AmCham Singapore Annual Report 2010 2011
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ANNUAL REPORT 2010/2011
THE AMERICAN CHAMBER OF COMMERCE IN SINGAPORE
Our Mission is to promote the interests of AmCham members in Singapore and the region by providing advocacy, business information and networking opportunities.
CONTENTS02 04 06 10 15 23 24 Chairmans Message Board of Governors Membership Events Committees AmCham Executive Ofce The Year in Pictures
Steven R. OkunChairman The American Chamber of Commence in Singapore
Dear Members:AmCham Singapore recorded numerous achievements over the past 12 months. We have done so by being focused on our key mission: providing insights to our members, creating more opportunities to network, and advocating to the governments in the region and in the U.S. on their behalf. These results occurred because of the work and leadership of the entire Board of Governors, the Committee Chairs, the Executive Ofce staff, and all our dedicated members for their contributions to the Chamber. Working together, we strengthened our position as the leading foreign business chamber in Singapore and the largest AmCham in Southeast Asia in terms of membership and activities. By the start of 2011, our overall membership increased from 3,700 to 4,400 members and our corporate membership surpassed 700 members both all-time highs. We organized 280 events and committee meetings to match the growth of our membership, providing more networking opportunities and platforms for exchanging business insights. To engage new industries, we created two new committees the Legal Committee and the Property Committee. A total of 3,326 people attended our events last year. Key events include the Welcome Reception for the U.S. Ambassador to Singapore, the East Plays West fundraising concert, the Charity Gala for the Special Olympics, and our annual Corporate Community Day. With increased membership and activities, we increased our team and sought to reach and engage members and the public in new ways. Last year marked an aggressive foray into social media. We created an AmCham YouTube channel, and increased our presence on Facebook, LinkedIn and Twitter. This increased AmChams ability to reach its members, increased the amount of trafc on our website, and garnered more and better brand exposure. Last year was also a strong year for advocacy. AmCham hosted events for top U.S. government ofcials such as Timothy Geithner, U.S. Secretary of the Treasury, and Kurt Tong, U.S. Senior Ofcial for APEC. At the end of 2010, we organized a business mission to Vietnam, led by the U.S. Ambassador to Singapore David Adelman. Corporate Community Day, our annual community initiative, was stronger than in previous years. Over 950 volunteers from 34 organizations worked with 5,400 local beneciaries in 31 separate volunteer events. The Young Professionals series of events raised $5,000 for Spastic Childrens Association of Singapore and the Golf Committee raised $11,000 for Club Rainbow. To top it off, the Charity Gala Dinner raised $53,153 for the Special Olympics, and AmCham itself donated an additional $20,000. And the rst quarter of 2011 was possibly the most active and engaged in AmChams history. We began the year with the U.S.-India Business Forum in February, attended by more than 150 people. This led the way for our mid-March trade mission to India led by U.S. Ambassador to Singapore, David Adelman. The mission included high-prole meetings with government ofcials, briengs on doing business in India, and networking opportunities.
As a regional chamber, AmCham served a strategic role in facilitating dialogue on how the U.S. can leverage key markets by hosting the U.S.-Asia Pacic Regional Business Summit - this years annual meeting of The Asia-Pacic Council of American Chambers of Commerce (APCAC). The Summit attracted over 250 delegates and created a platform for U.S. companies to tackle business and policy issues in Asia. The stellar line-up of speakers included Minister for Trade and Industry Lim Hng Kiang, the U.S. Ambassador to Indonesia, Scot Marciel, the U.S. Ambassador to Thailand, Kristie Kenney and along with senior U.S. business ofcials from across the region. AmCham Singapores hosting of APCAC is a part of the advocacy it conducts for its members. This year marks the convergence of the U.S. Chairmanship of APEC, the focused implementation of the National Export Initiative to increase U.S. exports to Asia, and the negotiations of the Trans Pacic Partnership, a trade agreement which one day could serve as the basis for a free trade area of the Asia Pacic. AmChams plans for the rest of the year include making our hit networking event Young Professionals a monthly event. We aim to strengthen our Corporate Citizenship efforts further by raising even more money for the Spastic Childrens Association. Other events in the pipeline include a cultural event and a charity gala dinner. In May, as part of the Womens Network Series, we will organize a lunch with CNN Hero of 2010, social activist Anuradha Koirala. Part of the proceeds will go to Maili Nepal, which protects Nepali women from abuse. To continue providing great value for our members, we increased membership rates this year. This increase will provide for additional staff to better serve our members, and to prepare
for further expansion and investment in AmCham facilities and equipment. Following this years Annual General Meeting, a new leadership team will be taking over AmCham Singapore. After three terms, AmCham Singapore will be electing a new Chairman next week as I will not seek a fourth term. After more than two years of Laura Deals transformative leadership, AmCham will have a new Executive Director this year as well. I have so many people to thank for making the past three years some of the most enjoyable and rewarding of my professional career. Most importantly, I thank Laura for her passion for AmCham, and for the entire Executive Ofce to always working to enable the members to get as much out of the Chamber as they put into it and that is a lot. With the commitment of the Board, the hard work and expertise of the Committee Chairs, and the dedicated and talented staff of the Executive Ofce, AmCham Singapore will continue to grow and lead the U.S. business community in Singapore and the region in the coming years.
Steven R. OkunChairman The American Chamber of Commence in Singapore
2010/2011 BOARD OF GOVERNORS
11 2 3
13 5 4
THE BOARD OF GOVERNORS WORKS AS: STRATEGISTS, seeking out opportunities to develop AmCham to its fullest potential POLICY MAKERS, formulating strategies for AmCham4 1 2 3
IMPLEMENTER OF STRATEGIES, deciding priorities and getting things done through committees VISIONARIES, sensing new opportunities for AmCham and developing action plans, and AMBASSADORS, presenting the public voice of AmChams leadership to members, external organizations and potential members
5 6 7 8 9
Front Row from Left: Simon Kahn Cynthia Owens Laura Deal Former Executive Director Janice Armstrong Steven R. Okun Laurence W. Chin Janet Young Sam Kim Andrea K. Muller
10 11 12 13 14 15
Back Row from Left: David M. Boden Kevin Thieneman Christopher A. Muessel Noel Williams Craig J. Gledhill Scott Douglas Former Board Member Dan Thompson David (Dave) Peck
Not present: Colin Low, Kristin E. Paulson & Robert D. Whitehead
BOARD OF GOVERNORSEXECUTIVE COMMITTEE
CHAIRMAN STEVEN R. OKUN Director of Public Affairs Asia Pacic, KKR Asia Ltd.
VICE CHAIRMAN COLIN LOW President & CEO, Singapore Investment Development Corporation
VICE CHAIRMAN CYNTHIA OWENS Senior Vice President, Organisation Solutions
HONORARY SECRETARY ANDREA K. MULLER Chief Executive, Asia Principal Global Investors
HONORARY TREASURER NOEL WILLIAMS Vice President for Business Development, Pacic Region The Dow Chemical Company
EXECUTIVE COMMITTEE MEMBER AT-LARGE SIMON KAHN Country Manager, American Express International Inc
JANICE ARMSTRONG Regional Director for Government Affairs Asia-Pacic Glaxo Smith Kline
DAVID M. BODEN Director - CPG and Retail, Asia Pacic-Japan Hewlett-Packard Asia Pacic Pte Ltd
LAURENCE W. CHIN GM, Singapore & Pacic Ofine Sales United Airlines Inc.
DAVID FERNANDEZ MD and Head, Emerging Asia Research, JP Morgan Chase Bank, NA.
CRAIG J. GLEDHILL Vice President, AP J Cisco Consumer Products Pte Ltd
SAMUEL KIM Vice President ASEAN and Asia Development Markets, Procter & Gamble Asia Pte Ltd
CHRISTOPHER MUESSEL Partner Rajah & Tann LLP
KRISTIN E. PAULSON Director, Energy Policy for ASEAN GE Energy
DAVID (DAVE) PECK President/CEO and Founder Arrow Technologies (S) Pte Ltd
KEVIN THIENEMAN President Caterpillar Asia Pte Ltd
ROBERT D. WHITEHEAD Managing Director, Accounts & Business Development Ernst & Young
JANET YOUNG Managing Director and Regional Head MNCs Asia Bank of America Merrill Lynch
U.S. EMBASSY LIAISON
DAN THOMPSON Senior Commercial Ofcer U.S. Commercial Service, Singapore
MEMBERSHIPMEMBERSHIPMembership increased from 3,781 executives from 670 companies in December 2009 to 4,400 executives from 700 companies in February 2011. In 2010, a record 15 companies joined in August, September and October.
Figure 1 Total Member Companies (2008-2011)720 700 680 660 640 620 600 580 560 540 520JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Figure 2 Total Employee Members (2008-2011)5000 4000 20