!"#$%&'#()*"&+)&*'),$-#()#$.-"/"/0)12$#.)$34"#$(5)6789686:;) Frank Campillo, Health Plan Administrator, Calvo’s Insurance Underwriters, Inc. Jeffrey B. Jones, President & Chief Operations Officer, Triple J Enterprises, Inc. James Moylan, Gov’t Account Manager, Moylan’s Netcare Life & Health Robert Salas, President, Landscape Management Systems, Inc. Bernadette Valencia, Vice President & General Manager, Matson Navigation Company Albert Yanger, President, GPSI, Guam

PRESIDENT’S REPORT Issue #: [Date] Special Election Issue

Board Holdovers

Special Election Report 2017

November 2017

!"#$%&'#()*"&+)'/$),$-#)#$.-"/"/0)12$#.)$34"#$(5)6789686<;) Christine Baleto, Master Franchisee, Store Owner, Pacific Froots, LLC Jim Herbert, General Manager, Triple J Five Star Wholesale Foods, Inc. Rindraty Celes Limtiaco, President, Pacific Daily News Gerald S.A. Perez, Vice President, MicroMed Suppliers Sinforoso M. Tolentino, Of Counsel, Camacho, Calvo Law Group Bobby Shringi, Sales & Marketing Manager, Moylan’s Insurance Underwriters

Annual General Membership Meeting & Board Election The Chamber’s Annual Membership Meeting and Board Election will be held on Wednesday, November 15, 2017 at the Pacific Star Resort & Spa. Voting takes place in the Latte Room (near the staircase) and beginning at 11:00 a.m. and closes at 12:30 p.m. Call to order is at Noon. Chairman Bobby Shringi will deliver his End-of-the-Year Address to the Membership.

A significant part of the meeting will be the election of the members to the Chamber’s Board of Directors whose term of office will begin on January 1, 2018. There are eight (8) seats to be filled and will be decided as follows:

1) Six (6) candidates garnering the highest number of votes shall serve a term of three years as a voting director; and,

2) Two (2) candidates garnering the next highest number of votes shall serve a term of one year as a non-voting alternate director

There are (10) ten candidates seeking election to the Chamber Board this year. This special edition of the President’s Report focuses on the candidates and their ideas regarding the following question:

“Guam is at a crossroads of significant change. Other than the military and tourism, what do you think are the three most important economic issues facing our island and what would you do to help the Chamber Board address these issues in the next year?”

For the election, ballots will be issued only to authorize voting members on Election Day. Authorized individuals are listed in the Chamber’s current roster of members, or their proxy. A proxy must present a signed letter of authorization on company stationery to receive a ballot. Please contact your Guam Chamber if there have been recent changes to the executive roster at your company and send your updates in writing via email to info@GuamChamber.com.gu or via fax: 472-6202/ voting will take place from 11:00 a.m. – 12:30 p.m. No ballots will be cast after this period.

Special Election Report November 2017

Please note that final results for the election may not be available before the meeting adjourns. If tallying is in progress at adjournment, an announcement will be emailed to the membership before close of business day.

Special thanks The Guam Chamber would like to recognize and thank the following Chamber Board Members whose terms expire on December 31, 2017 for their tireless support of the organization during their tenure on the Board!

! Laura-Lynn Dacanay, Vice President, 3D Rentals

! Bartley Jackson, Chief Operating Officer, B&G Pacific LLC

! Risha Aguon, Licensed Professional Counselor, Counseling Services

Member Voting Information 1. Members may cast their ballots from

11:00 a.m. – 12:30 p.m. only. The ballot box will be promptly removed at 12:30 p.m.

2. Members are encouraged to vote at Pacific Star Resort’s Latte Room on Wednesday, November 15th.

3. Members will be given ONE ballot. Depending on their class of membership, their ballot will be marked and counted accordingly:

Class A: One (1) Vote

Class B: Two (2) Votes

Class C: Three (3) Votes

Class D: Four (4) Votes

Class E & F: Five (5) Votes

Class G & H: Six (6) Votes

Absentee Voting For members who will be off-island on November 15th and would like to vote, ballots will be available by Monday, November 6th through Monday, November 13th during normal office hours (8:00 a.m. – 12 Noon and 1:00 p.m. – 5:00 p.m., Monday ~ Friday) at the Guam Chamber office in Hågatña, if you wish to vote absentee.

Sample Proxy Form Please insert on company letterhead

PROXY

In accordance with the By-Laws of the Guam Chamber of Commerce, I hereby appoint (name of representative), (title), as my proxy to vote for me on behalf of my company at the November 15, 2017 Annual Board of Directors Election.

Dated the _____ day of November, 2017.

(Name)

(Title)

(Company)

Special Election Report November 2017

GET INVOLVED!

Ask about how you and your business can get the most out of your Chamber

membership!

Tel: 472-6311/8001 info@GuamChamber.com.gu

Visit us on the web: GuamChamber.com.gu

4. Members must be current with their dues investment in order to vote (please see current schedule of dues breakdown below). Please contact your Guam Chamber office if you have questions about your statements or your membership class.

5. Only authorized representative of voting members are eligible to vote (members who are listed in the Chamber’s current roster on their proxy – Note: a proxy must present a signed letter of authorization on company letterhead in order to vote)

6. Absentee ballots will be available at the Guam Chamber office beginning Monday, November 6th for members unable to attend the November 15th meeting.

7. The Nominating Committee will do its best to announce the Board Election Results at the close of the Annual Meeting. If, upon adjournment, the votes are still being tallied, an announcement (via email and news media) will be made at the close of business on November 15th.

2017 Nominating Committee

Gerald S.A. Perez, MicroMed Suppliers, Committee Chairman Frank Campillo, Calvo’s Insurance Underwriters

Laura-Lynn Dacanay, 3D Rentals

James Moylan, Moylan’s Insurance Underwriters

Bobby Shringi, Moylan’s Insurance Underwriters

Bernadette Valencia, Matson Navigation Company

Toys for Tots 2017 Collection Dates:

October 2nd ~ December 12th

Special Election Report November 2017

Senior Advisor, Deloitte & Touche LLP Secretary/ Treasurer, Chamber Board; Chairman of the Finance/ Taxation Committee Steering Committee Member, Armed Forces Committee Work force development at all levels is necessary to sustain economic growth. Plans designed to provide these skilled and professional employees locally should be a priority for our community and our government. This needs to be supplemented by additional outside labor in times of peak growth. Solving the H2-B problem is most immediate concern, but continuing local labor development should be a priority as well.

Ever increasing levels of public debt should be a greater concern to more people. Borrowing for current obligations (like tax refunds) demonstrates a lack of fiscal restraint and planning. No private business could survive this way. This places greater emphasis on economic growth to satisfy increasing debt obligations. It also puts Government of Guam operations at all levels, particularly the retirement fund at unnecessary risk. The economic and social events unfolding in Puerto Rico should remind us how close we are to a similar fate.

Attraction of new and diverse industries to our economy would provide added depth and resilience. This has been attempted in the past with Trust Companies and the Captive Insurance industries. To be successful requires full cooperation between the business community and our political leaders to be successful. IT and internet based businesses is a natural option given the communications infrastructure already in place in Guam.

To accomplish these economic development plans and more requires open and honest dialog with our membership and our political leaders. Full participation by our Board and membership in our Delagadu and village programs is essential to achieve these and other economic development goals.

JOE ARNETT

ERNIE GALITO

Marketing & Communications Director, Atkins Kroll, Inc. Chamber Board Member; Chairman of the Gala Committee; Armed Forces Committee member; Membership in Guam Visitors Bureau; Guam Hotel & Restaurant Association; Member of the Guam Community College business curriculum advisory board; Guam Running Club member; Guam National Tennis Association member.

It is difficult to not include the two main drivers of the economy when considering the three most important economic issues that Guam faces.

However, here are some critical thoughts that Guam needs to recognize, address, and propose solutions in order to change “business as usual”.

1. Reduce the size and cost of the Government of Guam 2. Privatize GovGuam operational assets to infuse capital expenditure,

technical expertise, and transform GovGuam from an operator to a landlord Operational assets include Guam International Airport, Port of Guam, Guam Power Authority and Guam Water Works.

3. Develop a job creation strategy for new entrants in the job market and opportunities for households receiving government assistance.

I propose collaboration between the private sector and policy makers to work out the cost/benefit ration in terms of taxpayer savings, capital infusion for repair, replace, and improvements, and generally become a community with a sustainable business environment support by strong consumerism.

Special Election Report November 2017

President, Cornerstone Valuation Guam, Inc. Appraisal Institute Diversity Panel; Appraisal Institute, MAI and AI-GRS Designated Member No. 406088; Royal Institution of Chartered Surveyor Professional Member No. 6493989; International Rights of Way Association; Pacific Association of Professional Real Estate Appraisers (PAPREA); Territory of Guam Certified General Appraiser; CNMI Certified General Appraiser; Pacific Islands University, Trustee; Tender Shepherd, Past Board Chairman; Guam Women’s Chamber of Commerce (GWCC) Founding Board Member and 2016 President; Guam Association of Realtors, Elected Director (2014 – 2016) The three most important economic issues facing our island include economic diversification, labor and education.

Our two main economic drivers, tourism and military, are susceptible to external factors. We need comprehensive economic study to explore economic diversifications. Our strategic location in the Pacific, lend various economic diversification potential. Data center, fiber optic hub, world class island size amusement park, financial hub, and many other ideas need to be explored. Singapore transformation, from third world to first world country in about three decades can be a model. I will spearhead Chambers white paper on this important issue. I will contribute my professional expertise in real estate and analytical skill for this.

The labor issues affected our small economy to a great extent. I’ve done various feasibility analyses whereas due to scarcity in labor, many development become not feasible. As a business owner, I have the firsthand experience in this. Chambers can continue its lobbying effort to push for H2 workers, educate current pool, complete workshops for member and general public, and provide input to Government of Guam on workforce demand.

Related to the two issues above, education is a key driving force behind any successful entity. Chamber can lead in providing input to the government and provide market driven quality workshops to increase efficiency and productivity. I will share my experience in providing and conducting world class workshop/conferences. Global knowledge, local expert is my personal motto and I believe our labor pool can step up to the challenge given the right education.

SISKA HUTAPEA

JONATHAN KRIEGEL

President & CEO, DOCOMO PACIFIC Guam Chamber of Commerce – 2014 to present – Board Member Strategic Development Committee Chairman – 2016 to present Foundation for Public Education – 2014 to present – Board Member, Treasurer Tourism education Council – 2014 – present – Board Member American Red Cross – 2017 – Red Ball Chairman I am grateful for this nomination and eager to continue serving if elected. As the CEO of DOCOMO PACIFIC, one of Guam’s largest private employers, I see great potential for future growth based on the strength of Guam’s people, location and traditions.

Guam is blessed by its geography and is a strategic landing location for submarine fiber optic cables crossing the Pacific. As a result, Guam has the potential to create an IT ecosystem that should become the third powerful driver of our economy alongside tourism and the military. In 2016, I joined other leaders from the Chamber, government and education to form the Silicon Village task force whose goal is to drive the creation of an IT ecosystem in Guam by creating an IT enabled work force and stimulating start-ups and inward investment.

I have worked in the telecommunications industry for over 25 years and understand the importance of the digital transformation taking place across all industries. An online, cloud based Learning Management Platform (LMP) is an important tool for training and transforming businesses of all sizes. I am working with other Board members, Catherine Castro and her team to make a leading LMP with relevant local content available to Chamber members at a reasonable price.

Coaching and mentoring for aspiring leaders in our community is critical for our future growth and I participate in the GYP mentoring program.

It would be an honor to continue serving the Chamber as a Board member and I respectfully ask for your support. Si Yu’us Ma’ase and Biba Guam!

Special Election Report November 2017

SANDRA MCKEEVER

President & CEO, Asia Pacific Financial Management Group Founding member, President and volunteer, Teach Money; Past President, NAIFA Marianas; Committee Member, Guam Micronesian Mission Finance Committee; Director, JOYFM; Committee member, Guam SDA Clinic audit committee (2012) THE AUGMENTATION OF GUAM’S WORKFORCE We all have our fingers crossed for a resolution of some kind for the H2 situation especially with the military buildup. This and the revitalization of the Ship Repair Facility by the Navy creates more demand for skilled workers. Guam’s economy is getting more dynamic, there are other industries like finance, medical and technology that are hurting for qualified workers. The Chamber must participate at every level – education, skills training, and commitment – to facilitate this need and expand our economic opportunities. LOCAL SMALL BUSINESS DEVELOPMENT The backbone of the Nation and our Island is Small Business. I see this first hand being a small business owner. Millennials have a predisposition toward entrepreneurship and this is an opportunity to grow a dynamic economy. But additional regulations and inefficiencies impedes entrepreneurship. We must focus on removing many of the costly hurdles/ regulations to stimulate growth of small business and do more to guide them towards incentive programs for assistance. FINANCIAL ACCOUNTABILITY OF GOV’T AND FINANCIAL EDUCATION IN SCHOOLS Most think the answer to our island’s problems is to throw more money into it. However, we need to look at the inefficiencies in all areas of government and their agencies. Like our businesses, they must first cut expenses and streamline deliver of services. The Chamber can make a difference on these outcomes, we much get more involved and “stop the bleeding” and demand accountability. It is also paramount our island youth know more about money – where it comes from, who creates job, where Gov’t revenues come from and most importantly personal financial responsibility. This will be the cornerstone for economic prosperity and gov’t accountability.

LORRAINE OKADA

President, Okada Managing Consulting Services Current Board of Director of the Guam Chamber of Commerce; Member of the Armed Forces Committee, Chamber Business Women’s Network Member; Membership Development Committee Chair; Board Chairwoman – Guam Community College Foundations Board; Founding Board - Guam Women’s Chamber of Commerce; Vice Chairwoman – Guam Industry Liaison; Board of Director – Money Teach; Board Secretary – Catholic Social Services 1. Guam can build a strong foundation for economic success and shared prosperity

by investing in education. Providing expanded access to high quality education will not only expand economic opportunity for residents, but also likely do more to strengthen the overall economy. Guam can be the premier US Educational Center of the Western Pacific.

2. Support small business start-ups / entrepreneurs. Small business is an engine of economic growth and job creation; and that not tapping it delays rather promotes economic growth. Small business has not been given a chance to act as multiplier. Small businesses must be part of the mantle to lead it to the next level.

3. Alternative US Air Carriers for Guam. The closing of Delta Airlines will significantly affect Guam Economy. This will create a monopolized industry and with high rates and no options

Special Election Report November 2017

MARK SABLAN

Vice-President Business Development, South Pacific Petroleum Corporation Chairman, UOG School of Business and Public Administration; Member – Guam Chamber of Commerce Armed Forces Steering Committee; President – Guam Business Partners for Recyling dba i*Recycle; Ex Officio board member, Navy League of the U.S. – Guam Council; Board of Director, Bank of Guam

Government of Guam debt – It is apparent that our government is slowly but surely accumulating more debt. GovGuam needs to stop issuing bonds and loans backed up by the full faith and guarantee of itself. The taxpayer dollars are going to end up paying for this and we will definitely see an increase in taxes. Department of Education – Seems to be low on the priority list. DOE is poorly funded resulting in dilapidated schools, lack of text books, low teacher salaries, little to no classroom supplies, limited computer classes and equipment, etc. This results in DOE not being able to provide teachers, administrators, and students the resources they need to achieve academic excellence. As a result, there are less college or technical college bound students. Eventually, a skilled and professional workforce will be non-existent if this is not resolved. Internal Controls and checks/balances within GovGuam agencies – I suspect that there is a lo of waste (cash and resources) and lack of accountability. The Office of the Public Auditor should be staffed and funded accordingly so that they can perform their job effectively, in greater scope and on a continual basis. Controls should be established across the agencies including the three branches of government. Enforcement should include not just audits but education and awareness. I believe that I can assist the Guam Chamber of Commerce with these governmental issues by sharing ideas and experiences coming from the private sector. We could begin by engaging with our elected leaders and leaders of the business community to discuss resolutions for the island’s problems as a whole. Some priority issues are, GovGuam needs to be more business friendly, inadequate compact/ impact funds, high unemployment rate, resolution of H2B Visa and the under reporting of sales by business resulting in low tax revenue. The list goes on but these are just a few.

MARK TOKITO

Senior Vice President, Bank of Hawaii Rotary Club of Tumon Bay, Member and Past President; Guam Girl Scouts, Inc. – Treasurer; Red Cross of Guam, Board Member; Guam Community College Business and Visual Communications Department, Advisor 1. The current H-2B worker crisis has potential to severely impact economic growth which Guam has been seeing for a number of years. As a Chamber board member, I would continue to advocate lobbying efforts in Guam and in Washington D.C. to work towards a quick resolution to this issue.

2. Guam’s economy is undiversified and is dependent primarily on tourism and military spending. I will work the Chamber in continuing to identify potential new industries to attract to Guam and ensuring that roadblocks to foreign investment are minimized.

3. Excessive government regulations and in particular inefficient and lengthy business and building permit processing hampers economic development. The Chamber’s Legislative Review Committee has been doing an outstanding job in lobbying with the Guam legislature to ensure that bills are not inhibiting economic growth. I would like to be involved in this process.

Special Election Report November 2017

MEG TYQUIENGCO

Founder & Owner, Energetic Presence Junior Achievement of Guam, Current Chairperson; Guam Women’s Chamber of Commerce, board Member; Current member of the Chamber Business Women’s Network and the Small Business Focus and Development Committee

People – Everyone knows we have a limited talent pool but I believe within our pool we have potential for unlimited talent. Developing our current workforce and the youth entering the workforce. We have the jobs and if (we) pay the prevailing wage I believe more people would take the opportunities here at home vs. leaving for higher pay. Technology – The world is changing so quickly and with technology location independence is growing and we/Guam has the opportunity to play. Teaching coding at an early age is one idea that comes to mind. Small Business/ Entrepreneurship – Promote free enterprise and mentor them to help grow and sustain our island’s economy.

KIM ANDERSON YOUNG

President and Founder, Security Title, Inc.

1. Good paying job for our residents. We must continue to challenge our local talent and foster an environment where they can grow and improve their lives and the lives of their families. The key to achieving this goal is to create an atmosphere on Guam where small businesses can thrive and grow. However, temporarily we desperately need H2 workers to kick our military buildup into full swing.

2. Responsible taxation. While we are making significant and much needed advances to our infrastructure, responsible use of our tax dollars keeps money in the pockets of our work force. I have a concern about our legislature mandating new taxes without input from the business community.

3. Reasonably priced and globally competitive healthcare. Guam is no different from the rest of our nation in our struggle to find a cost/ service balance for the residents of Guam. Continue to support public-private partnerships in their mission to improve services to Veterans, preventing suicide and fighting drug abuse.