Fwc2026 Us Inc

“The board of directors may appoint one or more committees of the board of directors. Each committee shall consist of two (2) or more individuals, who may be directors or non-directors, provided that at least one committee member is a director. Each committee shall have and may exercise during the intervals between meetings of the board of directors, to the extent provided by the resolution establishing it, all of the powers of the board of directors in the management and control of the activities, property, business and affairs of the corporation that are not specifically required by law or by these bylaws to be exercised by the full board of directors. A committee may hold meetings at such time or times and at such place or places as it shall determine from time to time. Each committee shall keep a record of its proceedings. At all meetings of a committee, the presence in person of members constituting a majority of the membership of the entire committee, but in no event less than two (2) members, shall be necessary and sufficient to constitute a quorum, and except as otherwise provided by law or by these bylaws, the act of a majority of the members present shall be the act of the committee.”

“Amended byalws were adopted in march 5, 2024 to incorporate a committees provision, (article xiii). Additionally, the amendements include a replacement of the ceo position with that of the coo of the world cup, who is subject to control of the board of directors, and any authorized committee.”

“The corporation shall have one (1) initial member, federation internationale de football association, an association registered in the commercial register of the canton of zurich in accordance with article 60 et seq. Of the swiss civil code ("fifa").”

“The member holds the power to elect, fill vacancies and remove directors.”

“The form 990 was prepared by an external accounting firm and reviewed by fifa's finance department. The return has been discussed with fifa's outside counsel and shared with the board prior to filing.”

“Persons performing any activity for fifa or before being elected or appointed are required to disclose any personal interests that could be linked with their prospective activities. Persons performing any activity for fifa are required to avoid any situation that could lead to conflicts of interest. Conflicts of interest arise if persons bound by fifa's code of ethics have, or appears to have, private personal interests that detracts from their ability to perform their duties with integrity in an independent and purposeful manner. Private or personal interests include gaining any possible advantage for the persons bound by the fifa's code of ethics themselves, their family relatives, friends and acquaintances. Persons bound by the fifa code of ethics may not perform their duties in cases with an existing or potential conflict of interest. Any such conflict is required to be immediately disclosed and notified to the organization for which the person bound by the fifa code of ethics performs his duties. If an objection is made concerning an existing or potential conflict of interest of a person bound by the fifa code of ethics, it shall be reported immediately to the organization for which the person bound by the fifa code of ethics performs his duties for appropriate measures. All council members and all fifa directors must annually sign a confirmation with regard to conflicts of interests and related parties. The investigatory chamber is charged with investigating potential breaches of the fifa code of ethics on its own initiative and at its full and independent discretion. If a prima facie case is found, the investigatory chamber will open investigation proceedings and conduct appropriate inquiries. If a recommendation is made for sanctioning, the party's sanctionable conduct and possible rule breaches are indicated in a final report to the adjudicatory chamber. The adjudicatory chamber reviews the report and decides whether further investigation is appropriate, whether to dismiss the case, or whether the case should be adjudicated. It is essential that conflicts of interest are identified and managed appropriately. Fifa has established a set of internal processes to ensure that any such potential conflicts of interest are swiftly identified, which include: annual declarations by fifa employees, the fifa management and council members of potential related-party transactions; eligibility reviews of council members and the secretary general; and assessments of procurement processes relating to any potential conflicts of interest with suppliers. Related-party disclosures by council members are managed by the governance committee. The 2017 edition of the fifa code of conduct emphasizes the importance of identifying potential conflict of interest. Fifa team members are required to identify, report and escalate any such potential conflict of interest to their line managers and to the fifa compliance division, as well as in an annual disclosure.”

“Process for determining compensation the salary of the chief strategy & planning officer, chief tournament officer and other officers and key employees are determined using a compensation specialist and a compensation survey which is then approved by the board of directors. The salary of key employees is determined by industry surveys which cover other organizations and sporting teams. The salary of all other employees are determined by comparing them against other similar sized organizations. The review of compensation was conducted in 2024 to ensure alignment with organizational policies and market standards.”

“Fwc2026 us, inc. Statues, code of ethics, disciplinary code, laws of the game and financial reports are available online at www.fifa.com.”

“Fwc 2026 us, inc. Is showing compensation and payments to independent contractors based on w-2s and 1099s issued to respective employees and independent contractors. There is no corresponding functional expenses due to the organization reporting its financials on ifrs. For the filing year, ifrs 15 standard was in effect, which does not show these expenses in the current year, but will be reported in a subsequent period.”

“Fwc 2026 us, inc. Uses ifrs for its financial statements. During the 2024 year, the organization had $147,348,328 in revenue that under ifrs 15 standard is not shown on the form 990, part viii, but will be reported in a subsequent period.”

“The corporation is a nonprofit corporation organized and operated exclusively to carry out social welfare purposes, as such terms are defined for purposes of section 501(c)(4) of the internal revenue code of 1986, as amended (or the corresponding provision of any future united states internal revenue law) (the "code"). The purpose for which the corporation is to be fanned is to support and improve the game of association football (more commonly known in the united states as soccer) and promote the game in light of its unifying educational, cultural and humanitarian values by (i) organizing and promoting competitions and events (including the 2026 fifa world cup) and (ii) making grants to support and improve the game throughout the world. The corporation is empowered to use for such ends such agencies and means as from time to time may be expedient to the directors or found to be appropriate therefore, including by raising funds for such purposes. The corporation shall conduct its affairs and use and/or distribute its funds only in a manner consistent with the authority and powers granted to organizations which qualify under section 501(c)(4) of the code. Form 990, part v, line 15a: fwc2026 us, inc. Evaluated all individuals reported in part vii and schedule j of the form 990. Any individual that is over the $1,000,000 of remuneration, received all compensation outside the u.s. And is not subject to irc 4960 on that compensation. The organization will continue to review annually for any changes of reporting and remittance of required excise taxes.”

“Fwc 2026 us, inc. Uses ifrs for its financial statements. During the 2024 year, the organization had $89,870,157 in expenses that under ifrs 15 standard is not shown on the form 990, part ix, but will be reported in a subsequent period.”

“The organization previously reported its accounting methodology as cash basis, but is electing to change its accounting methodology in 2024 to check the "other box" in part xii, line 1, and report on ifrs basis going forward. This accounting methodology change does not impact income taxes, so no form 3115 has been filed, and there is no irc 481(a) adjustment.”