IACC Board of Directors Message to Members Re: Anonymous Letter

May 13, 2016

Dear Colleagues,

We would like to address an anonymous letter that has been recently circulated, expressing concerns about the IACC President Bob Barchiesi, and the organization’s operations and governance.

We are extremely proud of what the IACC has accomplished over the last eight years under Bob’s leadership. During this time the organization’s membership has nearly doubled, and our programs have expanded internationally. Bob disclosed financial transactions and relationships on IRS Form 990, and his annual conflict of interest form. Certain aspects of the disclosed conflict, however, were not communicated to the Board because of a weakness in our corporate governance procedures. This failure to disclose was not attributable to inaction on Bob’s part. We believe that Bob’s performance and accomplishments as President have been exemplary, and he has the Board’s full confidence and support.

We are hiring an independent firm to review, develop and recommend the implementation of corporate governance measures, internal controls, policies, procedures and by-laws to ensure that they meet the highest standards and fit the current size and scope of our organization.

Further, in consideration of some of the concerns raised by our membership, Bob has recommended, and the Board has agreed, to suspend the recently announced General Membership category to allow further discussion and consideration. This will result in the suspension of the memberships of Alibaba, Wish.com and The RealReal at this time. This will not affect our existing relationship or joint initiatives with them. We continue to stand by our inclusive approach to working with intermediaries.

The IACC plays a vital role in stemming the growing problem of counterfeit goods, and we are confident we will continue to offer cutting-edge programs in the fight against counterfeiting and piracy. We also believe our collaborative approach will continue to present significant benefits to members and non-members alike. We thank you for your support and welcome your input.

Looking forward to seeing you next week.

Sincerely,

IACC Board of Directors

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