CanCham is a member of the JFC: What is the JFC?

  • The JFC is an informal group of foreign business associations in the Philippines
  • The group has no legal status as a corporate entity
  • The JFC members are foreign business associations registered with the Securities and Exchange Commission (SEC) of the Philippines

Who are current members of the JFC?

  • American Chamber of Commerce of the Philippines, Inc. (AmCham)
  • Australia-New Zealand Chamber of Commerce of the Philippines, Inc. (ANZCham)
  • Canadian Chamber of Commerce of the Philippines, Inc (CanCham)
  • European Chamber of Commerce of the Philippines, Inc. (ECCP)
  • Japan Chamber of Commerce and Industry of the Philippines, Inc. (JCCPI)
  • Korean Chamber of Commerce and Industry of the Philippines, Inc. (KCCP)
  • Philippine Association of Multinational Companies Regional Headquarters, Inc. (PAMURI) 

What are the criteria to be JFC member?

  • There are no formal criteria for membership
  • In practice JFC members are foreign chambers of commerce associated with advanced industrialized countries that are also members of the OECD
  • European national chambers of commerce are represented by the ECCP and not members of JFC in their own right
  • New memberships are by invitation and agreement of all JFC current members

What are the main activities of JFC?

  • Sharing information about business activities, conditions, and concerns
  • Advocating shared positions with relevant government and other agencies
  • Arranging joint business networking events
  • Planning and implementing joint business-related projects

How are JFC business meetings conducted?

  • The Presidents and Executive Directors of JFC members meet monthly
  • There is no elected chair or continuing secretary for the monthly meetings
  • The responsibility to Chair a monthly meeting, to prepare the agenda, and to record minutes is rotated amongst all members in alphabetic order

Do JFC members all have the same business interests and priorities?

  • The interests, concerns and priorities of JFC members differ
  • In some cases interests, concerns and priorities may overlap and be shared by all
  • In other cases these may be concerned by some members but not by others
  • There are very few instances when JFC members have had opposing positions
  • Usually the JFC member with a specific interest will lead the JFC on that issue with other members supporting

Are advocacy positions supported unanimously by all JFC members?

  • Advocacy positions may be proposed by any JFC member to the group
  • One member prepares the proposed position, consults with all other members, and presents as a proposed JFC position to be signed by all the JFC Presidents
  • To be considered a JFC position, it has to be supported by at least five of the seven JFC members
  • If one or two members do not support the position supported by at least five members, this dissent is referred to the JFC position
  • JFC members can … and do … also present their advocacy positions unilaterally

Who is the spokesperson for JFC positions and for questions by the media?

  • There is no officially designated spokesperson for the JFC
  • If a spokesperson is deemed necessary for a specific issue or position, one of the Presidents of a JFC member is asked to be spokesperson for that question or issue

Who represents the JFC at official government hearings and consultations?

  • JFC is usually represented by a small group from two or three of the JFC members including at least one President who will be the lead speaker with others supporting
  • Formal JFC written positions are also submitted with these signed by all JFC Presidents

Does JFC cooperate with Philippine national business groups?

  • JFC cooperates in advocacy work of Philippine groups with common interests
  • Where there is a common interest, JFC usually prefers the Philippine business group to lead

Does JFC endorse political parties and/or candidates that are pro-business?

  • JFC does not endorse political parties and/or candidates
  • JFC may support pro-business policies propose by a political party or candidate
  • The JFC does not take positions on policies that are unrelated to business

Who pays for JFC activities?

  • JFC receives no direct financial support from any government
  • Salary and expense costs of officers and professional staff of JFC members engaged in JFC activities are paid by the applicable individual JFC members
  • JFC raises the revenue it needs during a year to support its activities by charging a fee for attendance of its major business networking events
  • The cost of non-project activities are paid using revenue raised with the networking events with no additional cost to JFC members
  • The cost of most major projects is shared amongst members with each member paying a fixed minimum plus an added contribution proportionate to membership revenue of the member

Who manages and controls JFC funds?

  • As JFC has no independent corporate status, it does cannot maintain a JFC account
  • As agreed with JFC, CanCham maintains a separate account for the JFC
  • All JFC revenue is credited to and payments made from this separate account
  • The JFC account is kept separate from CanCham’s own accounts
  • The JFC account audited as part of the annual audit of CanCham’s accounts

 Summarized by CanCham May 3, 2014