Inter American Accreditation Cooperation Stakeholders Committee Terms of Reference The Inter American Accreditation Cooperation, (IAAC), Stakeholder Members that have signed the IAAC MoU, in order to contribute to the mission and goals of IAAC, to an ever closer cooperation among the Stakeholder Members of IAAC and comply with IAAC Bylaws and with other applicable obligations. 
 Every Stakeholder is a signatory to the IAAC MoU and is entitled to a single vote or ballot and these members may vote on any decisions brought to the Stakeholders Committee by its members. meeting will be held at least every year, concurrent with IAAC annual meeting. Meeting attendees are either IAAC recognized Stakeholders signatories of the IAAC MoU or individuals invited to attend the Stakeholder’s meeting by the Stakeholders Committee’s Coordinator. The Stakeholders Committee meets normally concurrent with the IAAC annual meeting; and meets extraordinarily, in the event of exceptional circumstances. The Stakeholders’ Committee has authority to elect, from the Stakeholder members a Coordinator to serve for a term of two years and appoint a Secretary at each meeting; elect two representatives to participate in the Executive Committee for a term of two years with the right to be reelected for one consecutive term; elect two representatives to participate in the MLA Committee; designate the Stakeholders’ coordinator(s) to the subcommittees; establish work committees, work plans, and terms of reference; act on other matters, which contribute to the mission and goals of IAAC; make any amendments to these Terms of Reference and present them for prior approval by the IAAC General Assembly; adopt resolutions by consensus; however, if consensus is not achieved, 
the resolutions will be adopted by an affirmative vote of two-thirds of 
members present at the meeting; and as needed, take decisions and ballot documents between meetings.