European Chamber of Commerce (Singapore) Minutes AGM EuroCham 22 March 2018 Page 1 of 12 Annual General Meeting 8th April 2018, 18.30h – 20.30h Grand Hyatt, Grand Residence 6 10 Scotts Road Minutes (draft) Corporate Members present or proxy: Federico Donato Credit Suisse, Singapore Branch Lina Baechtiger PMI Mark Gabel Sipura Enterprises Pte Ltd Franck Perraudin Sanofi Michel Huguenin planitswiss Asia Franz-Josef Kleideitert Kienbaum/FJK Consultants Pte Ltd Martin Hayes Robert Bosch Felix Krebs Robert Bosch Yiannis Korkovelos Philip Morris Singapore Pte Ltd (PMI) Winnie Tan Philip Morris Singapore Pte Ltd (PMI) Dirk Jaensch BearingPoint Consulting Pte Ltd Olaf Stier Commerzbank AG Paolo Rampichini Roche Antonio Feraco TÜV SÜD Asia Pacific Pte Ltd Ruediger Schaefer Allianz SE, Singapore Branch Dirk Hoepfl IE Business School Eckart Jensen HR ACT Pte Ltd Yoko Koike BASF South East Asia Pte Ltd Shaun Wee MHD Ada Wong Sanofi Richard Andrew Landmark Public Affairs Chua Wan Ping APB Singapore Antonio Feraco TÜV SÜD Asia Pacific Pte Ltd Domenico Ferrari BP Singapore Pte. Limited Simone Fibiger Evonik (SEA) Pte Ltd Joachim Herrmann German European School Singapore Gabriele Tironi PwC Singapore Cecilia Leong-Faulkner British Theatre Playhouse Matthew Tan Pernod Ricard Singapore Pte Ltd Shaun Wee Moet Hennessy Diageo Singapore
Transcript
European Chamber of Commerce (Singapore)
Minutes AGM EuroCham 22 March 2018 Page 1 of 12
Annual General Meeting
8th April 2018, 18.30h – 20.30h Grand Hyatt, Grand Residence 6
Yiannis Korkovelos Philip Morris Singapore Pte Ltd (PMI)
Winnie Tan Philip Morris Singapore Pte Ltd (PMI)
Dirk Jaensch BearingPoint Consulting Pte Ltd
Olaf Stier Commerzbank AG
Paolo Rampichini Roche
Antonio Feraco TÜV SÜD Asia Pacific Pte Ltd
Ruediger Schaefer Allianz SE, Singapore Branch
Dirk Hoepfl IE Business School
Eckart Jensen HR ACT Pte Ltd
Yoko Koike BASF South East Asia Pte Ltd
Shaun Wee MHD
Ada Wong Sanofi
Richard Andrew Landmark Public Affairs
Chua Wan Ping APB Singapore
Antonio Feraco TÜV SÜD Asia Pacific Pte Ltd
Domenico Ferrari BP Singapore Pte. Limited
Simone Fibiger Evonik (SEA) Pte Ltd
Joachim Herrmann German European School Singapore
Gabriele Tironi PwC Singapore
Cecilia Leong-Faulkner British Theatre Playhouse
Matthew Tan Pernod Ricard Singapore Pte Ltd
Shaun Wee Moet Hennessy Diageo Singapore
European Chamber of Commerce (Singapore)
Minutes AGM EuroCham 22 March 2018 Page 2 of 12
Armin Bruck Siemens
Colin D'Silva GSK
Chia Huei Yen IPSEN Pharma
Ti Hwei How AstraZeneca
Davide Besana Edrington
Belinda Ng Cegos
Serene Law Frozen Lime Asia Pte Ltd
Wanda Preiser Nanyang Technological University Singapore
Wolfgang Mueller-Wittig Fraunhofer Singapore
Peter Meinshausen Evonik (SEA) Pte. Ltd.
Abed Islam BNP Paribas
Walter Marchi Unicredit
Sharmini Lohadhasan BP Singapore Pte Limited
Justin Lee Gateway Law Corporation
Tan Ping Ping Prudential
Philippe Van Hoof ING
Poxy
Lizum Mishra Lego Singapore
Simon Jim Brand M O Limted
Nicolas Richard AirFrance/KLM
Patrick Andreatta SwissRe
Philippe Bonnet Essilor
Christophe Werner BMW Asia
Steve Chan BMW Asia
Peter Meinhausen Evonik
Franca Ciambella Consilium Law Corporation
Gianfranco Casati Accenture
Steffen Hessel Robert Bosch
Tim Philippi Singaporea-German Chamber of Commerce
Cedric Retailleau Pernod Richard
Ravi Ravindran Ravindran Associates LLP
Tammy Chua Boncafe
Angela Mancini Control Risks
Stefan Baumann Deutsche Bank
Harjan Kuiper Rabobank
Wong Tsung Wei William Grant &Sons
Christopher Wing Scor Services
Els Van Poucke BLBG
European Chamber of Commerce (Singapore)
Minutes AGM EuroCham 22 March 2018 Page 3 of 12
Corporate Members in attendance (associate members)
Serene Law Frozen Lime Asia Pte Ltd
Bob Aubrey AHDO
NBG Members present or proxy
Asger Daugbjerg IME SIngapore Pte. Ltd.
Knut Unger Austrian Business Association (ABA)
Jens Ruebbert Singaporean-German Chamber of Industry and
Commerce (SGC)
Martin Angelov BSiP LLP
Tom Ludescher SwissCham
Philippe Wind French Chamber of Commerce Singapore
David Monaghan Irish Chamber of Commerce (Singapore)
Leonard Stornes Norwegian Business Council Singapore
Ad Ketelaars ADB-DutchCham (Singapore)
Janne Lautanala Finnish Business Council (Singapore)
Ashleigh Roberts Irish Chamber of Commerce (Singapore)
Margit Kunz SGC – Deputy GM
Roger Stadler SGC Alternate Representative to EuroCham
In attendance:
EU Delegation in Singapore H.E. Barbara Plinkert
EuroCham Nele Cornelis
EuroCham Elgin Seah
EuroCham Clara Cho
Quorum In total, 59 members eligible to vote were present. As the quorum was not present at 6 pm, the meeting was adjourned for half an hour. The meeting started at 6.30pm and was opened by Mr. Knut Unger, Secretary of EuroCham.
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Minutes AGM EuroCham 22 March 2018 Page 4 of 12
1. Opening by the Treasurer
The Secretary welcomed the attendees to the AGM of the European Chamber of Commerce, Singapore.
Agenda: • Opening by Mr. Knut Unger, Secretary of EuroCham • Approval of minutes of Annual General Meeting 2018 • Annual Report: March 2018 - March 2019 (article 7.II (a) (i))
• Strategic Direction Plan • Approval of Financial Report for the year ending 31st December 2018 and appointment of
Auditors for the Financial Year 2019 (article 7.II (a) (i) & (iii)) • Approval of Budget 2019 • Overview of activities EuroCham 2018 vs strategic plan 2018 • Voting for Corporate Board members • Any other business
2. Approval of Minutes of Annual General Meeting 2018
The minutes of the AGM held on 22nd of Martch 2018 were unanimously approved.
3. Annual Report March 2018 – March 2019 (article 7.II (a) (i))
Mr Federico Donato started with highlighting the achievements of the 3 year Strategic Direction plan as presented at the AGM 2018. There has been a successful execution of the strategic plan for year 1 and year 2: Year1 : • rephrased Vision/Mission • Priority focus strategy on membership tier group 1 • Starting 3 new committees • 2 Events/year with NBGs • Invest in media/PR strategy • Invest resources in Marketing/Branding plan (website, social media platforms, revamped
magazine) • Investing resources in new CRM/accountancy software Year 2: • Enlarging EUCHAM base: CEEC Project • A 3rd flagship event • Continue focus strategy on membership tier group 1, and opening to tier group 2 • Start 4 new committees • 3 Events/year with NBGs • Continue invest in media/PR strategy • Continue invest in Marketing/Branding plan • Relocate to a new office
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Minutes AGM EuroCham 22 March 2018 Page 5 of 12
Mr Donato continued with an overview of the Chambers achievements in the last year. He highlighted the successes of 2018 and how the Chamber’s activities have generated more meaningful relations in public and private sectors and attracted more participants to its activities. Mr Donato proceeded with an overview of the events and activities in 2018. i. Flagship Events Mr Donato first highlighted the success of the 6th ASEAN-EU Business Summit jointly organized with the EU-ASEAN Business Council and the Singapore Business Federation. The summit saw a turnout of 330 participants, 6 ASEAN ministers and the EU Trade Commissioner in the lineup of speakers. A surplus of 86K will be split in three equal parts as per the Memorandum of Understanding (MoU) that was signed. Mr Donato also mentioned Europe Day Luncheon 2018 held on 4th of May, with newly appointed Minister of Trade and Industry, Mr Chan Chun Sing as the keynote speaker and Guest-of-Honour. The event received 180 guests, inclusive diplomats and government officials and made a 26K profit. He continued with featuring the launch of the Schuman Business Talk event series with Mr Marcus Wallenberg as the first keynote speaker. This first edition, which was held in partnership with the Swedish Chamber of Commerce on 3rd of June. Mr Donato proceeded to highlight the successes of Outreach event on 18th of November 2018 at the Grand Hyatt. This event was a collaboration between the European Chamber of Commerce (EuroCham), The Ministry of Trade and Industry of Singapore (MTI), Singapore Business Federation (SBF), European Union Delegation to Singapore, Enterprise Singapore. Ms Cornelis also pointed out the popularity of the European Networking Nights, which has brought the Chamber good visibility. ii. Committees Next, Mr Donato delivered an update of EuroCham’s committees. In summary, ● a total of 36 committee meetings were held in the period March 2017 to March 2018 ● The following position papers were conducted: one by the Financial Services Committee and
another one by the HR committee ● One Survey was conducted on Manpower ● Fourteen closed door dialogues were organized with government agencies. ● One Singapore budget 2018 submission to Ministry of Finance (MOF)
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Minutes AGM EuroCham 22 March 2018 Page 6 of 12
Mr Donato made special mention of the following committee highlights: ● Product training session with Singapore Customs ● Legislative sharing with National Environment Agency (NEA) on mandatory packaging reporting
legislation ● Dialogue with Manpower Minister Josephone Teo ● SARD #HowMuchIsTooMuch responsible drinking campaign with SNBA ● An analysis of RCEP and its impact on businesses and economies” by Dr Deborah Elms, Executive
Director, Asian Trade Centre ● Cyber security panel debates with SWIFT, Grab
These selected committee-driven activities reflect the growing and deepening collaboration between EuroCham and a large number of key local and foreign agencies. Among EuroCham’s stakeholders are: MTI, MOM, EDB, NTUC, WSG, IMDA, Singapore Police, AVPN, NEA, AVA, Singapore Tourism Board, MEWR, Health Promotion Board, MOH, OMFIF Following that, Mr Donato presented to the assembly key meetings with EU institutions, local and regional government representatives, reflecting EuroCham’s role as interlocutor of choice He continued with a line-up of the advocacy work of EuroCham in favor of theEU- Singapore Free Trade Agreement. Among these activities was a meeting with EU Member of Parliament in Singapore, a breakfast dialogue with 14 MEPs in Singapore, a mission to Brussels to meet key people at EU Commission and EU Parliament, the facilitation of a statement letter signed by 13 NBGs and EuroCham, a presentation at an in-camera & INTA Meetings at EU Parliament in Brussels.
Moving on, Mr Donato, informed the electorate of EuroCham’s revamped communication platforms, which include digital platforms such as: website, eDMs, e-Newsletter and social media channels (i.e. Twitter, LinkedIn). An annual magazine (1500 copies) is also published at the beginning of each year. A new logo, new brand colors and the revamp of all communication tools have been launched. He also mentioned the success of the November madness campaign that attracted 12 new members. Mr Donato informed the guests about theproject “ Central East European Chamber (CEEC). He explained that CEEC Singapore’s governance is to comprise of a Governance Board of CEE companies and individuals; as well as an Advisory Board made up of diplomatic rep. or other notable individuals, with genuine interests in CEEC’s activities. Once the CEEC is endorsed by ROS it will operate independently. Ms Donato proceeded to thank all our sponsors and advertisers of 2018 for their generous support. He also expressed thanks and gratitude to the EU Delegation of Singapore for their continuous support and thanked specially EuroCham’s patrons, EU H.E. Barbara Plinkert. He also made special mention of the various Singaporean government agencies that EuroCham has been working with via the committees so far.
iii. Membership
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Mr Asger Daugbjerg, treasurer, informed the electorate of a decrease of membership between 2017 and 2018 with a nett loss of 12 memberships. Mr Daugbjerg thanked for the support of the National Business Groups and the Chamber’s esteemed Gold Members. Mr Daugbjerg moved on to welcome six new Gold Members into the community: Vodafone, Ipsen Pharma, LBEBW, BNP Paribas, Accenture, Credit Suisse.
4. Approval of Financial Report year ending 31st December 2018 and appointment of Auditors for
the Financial Year 2019
Treasurer, Mr Daugbjerg commented that EuroCham continues to maintain a healthy balance in terms of finances and has been working to ensure the financial sustainability and health of the Chamber. The financial statements for the year 2018 were duly approved. The Auditor’s opinion was noted underlining the fact that financial statements of the Chamber are properly drawn in accordance with the provisions of the Singapore Financial Reporting Standards.
A hard copy of the audit report 2018 was made available to the participants at the beginning of the meeting, at the registration desk. Moving on, the Treasurer proposed to re-appoint Mazars as EuroCham’s auditors for the financial year 2019. This proposal was approved.
5. Approval of Budget 2019
Treasurer, Mr Daugbjerg presented the Budget for 2019 as outlined in Annex A. The budget for 2019 was unanimously approved by the electorate. 6. Annual Report: Governance
Mrs Nele Cornelis, Executive Director proceeded with a short presentation on the current governing board of EuroCham. Mrs Nele Cornelis informed the members of the following: ● Between March 2018 - March 2019, 8 Board meetings were held ● Regular coordination meetings with Executive Directors of NBGs (information sharing,
updates, collaborate on common projects, discuss issues of common interest, quarterly meetings)
● Minutes of EXCO meetings - circulated to Board and Executive Directors ● Upcoming Board meetings for March 2019 - March 2020:
1. Friday 10th May 8.30-10.00am 2. Friday 7th June 8.30-10.00am 3. Friday 12th July 8.30-10.00am 4. Friday 13th September 8.30-10.00am 5. Friday 25th October 8.30-10.00am
Mrs Cornelis proceeded to present the Board Committee Members that had the mandates by 31st of Dec 2018 to the electorate: ● Mr Federico Donato, President ● Mr Mark Gabel, Vice President ● Dr Bicky Bhangu, Vice President ● Dr Tom Ludescher, Vice President ● Dr Knut Unger, Secretary ● Mr Asger Daugbjerg, Treasurer
Mrs Cornelis proceeded to present the Board Committee Members that had the mandates by April 2019 to the electorate:
● Dr Knut Unger, Austrian Business Association (ABA) ● Mrs Els van Poucke, Belgian-Luxembourg Business Group (BLBG) ● Mr Martin Angelov, Bulgarian-Singapore Partnership Alliance (BSiP) ● Mr Ad Ketelaars, ADB-Dutch Chamber of Commerce (Singapore) (ADB-DutchCham) ● Mr Phillippe Wind, French Chamber of Commerce (Singapore) (FCCS) ● Mr Asger Daugbjerg, Danish Business Association of Singapore (DABS) ● Mr Alberto Martinelli, Italian Chamber of Commerce (Singapore) (ICCS) ● Mr Conor McCoole, Irish Chamber of Commerce (Singapore) ● Mr Leonard O. Stornes, Norwegian Business Association of Singapore (NBAS) ● Mr Lars Rönnquist, Swedish Chamber of Commerce (Singapore) (SwedCham) ● Mr Jens Ruebbert, Singaporean-German Chamber of Industry and Commerce (SGC) ● Mr David Monaghan, Irish Chamber ● Dr Tom Ludescher, SwissCham Singapore ● Mr Janne Lautanala, Finnish Business Council Mrs Cornelis also made special mention and gave a special thanks to the former Board members:
• Former President, Mr Stefano Poli
• Vice-President, Dr Bicky Bhangu representing BritCham
• Former Vice-President, Mr Ricardo Uncilla representing the Spanish Chamber
• Board member, Mr Connor McCoole representing the Irish Chamber
• Corporate Board member, Mr Andrew Naylor
• Board member, Mr Jan Stjernstrom representing SwedCham
• Board member, Mr Roger Stadler representing the German Chamber Mrs Cornelis proceeded to present the EuroCham Team to the electorate: ● Nele Cornelis, Executive Director ● Elgin Seah, Corporate Affairs Manager
● Clara Cho, Communication & Administration Manager ● Therese Kaziule, Marketing & Events Trainee
Mrs Cornelis gave special thanks to former staff of EuroCham:
• Lisa van der Heijden, former Business and Committee Manager
• Emilie Lessent, former Marketing and Events Trainee
Mrs Cornelis proceeded to present the candidates for the mandate of Corporate Board Member for the period 2019-2020 up for election. ● Federico Donato, representing Credit Suisse ● Mark Gabel, representing Sipura Enterprises ● Wilf Blackburn, representing Prudential ● Lina Baechtiger, representing PMI ● Philippe Van Hoof representing ING Bank ● Steffen Hessel representing Bosch (SEA) Pte Ltd
The members of the electorate with legal voting right and with legal voting right through proxy were invited to submit their vote with a secret ballot to elect the 5 corporate representatives to hold mandate in the Board of Governors for the period 2019-2021. Afterwards the following results were exposed to the electorate:
● Mr Federico Donato, 46 votes – elected ● Mr Philippe Van Hoof, 42 votes -elected ● Mrs Lina Baechtiger, 42 votes – elected ● Mr Wilf Blackburn, 37 votes -elected ● Mr Mark Gabel, 31 votes - elected ● Mr Steffen Hessel, 23 votes – not elected
Afterward the newly elected Board selected among themselves the posts in the following sequence: President: Mr Federico Donato 4 Vice Presidents: Mr Philippe Van Hoof, Dr Knut Unger, Mr Philippe Wind, Mr Wilf Blackburn Secretary: Dr Knut Unger Treasurer: Mr Asger Daugbjerg 7. Upcoming Events
Ms Cornelis delivered an update on EuroCham’s upcoming events. Europe Day Luncheon 2019 This flagship event will be held on 3rd May 2019 at Grand Hyatt. The guest of honour and key note speaker is confirmed to be Deputy Prime Minister Heng Swee Keat. Prior to the luncheon, a closed-door session with the DP Minister has been scheduled. Other Events • 24/4: Breakfast seminar on Energy Management (TBC) • 3/5 : Europe Day • May: New Office Opening reception
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Minutes AGM EuroCham 22 March 2018 Page 10 of 12
• 29/5: C-suite Networking Lunch w/ Mr. Desmond Kuek, Former Chief of NS and Former CEO of SMRT
• 28/5 Networking Night • November: Schuman Lecture
Secretary Dr Unger closed the AGM and invited all participants to stay and continue to network. Dr Uger thanked all present. President Federico Donato
