Fair Labor Association

“The controller works cooperatively with the external preparer to complete and update the federal form 990. Upon completion of update and initial review, the cfo reviews the form noting any necessary changes prior to the submission of the draft form to the audit committee of the board of directors, in a phone based meeting between the audit committee, the controller, the cfo and the tax preparer the draft form 990 is walked through noting any necessary changes based on input from all parties. Once the filing has been updated and accepted by the audit committee, the public disclosure version of the federal form 990 is presented to the general board by the committee. Once the general board accepts the public disclosure copy it is communicated to the preparer and the final copy is filed electronically with the internal revenue service.”

“On an as-needed basis the board reviews the conflict of interest policy and discloses any potential conflicts of interest. All senior management fla staff and board of directors sign a conflict of interest disclosure statement annually. The signed documents are reviewed by the human resources manager and board coi disclosures are kept by the president and ceo. The coi policy is always taken into consideration when there is the potential for conflict, particularly when signing new contracts or beginning new relationships. Any possible appearance of a conflict of interest that arises in the course of business is researched to determine the existence of a conflict. If a contract is to be made that presents a conflict, it is disclosed to the board and a vote is taken according to the coi policy. If fla staff members identify a conflict of interest, the director of finance & president and ceo share this information with the executive committee of the board for its action. Board members are precluded from voting on matters for which a conflict exists.”

“The board of directors is comprised entirely of independent directors. The board relied on objective information before making its decision. The director of human resources annually prepared objective compensation data in the form of an independent survey for association compensation and ensured that it only compared data from peer organizations under similar circumstances and demographics. The last compensation review took place in january 2017.”

“Fla makes its financial statements available on an as requested basis through the vehicle of the federal form 990. With respect to its governing documents those are posted on fla's website while the conflict of interest policy's existence is noted in fla's governing documents, but not explicitly provided to the public in any forum.”

“Too many workers face unsafe conditions, excessive working hours, low pay, harassment, and discrimination. While a job in the garment sector can be a first step out of poverty in developing countries, particularly for women, wages may not be sufficient to meet basic needs and provide discretionary income. Also, global estimates indicate there are more than 152 million children workers including in the agriculture sector, and more than 20 million children are in forced labor. The fla has three overarching objectives: 1) to strengthen the voice of workers; 2) to improve working conditions through transparency and effective remediation; and 3) to demonstrate a positive impact on workers' lives. We work toward these objectives through the collaborative effort of business, civil society, and universities. Our work promotes robust labor standards through an accreditation process that holds companies accountable while driving systemic improvement through innovation, remediation, and capacity building. The standards that guide our work - the fla code of conduct and principles of fair labor and responsible sourcing - adhere to, and sometimes exceed, established international standards and guidelines. Fla principles are in full support of the international labor organization, the universal declaration of human rights (articles 23 and 24), and the sustainable development goals, namely goals 1 ("end poverty in all its forms everywhere") and 8 ("promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all"). As with the oecd guidelines for multinational enterprises, the un global compact and the un guiding principles on business and human rights (un guiding principles), the fla's principles and programs concretize the obligation of companies to recognize and respect the human rights of those impacted by their operations.”

“Foreign currency translation gain 6,382.”