexation in the near future. Given the social climate after the government formation, it was fortuitous that the Committee planned a debate on labor relations in Wallonia with representatives of the local business community in October. One area of growing importance is the talent gap in Belgium, and in June, the Committee co-organized the ‘How to reach the top in tomorrow’s labor market’ event with the Young Professionals Committee. Besides these public events, best practice sharing within the HR Committee is also important. Specialized HR professionals were invited at regular intervals to the Committee’s monthly

meetings to speak on topics such as diversity on the work floor, the HR aspects of restructurings and retention of young potentials, among many others. The HR Committee concluded the year with an informal networking dinner, joined by a member of the Cabinet of Kris Peeters, Minister for Employment, Economy and Consumers. This informative discussion reviewed the major plans of the new government and provided members of the Committee with the opportunity to interact directly with a Cabinet member.

Chair Lisa Salas Aon Hewitt Vice-Chairs Stefan Nerinckx Fieldfisher Sofie Van Huffel ON Semiconductor Belgium Staff liaison Christophe Van Elewyck Taskforces Harmonized Status Immigration Labor Cost Pensions

The Committee plans to strengthen its contacts with the Belgian Government and produce a number of new position papers in 2015.

2014 Annual Report | 9

Legal & Taxation Committee The Legal and Taxation Committee is responsible for monitoring significant tax and legal developments in Belgium (and, subsidiarily, in the EU) and attempting to influence, in a constructive fashion, legislative and administrative decisions in such fashion as to promote the best interests of the American and international business community in Belgium. Chair Howard Liebman Jones Day Vice-Chairs Luc Dhont Procter & Gamble Distribution Co. (Europe) Roel Van Werde Staff Liaison Sue Wheeler Subcommittees Corporate Tax Legal Taskforces Expatriate Tax Regime Fairness Tax Notional Interest Deduction R&D and Innovation Tax Treaty TTIP

2014 was another busy year for the Committee and its Task Forces and Subcommittees. Key highlights include: The R&D and Innovation Taskforce drafted a position paper on “Improving R&D Tax Incentives to Spur Innovation”, which was released in January. Throughout the year, the Task Force worked closely with the Corporate Tax Subcommittee and Government Relations Forum to raise members’ concerns about the manner in which tax authorities are auditing companies that make use of the partial withholding tax exemption for researchers. The Fairness Tax Taskforce is closely monitoring the legal case against the Fairness Tax which is currently pending before the Constitutional Court of

10 | American Chamber of Commerce in Belgium

Belgium. Initial indications are that the Fairness Tax violates the EU ParentSubsidiary Tax Directive. While awaiting a final decision in that regard, the Taskforce is planning meetings with the new Federal Government to seek further clarity on this tax. In April, the United States and Belgium signed an Intergovernmental Agreement (IGA) regarding the implementation of FATCA, the Foreign Account Tax Compliance Act. The Committee organized a seminar in June on tax issues for US expats in Belgium to explain the changes brought by FATCA, which was one of the Chamber’s most successful events of the year. In addition to monitoring the IGA, the Tax Treaty Taskforce continues to liaise with officials in the US Treasury Department to lobby in favor of an

eventual US-Belgium Estate Tax Treaty. In the light of the sixth State Reform which transferred competence for personal income tax to the regions, an Expatriate Tax Regime Taskforce was established in March 2014 with the goal of limiting the impact of these changes on labor costs. The new Federal Government will retain the Notional Interest Deduction (NID) for now, but the NID Taskforce continues to monitor the situation closely. The Committee continues with its monthly schedule of meetings, including speakers covering a wide range of topics such as the future of corporate taxation and EU tax measures, as well as non-tax, purely legal subjects, keeping its members abreast of recent developments in various fields.

Membership Committee The Membership Committee’s overall mission is to help recruit and retain members for AmCham Belgium. •

Improve AmCham’s offering for different membership segments

•

Convert membership prospects from different sources into full memberships at highest possible level

•

Expand membership reach outside of Brussels

•

Increase AmCham membership-awareness among member companies’ employees

In 2014, AmCham Belgium attracted 37 new members, reaching a total of 535 members. This lower number of entries was compensated by nine upgrades, among which six to Patron and Group Patron level. This illustrates the Committee’s effort to improve the added value of the different membership categories. The Government Relations Forum continues to increase

its interaction between Patron members and Belgium’s governments and administrations as well as broadening our network of business & political contacts and has significantly increased the Patron membership’s attractiveness. With the establishment of the Antwerp Chapter, the Chamber has increased its activity level in the wider Antwerp area, and in a continuous attempt to expand member reach

outside of Brussels, events were also organized in Leuven and Liège. The Chamber is also pursuing initiatives that will bring extra value to smaller member companies. An important development for membership this year were the new tools put in place, including the brand new website and CRM-system. While improving the membership experience from a user perspective, they have also helped increase the quality of interactions between the Chamber and existing as well as potential members.

Chair Dave Deruytter ING Belgium vice-Chairs Sandrine Agie Whyte Corporate Affairs Matteo Pederzoli MCI Benelux Staff Liaison Matthieu Woodhouse

new members showcasing reception

2014 Annual Report | 11

Nominations Committee Chair Ludo Deklerck Koan Legal Strategies Joost Maes Egon Zehnder (since January 2015)

This Committee is constituted every year by the Board of Directors when it meets after the Annual General Meeting which takes place in March. It is normally composed of five members. Chaired by Ludo Deklerck in 2014, the members were Olivier Chapelle (Recticel), Ingrid Gonnissen (Xerox), Tom Hawkins (St. Johnâ&#x20AC;&#x2122;s) and Joost Maes (Egon Zehnder). As of January 2015, Joost Maes is chairing the Committee. It is responsible for presenting candidates to join the Board of Directors for election by the membership at the Annual General Meeting. It also proposes the officers for election by the Board. The Articles of Association state that the majority of members of the Board of Directors shall comprise

US citizens and/or persons representing US-controlled companies. It follows that the Nominations Committee will, among others, propose US citizens heading businesses active in Belgium to ensure credibility of its advocacy initiatives. It also aims for high quality top executives who have skills or competencies that can benefit the Chamber and does not recommend re-election of members who have not contributed during their term. The Committee also takes into account the need for diversity among the Board members. During the year, candidates put forward by the Nominations Committee can be approved to join the Board as Advisors. Such Advisors may be invited to attend any Board meeting but will

not have the right to vote until their election to the Board is voted on by the membership at the Annual General Meeting. Four Advisors were appointed during 2014. At the Annual General Meeting in March 2014, the Board composition was approved with the resignation of two Board members during term, the election of six new members and the reelection of four members, each for a term of two years starting on March 14, 2014. During 2014, the Board of Directors comprised 22 Directors and four Advisors. Thank you to Ludo Deklerck who made a major contribution to the Chamber during his term.

2014 Board Nominees

Philip Alliet CEO Belux, Aon Belgium

Michael Beal General Manager Belux, Microsoft

Philippe Lacroix General Manager, Manpower Belgium

Jacques Platieau Country General Manager, IBM Belgium

12 | American Chamber of Commerce in Belgium

Young Professionals Committee The Committee’s role is to stimulate and optimize the dialogue between the younger professionals (~18-35) and the American/Belgian business community in Belgium. The Young Professionals Committee has been organizing numerous creative and impactful events notably its famous ‘blockbusters’: •

•

The Young Professionals@Noon took place five times with the heads of influential companies at The Bank of New York Mellon, Microsoft, ExxonMobil, Solvay and UPS Europe. More than 120 young professionals took part in these intimate (and overbooked) gatherings to network and benefit from the experience of today’s top leaders. The annual ‘Leaders of Today and Tomorrow Speed Networking Event’ took place at Management Centre Europe. 20 CEOs spoke one-on-one with 20 young professionals in

five-minute rounds in a highly energetic and fun evening. •

•

The second YP Networking Night – jointly organized with BECI, Jong Voka, the BelgianChinese Chamber of Commerce and the Belgium-Japan Association Chamber of Commerce – took place and gathered 147 participants. The event affirmed its position as a ‘don’t miss’ event on the calendar each year. The third VIP Reception took place at the offices of AXA Belgium with EU Trade Commissioner Karel De Gucht as guest speaker.

Striving to inspire and help young professionals develop their career, the Committee monitored the second wave of its

Young Professionals VIP Reception

Mentorship Program, which matched nine CEOs and nine mentees for a year. The Committee also co-organized ‘How to reach the top in tomorrow labor market’ event with the HR Committee, which gathered 6 experts to share their best tips for our young professionals’ future on the job market.

Chair Jim Cheng Fuxi Development LLC Benoit Willems 3M Belgium (since February 2015)

Vice-Chairs Tom Swinnen Van Bael & Bellis Staff liaison Jean-Baptiste Deroulez

Last but not least, the Young Professionals Committee published its first position paper “Stronger collaboration necessary to reduce youth unemployment in Belgium”. The Young Professionals Committee looks forward to a very successful, exciting, fun and energetic 2015. Thanks to Jim Cheng for his energy, creativity and dedication to the Young Professionals.

Young professionals networking night

2014 Annual Report | 13

ANNUAL ACCOUNTS The following summary annual accounts are derived from the audited annual accounts for the year ended December 31, 2014.

14 | American Chamber of Commerce in Belgium

Summary annual accounts The American Chamber of Commerce in Belgium ASBL.

Summary annual accounts derived from the audited annual accounts for the year ended December 31, 2014. BALANCE SHEET (Currency - EUR) ASSETS Non-Current Assets Intangible assets (net) Office furniture, fixtures and equipment Less: accumulated depreciation Fixed assets (net) Other non current assets Total Non Current Assets Current Assets Accounts receivable Marketable securities Cash and cash equivalents Prepaid expenses Total Current Assets Total assets

December 31, 2014 45.411 83.485 (79.994) 3.491 1.175 50.077 626.211 926.616 479.532 22.042 2.054.401 2.104.478

December 31, 2013 3.651 86.953 (68.922) 18.031 1.175 22.857 622.617 851.002 630.324 40.197 2.144.140 2.166.997

LIABILITIES AND FUND BALANCE Fund Balance (Note 3) Current Liabilities Accounts payable VAT payable Personnel accruals Other payables Deferred revenue Total current liabilities Total liabilities and fund balance

December 31, 2014 959.757 79.064 105.937 74.405 17.666 867.650 1.144.721 2.104.478

December 31, 2013 942.143 88.305 115.409 79.547 941.593 1.224.854 2.166.997

2014 Annual Report | 15

Summary annual accounts The American Chamber of Commerce in Belgium ASBL.

Summary annual accounts derived from the audited annual accounts for the year ended December 31, 2014. PROFIT AND LOSS STATEMENT (Currency - EUR)

Income • Membership dues • Income from publications • Income from sponsorships • Income from functions Other income: • Miscellaneous income Total income Expenses General and administrative expenses: • Services and other goods • Salaries and related expenses • Depreciation and write off on tangibles • Depreciation and write off on accounts receivable • Other miscellaneous expenses Total expenses Financial result • Financial income • Financial expenses

December 31, 2014

December 31, 2013

855.610 13.645 130.000 54.777 1.054.033

757.050 32.959 133.000 61.821 984.830

12.333

8.461

1.066.366

993.291

483.102 511.803 28.968 13.453 18.541 1.055.868

481.816 464.623 23.704 (12.480) 1.042 958.705

25.924 (18.808)

40.857 (29.395)

Total financial result

7.116

11.462

Result of the period

17.614

46.048

16 | American Chamber of Commerce in Belgium

Summary annual accounts The American Chamber of Commerce in Belgium ASBL.

Summary annual accounts derived from the audited annual accounts for the year ended December 31, 2014. NOTES TO THE SUMMARY OF ANNUAL ACCOUNTS 1

Criteria for the preparation of the summary of annual accounts

The summary annual accounts are derived from the audited annual accounts for the year ended December 31, 2014 and are prepared for the information of the members of the American Chamber of Commerce in Belgium ASBL (the “Association”). They do not include all the disclosures required by the financial reporting framework applicable in Belgium. The statutory annual accounts prepared in accordance the financial reporting framework applicable in Belgium are available at the Association’s office and will be filed and available with the National Bank of Belgium. Reading the summary annual accounts is not a substitute for reading the full set of annual accounts. The summary annual accounts follows the lay out of the full set of annual accounts and provides additional information about revenue and expenses. Furthermore, the summary annual accounts is based on the significant accounting policies of which a summary can be found in note 2 to the summary annual accounts. 2

Summary of significant accounting policies

The operations are financed primarily through membership fees, event income, sponsorship income, and subscription income from its magazines and publications. Income and expenses of the Association are accounted for in the period in which such income is earned and expenses are incurred (accrual basis of accounting). The Association classifies as cash equivalents all highly liquid investments with maturities of three months or less. These marketable securities are accounted for at the lower of their cost or their market value. The Association capitalizes its furniture, fixtures and equipment at cost and depreciates them over the estimated useful lives of the assets, using the straight-line method. The cost and related accumulated depreciation applicable to assets retired are removed from the accounts and the related gain or loss on disposition is recognized in the profit and loss statement. The Association expenses costs has capitalized costs related to the development of the new CRM system as it will generate future economic benefits. These intangible assets are amortized over the estimated period in which the future economic benefits will flow to the Association.

Activities of the American Chamber of Commerce and significant reorganizations

The American Chamber of Commerce in Belgium ASBL was formed as a not-for-profit organization (referred to as an ASBL) to promote the harmonious development of Belgo-American relations in the economic and business field, aiding the growth of trade and investment between the two countries.

2014 Annual Report | 17

Fund balance Activity in the Fund Balance account during the two last years is as follows: Balance as of December 31, 2012 Result of the period for the year ended December 31, 2013 Balance as of December 31, 2013 Result of the period for the year ended December 31, 2014 Balance as of December 31, 2014

EUR 896.095 46.048 942.143 17.614 959.757

Operating leases and commitments

The Association is committed under an operating lease arrangement for office space. A new lease agreement was entered into in 2012, for a period of nine years. The lease agreement for the office space provides for a base annual rent of 54.030 EUR, subject to an annual indexation adjustment. The Association has off balance sheet commitments for 27.015 EUR.

18 | American Chamber of Commerce in Belgium

2014 Annual Report | 19

Annex 1: 2014 Calendar of Events 



Title

Sponsor

January Tue

12:00

Members Only New Members Welcome Lunch

Thu

6 p.m.

Members Only New Year Reception with Belgian Officials

Fri

12:30

Thu

7 p.m.

CEO Discussion Forum

BNP Paribas Fortis

Members Only Luncheon with Top Officials of the Belgian Tax

Administration MSD

February Tue

12:15

Doing Business in the USA Roundtable with Ambassador Johan C. Verbeke

Wed

6:30 p.m.

Young Professionals Young Professionals Networking Night

Wed

5:45 p.m.

New Members Showcasing Reception

Tue

12:00

Young Professionals YP @ Noon with Wim Hautekiet

The Bank of New York Mellon

Thu

11:00 a.m.

Press Conference

Thu

5:00 p.m.

Members Only Annual General Meeting

MCE

Thu

6:00 p.m.

Release of our 2014 Priorities for a Prosperous Belgium

MCE

Mon

5:30 p.m.

Antwerp Chapter Company Visit to Mondelēz

Mondelēz

Wed

11:15 a.m.

CEO Discussion with Tom Donohue, President of the US Chamber of Commerce

Wed

7:30 p.m.

Young Professionals EU40 – Battle for Your Vote

Tue

1:00 p.m.

Business Luncheon with Pascale Van Damme

Wed

8:00 p.m.

Annual Dinner with Deputy Prime Minister Alexander De Croo

Wed

12:00

Members Only New Members Welcome Lunch

Fri

1:00 p.m.

Young Professionals YP @ Noon with Philippe Rogge

Microsoft

Mon

7:00 p.m.

Speed Networking Evening

Faculty Club

Tue

9:00 a.m.

Evolving Tax and Related Developments for US Expats in Belgium, organized by the Legal & Taxation Committee

Tue

10:00 a.m.

Wed

7:00 p.m.

March

April

May Dell

June

Antwerp Chapter Company Visit to ExxonMobil and Lunch

with Ambassador Denise Campbell Bauer Young Professionals How to Reach the Top in Tomorrow’s

Labor Market

20 | American Chamber of Commerce in Belgium

ExxonMobil Loyens & Loeff





Title

Sponsor

JULY Wed

1:00 p.m.

Young Professionals YP @ Noon with Joost Van Roost

ExxonMobil

Mon

7:00 p.m.

EU Briefing on Energy

APCO

September Tue

9:30 a.m.

Impact of the Sixth State Reform on Business in Belgium

Thu

1:00 p.m.

Young Professionals YP @ Noon with Roger Kearns

Solvay

Wed

5:30 p.m.

Future Trends Reception

Microsoft

Thu

7:00 p.m.

Joint Gala Dinner for Ambassador Bauer with the American Club of Brussels

October Wed

12:00

Members Only New Members Welcome Lunch

Fri

10:30 a.m.

Debate on Labor Relations in Wallonia

Tue

7:30 a.m.

Tue

12:00

Thu

6:30 p.m.

Tue

4:00 p.m.

ANTWERP CHAPTER Company Visit to Axalta Coating Systems

Axalta Coating Systems

Thu

12:00

Young Professionals YP @ Noon with Cindy Miller

UPS Europe

Fri

6:00 p.m.

Halloween Party with American Club of Brussels

HEC Liège

Members Only Breakfast with Members of the Federal

Parliament Business Luncheon with Patricia Massetti

MSD

Young Professionals Young Professionals VIP Reception

with Karel De Gucht

AXA Belgium

November Wed

12:00

CEO Lunch with Bernard Gustin

Thu

6:00 p.m.

Members Only CEO Thanksgiving Walking Dinner

Thu

6:15 p.m.

Young Professionals Leaders of Today & Tomorrow

CEO thanksgiving walking dinner

Speed networking evening

Brussels Airlines MCE

future trends reception

2014 Annual Report | 21

Annex 2: List of Member Companies 0-9 3M Belgium

A A. Schulman Plastics BVBA

ArcelorMittal Finance and Services Belgium Arthur D Little Asterion Belgium NV

A.T. Kearney

AT&T Global Network Services Belgium & Luxembourg BVBA

AB InBev NV

Ateac Belgium NV/SA

Abbott SA

Avaya Belgium BVBA/SPRL

AbbVie SA

AXA Belgium

ABRA

Axalta Coating Systems Belgium BVBA

Accenture NV/SA

Axiom Consulting Partners Benelux BVBA

Accord Group Belgium

Borderless Executive Search BP Brilliant Relocation Center Bristol-Myers Squibb Belgium SA British American Tobacco Belgium NV/SA Brussels Airlines NV/SA Brussels Airport Company Brussels Business Flats Brussels Invest & Export Agency Brussels Marriott Hotel Brussels Special Venues Buckman

Acerta

Bain & Company Belgium, Inc.

Ackroyd Publications NV

Baker & McKenzie CVBA/SCRL Avocats

Aerospace Specialty Products BVBA

Baker Tilly Belgium

AG Insurance NV/SA

Baltimore Aircoil Int. NV

Agoria

Bank Degroof NV/SA

AGS International Moving and Storage

Barco NV

AIG Europe Limited

Baxter Belgium SPRL

Air Products NV/SA

Baxter Distribution Centre Europe

Akkanto NV/SA

Baxter R&D Europe SPRL

Alcon NV

Baxter SA

Alexander Hughes

Baxter Services Europe SA

CEJI - A Jewish Contribution to an Inclusive Europe

Alexion Pharma Belgium BVBA/SPRL

Baxter SPRL

Center for Creative Leadership

Allen & Overy LLP

Baxter World Trade SPRL

Certpoint

Allnex Belgium NV/SA

BDO Brussels

CEVA Freight Belgium NV

Aloft Brussels Schuman

BearingPoint Belgium

Chemtool BVBA

Alpha Card SCRL/CVBA

Beaulieu International Group NV

Alpro CVA

Bedford Hotel & Conference Center

Chevron Phillips Chemicals International NV

Alternativ Furniture Solutions NV/SA

Bekaert NV

Altius

Belgacom

American University Amgen NV/SA

Belgian Association of Pension Institutions

Amway Belgium Co.

BEPS SCiv SPRL à finalité sociale

Clifford Chance LLP

Andrews Blakeway Relocation

Biomedical Systems BVBA/SPRL

CNA Insurance Company Ltd.

Ansys Belgium

Biorius SPRL

Coca-Cola Enterprises Belgium

Antwerp International School VZW

Bird & Bird LLP

Coca-Cola Services NV/SA

Antwerp Management School

BlackRock Investment Management (UK) Limited - Brussels Branch

Cofinimmo NV/SA

Antwerp Port Authority Aon Hewitt (Aon Belgium SPRL/BVBA) APCO Worldwide Aprico Consultants NV/SA Aramark NV/SA

BusinessFruit

C Capsugel Belgium NV Cardio3 BioSciences Cargill NV Casinos Austria Caterpillar Belgium SA Caterpillar Distribution Services Europe BVBA

Cisco Systems Belgium BVBA Citibank International Plc Claeys & Engels Cleary Gottlieb Steen & Hamilton

Blondé NV

Cognizant Technology Solutions Belgium NV/SA

Blount Europe SA

Cold Jet Europe BVBA

B-management NV/SA

Commerzbank AG

BNP Paribas Fortis NV/SA

Compas International Movers NV

Bofidi Brussels CVBA/SCRL

Conac

22 | American Chamber of Commerce in Belgium

Concordia NV Context Partners

Eaton Electric BVBA/SPRL

Continental Carbon Europe

Egon Zehnder

Control Risks Benelux BV

ElaN Languages NV

Cornerstone Business Transformation Services NV/SA

Eli Lilly Benelux NV/SA

Covington & Burling LLP Crown Plaza Crown Relocations Belgium NV CS&A International Risk & Crisis Management

Elia Group

ERGON Europe MEA, Inc Eryv SPRL

Dell NV Deloitte Deloitte Accounting & Compliance Solutions

Fischbein NV/SA Flanders Investment & Trade FN Herstal SA

ESISC - European Strategic Intelligence & Security

Delhaize Group

FEVIA Fieldfisher

Emirates

Cyberonics Europe BVBA

Dechert LLP

Ferro (Belgium) SPRL Fiat Group Automobiles Belgium NV/SA

EMG

ESCO Belgium SA

De Broeck Van Laere & Partners

Federgon VZW Ferenc Ballegeer

Cummins NV

Federal Public Service Economy (FPS) Service for Foreign Investments

Foley & Lardner LLP Fotocom SA

Esko-Graphics BVBA (WW HQ)

Four Points Hotel Brussels

Essenscia

Fragomen Global LLP

Estée Lauder Cosmetics NV

Franklin Templeton International Services BVBA/SPRL Belgian Branch

EuroCity BVBA/SPRL Euroclear NV/SA Euronext Brussels NV/SA European Policy Centre

Freshfields Bruckhaus Deringer LLP FRX Polymers Europe NV FTI Consulting

Deloitte Bedrijfsrevisoren

Euroports Holdings SARL

Future Vision Marketing BVBA (Crestron International)

Deloitte Bedrijfsrevisoren / Réviseurs d’Entreprises

Evapco Europe BVBA

Fuxi Development LLC

Deloitte Belastingconsulenten

ExxonMobil Petroleum and Chemical BVBA

Deloitte Belastingconsulenten/Conseils Fiscaux

Deloitte Belgium

EY Brugge

Deloitte Consulting

EY Ertvelde

Deloitte Enterprise Risk Services

EY Gent

Deloitte Fiduciaire

EY Gosselies

Deloitte Fiduciaire - Tax & Legal Services

EY Groot-Bijgaarden

Deloitte Financial Advisory Services

EY Hasselt

Deloitte Services & Investments

EY Liege

Delta Air Lines, Inc.

EY Mons

Delta Lloyd Life NV/SA

EY Réviseurs d’Entreprises

DLA Piper

EY Roeselare

Donaldson Europe BVBA

EY Ronse

Dow Corning Europe SA

EY Sint-Niklaas

Dumon, Sablon & Vanheeswijck

EY Tournai

Genzyme Flanders BVBA Gilead Sciences Belgium BVBA GlaxoSmithKline Biologicals SA GMED Healthcare BVBA Golf Château de la Tournette Gosselin Moving NV Graco BVBA Grant Thornton Belgium CVBA/SCRL Great Place To Work Gresham Belson Hotel Brussels GS1 AISBL

H Hard Rock Cafe (Belgium) NV/SA

Dunhill Financial

Facebook Belgium BVBA/SPRL

Dunn & Hargitt Research NV/SA

Faculty Club

DuPont de Nemours (Belgium)

Federal - Mogul Global Aftermarket EMEA BVBA

Duracell Batteries BVBA

Galilei - a Randstad division GE - General Electric NV/SA

EY Antwerpen

Dun & Bradstreet Belgium NV/SA

Federal Express European Services Inc.

Hasbro Belgium NV Hay Group NV Healthy Brands HEC Management School, University of Liege Heidrick & Struggles International Inc. Hergon Leuven NV

2014 Annual Report | 23

Hewlett Packard Belgium BVBA

Johnson & Johnson MD&D

LexisNexis

Hill and Knowlton International Belgium NV/SA

Johnson & Johnson Medical NV

Liedekerke Wolters Waelbroeck Kirkpatrick

Honeywell Europe NV

Johnson & Johnson NCB Non Commercial Branch

Hong Kong Economic and Trade Office

Johnson Controls Inc., European HQ

LifeScan Benelux

Hotel Amigo Brussels (Rocco Forte Hotels)

Jones Day

Linklaters LLP

Jonkers and Partners SPRL

Lionbridge Belgium

JPMorgan Chase Bank

Loyens & Loeff Advocaten - CVBA/SCRL

HSBC Belgium Hudson-Sharp Machine Company BVBA

I IBM Belgium BVBA/SPRL

JT International Company Netherlands BV (Belgian Branch) Julius Baer Investment Services SARL

ICF GHK

Liège Airport

M Mécanique de Précision Colinet SPRL Colinet SPRL Magic Monkey

ICOS Vision

K law

Management Centre Europe

IMS

K&L Gates

Manpower Belgium NV/SA

IMS Health BVBA

KBC Bank NV/SA

MAP Relocations NV

ING Belgium NV/SA

KBT

Martin’s Brussels NV/SA

Ingersoll Rand International Ltd

Kellen Europe NV

MasterCard Europe SPRL

Insights Benelux

Keller and Heckman

McDonald’s Belgium NV

Interdean Relocation Services NV

Kelley Drye & Warren LLP

McGuireWoods LLP

Interel

Kelly Services Belgium BVBA

MCI Benelux NV/SA

Interior Rent

Ketchum

McKinsey & Company, Inc. Belgium

International New York Times

Kiala NV/SA

Intertrust Belgium NV

KitchenAid Europa Inc.

McKinsey Knowledge Centre Belgium Inc.

Invest in France Agency Benelux

Koan

Inyourshoes

Korn/Ferry International

Isabel NV/SA

KPMG

ITR Economics

KPMG Advisory

IUS Laboris

KPMG Antwerp

J J.C. General Services CVBA (Johnson & Johnson)

MeadWestvaco Europe BVBA/SPRL Medicis MenT Associates Mercer (Belgium) NV/SA Metropole Hotel

KPMG Bedrijfsrevisoren/KPMG Réviseurs d’Entreprises

Michelman Michelman International Belgium SPRL

KPMG EU Office

Microsoft NV/SA

J.M. Huber Belgium BVBA

KPMG Gent

Miffa Group

Janssen - Cilag NV

KPMG Hasselt

Milliken Europe BVBA

Janssen Infectious Diseases Diagnostics BVBA

KPMG Liège

Minds & More CVBA

Janssen Pharmaceutica NV

KPMG LLP

Momentum VOF

KPMG Louvain-la-Neuve

Mondelez Belgium BVBA

KPMG Oevel

Monster Belgium NV

KPMG Tax and Legal Advisers

Monument Chemical BVBA

KPMG VIAS

Moore Stephens

Kuehne & Nagel

Motion Picture Association

Japan Machinery Center for Trade & Investment Jet Airways (India) Ltd JLL John Bean Technologies NV

Motorola Solutions Belgium NV

John Hancock International Services NV/ SA

Lancer Europe NV

MRC Transmark NV Prometal

Johnson & Johnson Consumer NV

Laser Mechanisms Europe NV

MSD Belgium BVBA/SPRL

Johnson & Johnson Global Treasury Services Center

Law Offices of Richard S. Goldstein

M-Treasury Management BVBA/SPRL

Law Square BCBVA

MWH SA

Johnson & Johnson International

Le Châtelain Boutique Hotel

24 | American Chamber of Commerce in Belgium

N NautaDutilh BVBA/SPRL Neovia Logistics Netshield

Professional Investment Consultants (Europe) NV

Stanley Works (Europe) GmbH, Belgian Branch

PVS Chemicals Belgium NV

Staples

PwC (European Public Affairs)

Starwood EAME License and Service Company

PwC Advisory Services CVBA

Nomacorc SA Novus Europe NV/SA NSF Belgium BVBA Nu Skin Belgium NV NWL Belgium Services BVBA NYSE Euronext

O Odgers Berndtson

PwC Bedrijfsrevisoren CVBA PwC Belgium BVBA PwC Business Advisors CVBA PwC Enterprise Advisory CVBA PwC Tax Consultants BCVBA

Q Qualimax

O’Melveny & Myers LLP Omrix Biopharmaceuticals NV/SA ON Semiconductor Belgium BVBA Optima Global Estate Brussels Ortho-Clinical Diagnostics NV OSQB BVBA Outsource Communications

State of Illinois State Street Global Advisors LTD. Steigenberger Grandhotel, Brussels Steptoe & Johnson LLP Stewart and Stewart Stibbe StrateCare Partners

Quanteus BVBA

Oleon NV

Starwood EAME Services Company

Stryker NV

Questa Advocaten

R Recticel NV/SA

Synthes NV/SA

Regus Renaissance Brussels Hotel Right Management Belgium NV/SA Riverside Europe Partners BVBA/SPRL Roger Moziynski

Park Inn by Radisson Brussels Midi

RSM Belgium - Toelen Cats Dupont Koevoets Group CVBA

Parker Hannifin BeLux SPRL

RSM Erasmus University

Partenamut Euromut

SWIFT

Takenaka Europe GmbH Belgium Branch Taminco BVBA Tax Consult NV/SA Taxpatria Team Relocations Telenet NV Temco Europe Holdings NV/SA Tennant Europe Tenneco Automotive Europe NV

Pentair Thermal Management

SD Worx

PerkinElmer NV

Secretary Plus Management Support NV

Petercam

Service Rendering Company BVBA

Pfizer Clinical Research Unit

Sheraton Brussels Airport Hotel

Pfizer European Service Center BVBA

Sheraton Brussels Hotel

Pfizer Manufacturing Belgium NV

Shurgard Europe VOF

Pfizer NV/SA

Skechers EDC SPRL

Pfizer Service Company BVBA

Sofitel Brussels Europe

PFSweb SPRL

Solvay NV/SA

Philip Morris Benelux BVBA

Sonaca

Pittsburgh Corning Europe NV

The Walt Disney Studios (Belgium) BVBA/SPRL

Sotra

PolyOne Belgium SA

Thermo Fisher Scientific BVBA

Square Circle

Port Authority Zeebrugge - MBZ

These Days Y&R

Squire Sanders

Port of Ghent

ThromboGenics NV

St. John’s International School F.C.J. ASBL

Tiberghien

St. Jude Medical Coordination Center BVBA

Toro Europe NV

Procter & Gamble Distribution Co. (Europe) BVBA Procter & Gamble Manufacturing Belgium Procter & Gamble Manufacturing Belgium NV Procter & Gamble Prestige Products NV Procter & Gamble Services Company NV

Texas Instruments Belgium NV/SA The Bank of New York Mellon NV/SA The British School of Brussels (BSB) The Conference Board The Fry Group (Belgium) The Hotel The Library The Profile Group NV/SA

TMF Accounting Services

Stanley Black & Decker Belgium

Tower Automotive Belgium BVBA

Stanley Black & Decker Belgium BVBA

Towers Watson NV/SA

Stanley Black & Decker Logistics BVBA

Transworld International NV

Stanley Security Europe BVBA

Tupperware Belgium NV (Manufacturing) Tweddle Group Belgium

2014 Annual Report | 25

XYZ

UCB NV/SA

Xerox NV

Unicef Belgium

YouthStart Belgium

Unify Communications NV

Ziegler Relocation NV/SA

United Airlines, Inc. United Fund for Belgium United Innovators BVBA UOP NV UPS Belgium NV UPS Europe BVBA/SPRL UPS Global Treasury Finance BVBA/SPRL UPS SCS UPS SCS (Belgium) NV UPS Supply Chain Solutions Belgium NV URS Belgium BVBA US Tax Abroad BVBA

V Value Retail Management Belgium NV Van Bael & Bellis Van Olmen - Wynant Vandendijk & Partners Avocats Advocaten Vasco Data Security International Vesalius College VZW/ASBL VF Europe BVBA Visit Brussels Vistra Corporate Services (Belgium) NV/ SA Vlaams Centrum voor Kwaliteitszorg Vlerick Business School VVGB Advocaten-Avocats

W W.H. Brady NV W.L. Gore & Associates GmbH Wabco Europe BVBA/SPRL Wallonia Foreign Trade and Investment Agency Weber Shandwick Worldwide Wenger Overseas Inc. Whyte Corporate Affairs Wimble Manufacturing Belgium BVBA â&#x20AC;&#x201C; Pringles A Kellogg Company

26 | American Chamber of Commerce in Belgium

Our Secretariat

Marcel Claes Sheila Rosseau

Marcel Claes, Chief Executive Sheila Rosseau, Senior Director Sue Wheeler, Policy, Finance & Administration Director Jean-Baptiste Deroulez, Office Manager

Sue Wheeler

Jean-Baptiste Deroulez

Daniel Pyster, Communications Manager Dawn Smith, Events Manager Christophe Van Elewyck, Policy Coordinator Nefeli Van Hege, Communications & Marketing Coordinator

Daniel Pyster Dawn Smith

Matthieu Woodhouse, Member & Business Development Coordinator

Christophe Van Elewyck Nefeli Van Hege

Matthieu Woodhouse

2014 Annual Report | 27

This page intentionally left blank. 28 | American Chamber of Commerce in Belgium

We thank our members for their continued support and look forward to a great 2015 together!

Photo credits: pp.2-3: ©iStock.com/RENGraphic and ©iStock.com/dutchicon; p. 6: Courtesy of ExxonMobil; p. 9: ©iStock.com/Rawpixel; p. 10: CC BY-NC-SA flickr / fabonthemoon; p. 28: Staff portraits by Abram Edgar

Connect with us on:  @AmChamBE  facebook.com/AmChamBelgium  linkedin.com/company/amcham-belgium

Managing Editor (e.r./v.u.): Sheila Rosseau

rue du Trône 60 Troonstraat – 1050 Brussels Tel. +32 (0)2 513 67 70 | Fax +32(0)2 513 35 90 info@amcham.be | www.amcham.be