Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24The ILPA 2016 Annual Report 17 • Looking ahead to the forthcoming update of the ILPA Principles, roundtables were convened in 2016 in Melbourne, Amsterdam and Copenhagen to solicit members’ views on specific issues to be addressed in Principles 3.0. These conversations will continue throughout 2017 in San Francisco, Sydney, New York and beyond. The ILPA will also leverage continuing dialogue with the GP community through GP-LP Roundtables in New York and London, and back office roundtables with finance and operations professionals, to crystallize the Association’s role in advancing best practices. • As the ILPA’s profile as the voice of Limited Partners has continued to grow across issues including transparency and standardization, so has it grown in the areas of private equity regulation and tax policy. In 2016, a series of educational exchanges were convened with SEC staff in Washington, Chicago and Seattle, and dialogue continued with the European Commission around the upcoming review of the Alternative Investment Fund Management Directive (AIFMD). The ILPA message was delivered to audiences at more than 30 industry events across the globe. With critical regime and policy changes ahead for both Washington and Brussels, the ILPA will be stepping up dialogue with policymakers in 2017 and including several delegations offering members the opportunity to share their views directly with elected officials and policymakers. The Industry Affairs and Standards Committee is privileged to lead the ILPA’s efforts to advance LP interests. As the global political and economic landscape becomes more uncertain, member participation will be all the more critical to the organization’s success in the year ahead. The Industry Affairs and Standards Committee is committed to keeping membership up to date on develop- ments and offering opportunities for involvement as we take concrete steps to improve how our industry operates for the benefit of all stakeholders. THERE IS MUCH TO BE PROUD OF IN HOW THE ILPA RAISED ITS VOICE AND DEMONSTRATED LEADERSHIP IN MOVING THE INDUSTRYTOWARDS STRONGER GOVERNANCE, GREATER TRANSPARENCYAND IMPROVED ALIGNMENT OF INTERESTS.