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PRODID:-//ChamberMaster//Event Calendar 2.0//EN
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CALSCALE:GREGORIAN
BEGIN:VEVENT
DTSTART:20231212T160000Z
DTEND:20231212T170000Z
X-MICROSOFT-CDO-ALLDAYEVENT:FALSE
SUMMARY:APEX Accelerator: Foreign Ownership\, Control\, or Influence (FOCI) - Keep Your Business Compliant with the Government
DESCRIPTION:Foreign ownership\, control or influence (FOCI) is a state that may affect a company's ability to qualify for or maintain an entity eligibility determination\, also known as a Facility Security Clearance (FCL). As defined in the NISPOM and the DoDM 5220.22\, Volume 3\, a company is considered to be under FOCI if it is owned\, controlled\, or significantly influenced by a foreign interest. Why is this important to you? Because being under FOCI can have various effects on your facility's clearance status. Businesses may be subject to FOCI and not even know it.\n\nA few examples that may indicate FOCI are:\n\n  A company who's parent company is located overseas\n\n  A company who gets a high percentage of manufactured parts from foreign sources\n\n  Companies who have major investment from overseas investors\n\n  A company who sells a high percentage of their revenue to foreign countries\n\n\n\nIn this session\, attendees will learn more about the nuances of Foreign Ownership\, Control\, or Influence (FOCI) to make a better determination of their status. Additional steps will be highlighted regarding the topic.\n\n\n\nTHIS IS A VIRTUAL-ONLY EVENT. ATTENDEES WILL RECEIVE THE ZOOM LINK TO THE EVENT AFTER REGISTERING.
X-ALT-DESC;FMTTYPE=text/html:<span style="font-size:14px\;"><span style="font-family:arial\;"><span style="color:#000000\;">Foreign ownership\, control or influence (FOCI) is a state that may affect a company&rsquo\;s ability to qualify for or maintain an entity eligibility determination\, also known as a Facility Security Clearance (FCL). As defined in the NISPOM and the DoDM 5220.22\, Volume 3\, a company is considered to be under FOCI if it is owned\, controlled\, or significantly influenced by a foreign interest. Why is this important to you? Because being under FOCI can have various effects on your facility&rsquo\;s clearance status. Businesses may be subject to FOCI and not even know it.<br />\nA few examples that may indicate FOCI are:<br />\n&bull\; A company who&#39\;s parent company is located overseas<br />\n&bull\; A company who gets a high percentage of manufactured parts from foreign sources<br />\n&bull\; Companies who have major investment from overseas investors<br />\n&bull\; A company who sells a high percentage of their revenue to foreign countries<br />\n<br />\nIn this session\, attendees will learn more about the nuances of Foreign Ownership\, Control\, or Influence (FOCI) to make a better determination of their status. Additional steps will be highlighted regarding the topic.<br />\n<br />\n<strong>THIS IS A VIRTUAL-ONLY EVENT. ATTENDEES WILL RECEIVE THE ZOOM LINK TO THE EVENT AFTER REGISTERING.</strong></span></span></span>
LOCATION:Online Click here to register!
UID:e.9667.199
SEQUENCE:3
DTSTAMP:20260516T132401Z
URL:https://members.gnwbc.org/events/details/apex-accelerator-foreign-ownership-control-or-influence-foci-keep-your-business-compliant-with-the-government-199
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