2021-05-06T12:20:10-05:00 2018-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2018-01-01 521289843 INSTITUTE OF INTERNATIONAL FINANCE INC INST 2028573600 1333 H STREET NW NO 800E WASHINGTON DC 20005 TIMOTHY D ADAMS PRESIDENT/CEO 2028573600 2019-06-04 1 FRANK H SMITH P00639053 2022274000 2021-05-05 2018 2022-09-23 18:48:47Z X TIMOTHY D ADAMS 1333 H STREET NW NO 800E WASHINGTON DC 20005 35858979 0 X WWW.IIF.COM X 1983 DC TO SUPPORT FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS AND TO FOSTER GLOBAL FINANCIAL STABILITY. 36 35 106 41 0 0 0 0 34705623 34266956 1204456 497598 22777 72797 35932856 34837351 0 0 0 0 23391316 22726458 0 0 0 10795115 11512564 34186431 34239022 1746425 598329 42182741 41775458 17296081 17603212 24886660 24172246 X SEE SCHEDULE O. 0 0 ECONOMIC AND FINANCIAL RESEARCH: THE INSTITUTE OF INTERNATIONAL FINANCE (IIF) PROVIDES ITS MEMBERS WITH HIGH-QUALITY, TIMELY, AND IMPARTIAL ANALYSIS AND RESEARCH ON GLOBAL FINANCIAL AND ECONOMIC DEVELOPMENTS AND OTHER CENTRAL ISSUES IN GLOBAL FINANCE. IN 2018, WE PUBLISHED OVER 200 RESEARCH REPORTS INCLUDING GLOBAL MACRO VIEWS, ECONOMIC VIEWS, COUNTRY REPORTS, WEEKLY INSIGHTS, CAPITAL FLOWS REPORTS, CAPITAL FLOWS TRACKERS, FLOWS ALERTS, GLOBAL ECONOMIC MONITORS, GLOBAL DEBT MONITORS, EMERGING MARKET LENDING SURVEYS, PORTFOLIO ALLOCATION TRENDS, AND EMERGING MARKET GROWTH TRACKER REPORTS. IIF'S TOPICAL EMERGING MARKET MACRO RESEARCH IS PUBLISHED UNDER THE GLOBAL MACRO VIEWS (GMV) AND ECONOMIC VIEWS (EV) SERIES. GMVS AND EVS ARE PUBLISHED ON A WEEKLY BASIS AND FOCUS ON CROSS-COUNTRY EM ANALYSIS, AS WELL AS INDIVIDUAL COVERAGE OF SYSTEMIC EMERGING MARKETS. IN 2018, IIF'S MACRO RESEARCH ZEROED IN ON HIGH EXTERNAL VULNERABILITY IN TURKEY AND ARGENTINA EARLY IN THE YEAR, BASED ON AN EM EXCHANGE RATE VALUATION FRAMEWORK. GMVS/EVS ANALYZED BOTH EPISODES IN THE CONTEXT OF PAST EM EXPERIENCE WITH OVERVALUED EXCHANGE RATES AND IMF PROGRAMS. CHINA WAS ALSO IN FOCUS AS TRADE TENSIONS WITH THE US ESCALATED AND POLICYMAKERS STEPPED UP DELEVERAGING EFFORTS. BUILDING ON THE IIF'S CHINA ACTIVITY TRACKER AND BALANCE OF PAYMENTS NOWCAST, TOPICAL EM RESEARCH FOLLOWED CHINA DEVELOPMENTS CLOSELY. IN ADDITION TO WRITTEN RESEARCH, MEMBERS WERE ABLE TO DISCUSS EM ISSUES WITH IIF EXPERTS IN THE MONTHLY GLOBAL MACRO CALL, ECONOMIC FORA IN ISTANBUL AND MEXICO CITY, AND INVESTOR TRIPS TO SYSTEMIC EMERGING MARKET COUNTRIES. IN 2018, WE ALSO CONTINUED OUR MONITORING AND ANALYSIS OF EM CAPITAL FLOWS, OUR FLAGSHIP PRODUCT, INCLUDING INVESTIGATING TOPICS SUCH AS AN INCREASE IN CAPITAL FLOWS TO FRONTIER MARKETS, CROSS-BORDER ACTIVITY OF CHINESE BANKS, THE IMPACT OF A STRONGER DOLLAR AND RISING U.S. INTEREST RATES, THE IMPACT OF U.S. TAX REFORM. AND FINALLY, AS A COMPLEMENT TO IIF'S EXPANSIVE ECONOMIC AND FINANCIAL MARKETS RESEARCH, IIF ALSO OFFERED ANALYTICAL PRODUCTS FOCUSED ON UNDERSTANDING AND ANTICIPATING POLITICAL AND POLICY DEVELOPMENTS WITH ECONOMIC IMPACTS. IN 2018, THIS ANALYSIS FOCUSED ON TRADE DEVELOPMENTS, CHANGES IN U.S. SANCTIONS POLICY, FOREIGN POLICY, AND ELECTION OUTCOMES, AMONG OTHER THINGS. GLOBAL FINANCE SERVICES REGULATION: THE IIF REGULATORY AFFAIRS DEPARTMENT HELPS SHAPE THE INTERNATIONAL POLICY AND REGULATORY AGENDA FOR THE FINANCIAL SERVICES INDUSTRY BY ENGAGING WITH GLOBAL STANDARD SETTERS AND POLICYMAKERS, PROVIDING INDUSTRY INPUT AND FEEDBACK THROUGH FORMAL SUBMISSIONS AND REPORTS, AND CONVENING REGULAR HIGH-LEVEL MEETINGS BETWEEN INDUSTRY AND KEY STAKEHOLDERS. IN 2018, KEY PRIORITIES INCLUDED A CUMULATIVE IMPACT ASSESSMENT OF THE FINAL BASEL III REFORMS, ADVOCACY AROUND THE FINALIZATION OF THE FUNDAMENTAL REVIEW OF THE TRADING BOOK (FRTB), AND A FOCUS ON THE NEED FOR COMPREHENSIVE IMPACT ASSESSMENTS BY THE FSB AND OTHER STANDARD SETTERS. ON THE INSURANCE SIDE, THE FOCUS HAS BEEN ON THE INTERNATIONAL CAPITAL STANDARD, COMFRAME AND THE IDENTIFICATION AND MITIGATION OF SYSTEMIC RISK IN INSURANCE. SUBSTANTIAL WORK WAS ALSO CONDUCTED AROUND FINANCIAL CRIME (IDENTIFYING OBSTACLES TO INFORMATION SHARING), CYBER SECURITY (ADDRESSING INCREASING REGULATORY FRAGMENTATION), RESOLUTION, DISCLOSURE AND ACCOUNTING ISSUES. GLOBAL EVENTS: THE INSTITUTE PROVIDED A WIDE RANGE OF OPPORTUNITIES, IN PERSON AND VIA CONFERENCE CALLS, FOR MEMBERS AND POLICYMAKERS TO GATHER AND DISCUSS ISSUES OF COMMON INTEREST AND CONCERN ON GLOBAL AND REGIONAL FINANCIAL AND ECONOMIC ISSUES. OUR THREE LARGE SIGNATURE EVENTS IN 2018 - THE G20 MEETING IN BUENOS AIRES, THE SPRING MEMBERSHIP MEETING (SMM) IN BRUSSELS, AND THE ANNUAL MEMBERSHIP MEETING (AMM) IN BALI PROVIDED IIF MEMBERS WITH EXPANDED PROGRAM CONTENT, FIRST CLASS SPEAKERS, AND A WIDE RANGE OF NETWORKING AND BUSINESS DEVELOPMENT OPPORTUNITIES. AT BOTH OUR SMM AND AMM, TRACKS FOCUSED ON THE GLOBAL ECONOMY, EM ECONOMIES, AND SUSTAINABLE FINANCE AND GROWTH. WE ALSO CONTINUED TO OFFER MEMBERS A WIDE RANGE OF REGIONAL EVENTS, SUCH AS THE WASHINGTON POLICY SUMMIT WHICH FEATURED SENIOR POLICYMAKERS, FINANCIAL INDUSTRY LEADERS, AND POLICY EXPERTS TAKING AN IN-DEPTH LOOK AT THE CRITICAL ISSUES FACING THE TRUMP ADMINISTRATION; OUR EUROPEAN BANKING UNION CONFERENCE, WHICH ATTRACTED KEY POLICYMAKERS FROM THE REGION AND IS NOW CONSIDERED A KEY VENUE FOR THE DIALOGUE WITH THE INDUSTRY ON THE DEVELOPMENT OF THE EBU AND THE ESTABLISHMENT OF AN EFFECTIVE EU RESOLUTION FRAMEWORK; AND OUR MENA SUMMIT, WHICH FOCUSED ON THE KEY ECONOMIC, TRADE, AND OTHER ISSUES FACING COUNTRIES IN THE MIDDLE EAST AND NORTH AFRICA. OTHER REGIONAL EVENTS INCLUDE OUR REGIONAL CRO MEETINGS AND REGIONAL ECONOMIC FORA AND A WIDE VARIETY OF SMALLER BUT EQUALLY CRITICAL MEETINGS, SEMINARS, AND COLLOQUIA. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 37 0 1 106 1 0 1 CH SN 0 0 0 0 0 0 X 36 35 0 0 1 0 1 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 X BARRIE ORELLANA 2028573316 1333 H STREET NW NO 800E WASHINGTON DC 20005 AXEL WEBER CHAIRMAN 2.00 X X 0 0 0 WALTER KIELHOLZ VICE CHAIRMAN 2.00 X X 0 0 0 BRIAN PORTER VICE CHAIRMAN AND TREASURER 2.00 X X 0 0 0 SAEED AL-GHAMDI BOARD DIRECTOR 2.00 X 0 0 0 ALI AHMED AL-KUWARI BOARD DIRECTOR 2.00 X 0 0 0 OLIVER BATE BOARD DIRECTOR 2.00 X 0 0 0 WALTER BAYLY BOARD DIRECTOR 2.00 X 0 0 0 ANA BOTIN BOARD DIRECTOR 2.00 X 0 0 0 CANDIDO BRACHER BOARD DIRECTOR 2.00 X 0 0 0 SIQING CHEN BOARD DIRECTOR 2.00 X 0 0 0 MICHAEL CORBAT BOARD DIRECTOR 2.00 X 0 0 0 JOHN CRYAN BOARD DIRECTOR- UNTIL 04/2018 2.00 X 0 0 0 TOM DE SWAAN BOARD DIRECTOR- UNTIL 04/2018 2.00 X 0 0 0 SUZAN SABANCI DINCER BOARD DIRECTOR 2.00 X 0 0 0 MARTIN GILBERT BOARD DIRECTOR 2.00 X 0 0 0 FRANCISCO GONZALEZ BOARD DIRECTOR- UNTIL 09/2018 2.00 X 0 0 0 JAMES GORMAN BOARD DIRECTOR 2.00 X 0 0 0 PIYUSH GUPTA BOARD DIRECTOR 2.00 X 0 0 0 RALPH HAMERS BOARD DIRECTOR 2.00 X 0 0 0 BRIAN HARTZER BOARD DIRECTOR 2.00 X 0 0 0 NOBUHIDE HAYASHI BOARD DIRECTOR 2.00 X 0 0 0 NOBUYUKI HIRANO BOARD DIRECTOR 2.00 X 0 0 0 STEVEN KANDARIAN BOARD DIRECTOR- UNTIL 06/2018 2.00 X 0 0 0 CHANADA KOCHHAR BOARD DIRECTOR- UNTIL 10/2018 2.00 X 0 0 0 JEAN LEMIERRE BOARD DIRECTOR 2.00 X 0 0 0 MICHEL M LIES BOARD DIRECTOR 2.00 X 0 0 0 FREDERIC OUDEA BOARD DIRECTOR 2.00 X 0 0 0 DANIEL PINTO BOARD DIRECTOR 2.00 X 0 0 0 URS ROHNER BOARD DIRECTOR 2.00 X 0 0 0 FABRIZIO SACCOMANNI BOARD DIRECTOR 2.00 X 0 0 0 CHARLES SCHARF BOARD DIRECTOR 2.00 X 0 0 0 HARVERY SCHWARTZ BOARD DIRECTOR- UNTIL 04/2018 2.00 X 0 0 0 JES STALEY BOARD DIRECTOR 2.00 X 0 0 0 MAKOTO TAKASHIMA BOARD DIRECTOR 2.00 X 0 0 0 JOHAN TORGEBY BOARD DIRECTOR 2.00 X 0 0 0 ANDREAS TREICHL BOARD DIRECTOR 2.00 X 0 0 0 SIM TSHABALALA BOARD DIRECTOR 2.00 X 0 0 0 MARK TUCKER BOARD DIRECTOR 2.00 X 0 0 0 JOSE VINALS BOARD DIRECTOR 2.00 X 0 0 0 HUIMAN YI BOARD DIRECTOR 2.00 X 0 0 0 MARTIN ZIELKE BOARD DIRECTOR 2.00 X 0 0 0 TIMOTHY D ADAMS PRESIDENT/CEO 40.00 X X 2720981 0 46013 BARRIE ORELLANA SENIOR DIRECTOR OF FINANCE 35.00 X 466400 0 46013 ANDRES PORTILLA MANAGING DIRECTOR 40.00 X 837627 0 45919 HUNG TRAN EXECUTIVE MANAGING DIRECTOR 35.00 X 796873 0 28402 KRISTEN SILVERBERG MANAGING DIRECTOR/GENERAL COUNSEL 35.00 X 693743 0 45860 ROBIN BROOKS MNG DIR/CHIEF ECON. 40.00 X 581163 0 34513 LOREN BUSHKAR MANAGING DIRECTOR 40.00 X 479080 0 34415 SONJA GIBBS SENIOR DIRECTOR 40.00 X 526430 0 27751 BRAD CARR SENIOR DIRECTOR 40.00 X 510763 0 46013 MATTHEW EKBERG SENIOR POLICY ADVISOR 40.00 X 469611 0 28511 MARTIN BOER DIRECTOR 40.00 X 448167 0 40346 CHRIS FULGHUM SENIOR DIRECTOR 40.00 X 431899 0 46013 8962737 0 469769 40 0 1 0 GL EVENTS BRUSSELS RUE RAVENSTEINSTRAAT 2 BRUSSELS BE CONFERENCE & EVENT SERVICES 508167 GREYSTOKE RUE FRANCOIS STROOBANT 36 B-1050 I BRUSSELS BE PROGRAM SERVICES CONSULTANT 364999 PROTECH 5457 TWIN KNOLLS ROAD COLUMBIA MD 21045 SOFTWARE PROGRAMMING 247590 PT WYNNCOR BALI PO BOX 53 NUSA DUA BALI ID CONFERENCE & EVENT SERVICES 240265 INTERNATIONAL BUENOS AIRES MORENO 809 PISO 2 BUENOS AIRES AR CONFERENCE & EVENT SERVICES 121895 6 MEMBERSHIP DUES 900099 30977042 30977042 SPONSORSHIP INCOME 900099 2852741 2852741 REGISTRATION FEES 900099 437173 437173 34266956 518888 518888 1000338 1021628 -21290 -21290 -21290 SUBLEASE INCOME 900099 54296 54296 CREDITS & REBATES 900099 11603 11603 HONORARIUM 900099 5000 5000 1898 1898 72797 34837351 31414215 0 3423136 6857002 12878517 948370 1013317 1029252 115970 102123 55126 814185 526016 318419 2606614 2176824 2510993 738808 93476 UBI TAXES 25005 SUBSCRIPTIONS/BOOKS 592418 EXCISE TAXES 356261 RECRUITMENT 227193 253133 34239022 24042 122793 25700867 23535320 523506 353785 1313930 957719 7295386 4564614 3260691 2730772 1060314 1615116 9940561 12241432 358830 218521 42182741 41775458 2353484 2254608 10390637 11320207 4551960 4028397 17296081 17603212 X 24886660 24172246 24886660 24172246 42182741 41775458 598329 -1312743 0 X 0 1 X 1 0 0 0 0 30977042 580 580 0 580 4643248 2623195 2020053 2420561 1934986 485575 231577 6433 225144 2730772 FIXED-INCOME 6456450 F EQUITIES 5784982 F 12241432 DEFERRED RENT AND LEASE INCENTIVE 4028397 4028397 X PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2018, IIF GENERATED UNRELATED BUSINESS INCOME FROM QUALIFIED TRANSPORTATION BENEFITS OFFERED TO ITS EMPLOYEES, AND IS SUBJECT TO FEDERAL EXCISE TAX ON A PORTION OF ITS EXECUTIVE COMPENSATION. IIF HAS ACCRUED UNRELATED BUSINESS INCOME AND EXCISE TAX EXPENSE TOTALING $381,809 FOR THE YEAR ENDED DECEMBER 31, 2018, WHICH IS INCLUDED IN ACCOUNTS PAYABLE AND ACCRUED EXPENSES IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 2018. FOR THE YEAR ENDED DECEMBER 31, 2017, NO PROVISION FOR INCOME TAXES WAS MADE, AS IIF HAD NO SIGNIFICANT NET UNRELATED BUSINESS INCOME EAST ASIA AND THE PACIFIC 2 4 PROGRAM SERVICES ECONOMIC ANALYSIS AND MEMBERSHIP DEVELOPMENT 1308178 EUROPE (INCLUDING ICELAND & GREENLAND) 2 1 PROGRAM SERVICES ADVOCACY ON REGULATORY ISSUES AND MEMBERSHIP DEVELOPMENT 1250948 MIDDLE EAST AND NORTH AFRICA 1 2 PROGRAM SERVICES ECONOMIC ANALYSIS AND MEMBERSHIP DEVELOPMENT 833978 5 7 0 0 5 7 3393104 0 3393104 0 0 0 0 0 1 PART I, LINE 3: IIF REPORTED THE EXPENDITURES BASED ON THE ACCOUNTING METHOD USED IN ITS AUDITED FINANCIAL STATEMENTS WHICH IS AN ACCRUAL BASIS. X X X X 0 0 0 TIMOTHY D ADAMS PRESIDENT/CEO 1350000 0 1350000 0 20981 0 27500 0 18513 0 2766994 0 0 0 BARRIE ORELLANA SENIOR DIRECTOR OF FINANCE 253451 0 215433 0 -2484 0 27500 0 18513 0 512413 0 0 0 ANDRES PORTILLA MANAGING DIRECTOR 419000 0 419000 0 -373 0 27500 0 18419 0 883546 0 0 0 HUNG TRAN EXECUTIVE MANAGING DIRECTOR 405171 0 384912 0 6790 0 27500 0 902 0 825275 0 0 0 KRISTEN SILVERBERG MANAGING DIRECTOR/GENERAL COUNSEL 354000 0 354000 0 -14257 0 27500 0 18360 0 739603 0 0 0 ROBIN BROOKS MNG DIR/CHIEF ECON. 353500 0 229775 0 -2112 0 27500 0 7013 0 615676 0 0 0 LOREN BUSHKAR MANAGING DIRECTOR 275000 0 206250 0 -2170 0 27500 0 6915 0 513495 0 0 0 SONJA GIBBS SENIOR DIRECTOR 297229 0 222922 0 6279 0 27500 0 251 0 554181 0 0 0 BRAD CARR SENIOR DIRECTOR 280333 0 238283 0 -7853 0 27500 0 18513 0 556776 0 0 0 MATTHEW EKBERG SENIOR POLICY ADVISOR 211495 0 84598 0 173518 0 16500 0 12011 0 498122 0 0 0 MARTIN BOER DIRECTOR 278280 0 174104 0 -4217 0 27500 0 12846 0 488513 0 0 0 CHRIS FULGHUM SENIOR DIRECTOR 267852 0 174104 0 -10057 0 27500 0 18513 0 477912 0 0 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION OF MISSION THE MISSION OF THE INSTITUTE IS TO SUPPORT THE FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS, INCLUDING SOVEREIGN RISK; IN DEVELOPING BEST PRACTICES AND STANDARDS; AND IN ADVOCATING REGULATORY, FINANCIAL, AND ECONOMIC POLICIES THAT ARE IN THE BROAD INTEREST OF ITS MEMBERS AND FOSTER GLOBAL FINANCIAL STABILITY. IN FULFILLING THIS MISSION, THE INSTITUTE'S MAIN ACTIVITIES ARE TO: PROVIDE HIGH-QUALITY, TIMELY, AND IMPARTIAL ANALYSIS AND RESEARCH TO ITS MEMBERS ON EMERGING MARKETS AND OTHER CENTRAL ISSUES IN GLOBAL FINANCE; SYSTEMATICALLY IDENTIFY, ANALYZE, AND SHAPE REGULATORY, FINANCIAL, AND ECONOMIC POLICY ISSUES OF RELEVANCE TO ITS MEMBERS GLOBALLY OR REGIONALLY; DEVELOP AND ADVANCE REPRESENTATIVE VIEWS AND CONSTRUCTIVE PROPOSALS THAT INFLUENCE THE PUBLIC DEBATE ON PARTICULAR POLICY PROPOSALS, INCLUDING THOSE OF MULTILATERAL AGENCIES, AND BROAD THEMES OF COMMON INTEREST TO PARTICIPANTS IN GLOBAL FINANCIAL MARKETS; WORK WITH POLICYMAKERS, REGULATORS, AND MULTILATERAL ORGANIZATIONS TO STRENGTHEN THE EFFICIENCY, TRANSPARENCY, STABILITY AND COMPETITIVENESS OF THE GLOBAL FINANCIAL SYSTEM, WITH AN EMPHASIS ON VOLUNTARY MARKET-BASED APPROACHES TO CRISIS PREVENTION AND MANAGEMENT; PROMOTE THE DEVELOPMENT OF SOUND FINANCIAL SYSTEMS, WITH AN EMPHASIS ON EMERGING MARKETS; PROVIDE A NETWORK FOR MEMBERS TO EXCHANGE VIEWS AND OFFER OPPORTUNITIES FOR EFFECTIVE DIALOGUE AMONG POLICYMAKERS, REGULATORS, AND PRIVATE SECTOR FINANCIAL INSTITUTIONS; DEFINE, ARTICULATE, AND DISSEMINATE BEST PRACTICES AND INDUSTRY STANDARDS IN SUCH AREAS AS RISK MANAGEMENT AND ANALYSIS, DISCLOSURE, CORPORATE GOVERNANCE AND REGULATORY COMPLIANCE. FORM 990, PART VI, SECTION A, LINE 4 IIF AMENDED ITS BYLAWS DURING 2018 DUE TO THE FACT THAT THE NUMBER OF BOARD MEMBER SEATS INCREASED TO 45. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN IIF SHALL BE OPEN TO ANY LENDING INSTITUTION, INVESTMENT BANK, MERCHANT BANK, INVESTMENT FUND ENGAGED IN INTERNATIONAL FINANCIAL TRANSACTIONS, OR INSURANCE COMPANY. FORM 990, PART VI, SECTION A, LINE 7A IIF'S FULL MEMBERS CAN ELECT 30 AUTHORIZED INDIVIDUALS OF THE BOARD OF DIRECTORS WHILE THE REMAINING BOARD OF DIRECTORS ELECT AN ADDITIONAL 10. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. UPON ISSUANCE OF THE DRAFT, THE FORM 990 IS REVIEWED BY THE SENIOR ACCOUNTING MANAGER, SENIOR DIRECTOR OF FINANCE, AND THEN REVIEWED AND SIGNED BY THE PRESIDENT AND CEO BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 IIF DOES NOT REGULARLY OR CONSISTENTLY MONITOR FOR ANY NON-COMPLIANCE WITH CONFLICT OF INTEREST POLICY. HOWEVER, IF NON-COMPLIANCE WAS IDENTIFIED, IIF WOULD CERTAINLY ENFORCE THE POLICY AND REQUIRE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS ESTABLISHED A SEPARATE COMPENSATION COMMITTEE WHICH REVIEWS THE COMPENSATION (BOTH BASE SALARY AND YEAR-END BONUS RANGE) OF IIF'S PRESIDENT/CHIEF EXECUTIVE OFFICER (CEO) PRIOR TO THE ESTABLISHMENT AND/OR RENEWAL/EXTENSION OF AN EMPLOYMENT CONTRACT. THIS INCLUDES A REVIEW OF COMPARABILITY DATA. IN ADDITION, AT THE END OF EACH YEAR, THE COMMITTEE REVIEWS THE ACCOMPLISHMENTS OF THE PRESIDENT/CEO TO DETERMINE THE ACTUAL YEAR-END BONUS WITHIN THE RANGE ESTABLISHED BY THE CONTRACT. THE PRESIDENT/CEO'S EMPLOYMENT CONTRACT BECAME EFFECTIVE JANUARY 2013, WAS RENEWED AND EXTENDED IN JUNE, 2015 WITH A NEW TERMINATION DATE OF DECEMBER 31, 2017, AND THEN WAS RENEWED AND EXTENDED IN DECEMBER 2017 WITH A NEW TERMINATION DATE OF DECEMBER 31, 2020. THE COMPENSATION COMMITTEE LAST MET VIA CONFERENCE CALL IN DECEMBER 2018 TO REVIEW AND TO DETERMINE THE ACTUAL YEAR-END BONUS WITHIN THE RANGE ESTABLISHED BY THE CONTRACT. THE PRESIDENT/CEO REVIEWS MARKET COMPENSATION DATA FOR KEY EMPLOYEES AS PROVIDED BY THE SENIOR DIRECTOR OF FINANCE AND ADMINISTRATION. THIS PROCESS LAST TOOK PLACE IN 2018. THE PRESIDENT/CEO REVIEWS MARKET COMPENSATION DATA FOR KEY EMPLOYEES AS PROVIDED BY THE SENIOR DIRECTOR OF FINANCE AND ADMINISTRATION. THIS PROCESS LAST TOOK PLACE IN 2017. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PAGE 1, BOX B - AMENDED RETURN IIF AMENDED THEIR 2018 FEDERAL FORM 990 IN ORDER TO ACCURATELY COMPLETE SCHEDULE C AND REPORT LOBBYING EXPENDITURES. IIF ASIA PACIFIC LTD 50 RAFFLES PLACE SUITE 22-06 SINGA SN 048623 A CENTRALIZED HUB FOR REGIONAL ACTIVITIES IN THE ASIA PACIFIC REGION SN 1758 374942 INSTITUTE OF INTERNATIONAL FINANCE INC SCHEDULE R, PART I: IIF CONDUCTS SOME OF ITS PROGRAMS THROUGH FIELD OFFICES AND AFFILIATES IN FOREIGN COUNTRIES. IN ORDER TO ADHERE WITH THE LAWS OF SINGAPORE, IIF ASIA PACIFIC, LTD. WAS ESTABLISHED IN MAY 2014 TO ACT AS A CENTRALIZED HUB FOR REGIONAL ACTIVITIES IN THE ASIA PACIFIC REGION. IIF IS THE SOLE MEMBER OF IIF ASIA PACIFIC, LTD. FOR PURPOSES OF THE 990, IIF ASIA PACIFIC, LTD IS LISTED AS A DISREGARDED ENTITY AND ITS ACTIVITIES REFLECTED THROUGHOUT THE TAX RETURN.