Biennial Report

IGF BIENNIAL REPORT

2017 2018 CONTENTS 2 IGF Biennial Report 2017-18

CONTENTS

IGF PRESIDENT’S MESSAGE IGF MEDICAL IGF GOVERNANCE COMMISSION & ANTI-DOPING COMMITTEE IGF EXECUTIVE DIRECTOR’S REPORT OLYMPIC GAMES RIO 2016

IGF GOLFERS IGF BOARD WITH DISABILITIES WORLD AMATEUR COMMITTEE TEAM CHAMPIONSHIPS 2016

IGF ADMINISTRATIVE COMMITTEE IOC RELATIONS YOUTH OLYMPIC GAMES IGF EXECUTIVE COMMITTEE BUENOS AIRES 2018 ASOIF RELATIONS

IGF ATHLETES’ COMMISSION OLYMPIC GAMES GAISF RELATIONS TOKYO 2020

IGF COMPETITIONS COMMITTEE IPC RELATIONS IGF FINANCIAL REPORT 2016

IGF DEVELOPMENT & SPORT FOR ALL COMMITTEE IGF MEMBERSHIPS IGF FINANCIAL REPORT 2017

INTERNATIONAL GOLF FEDERATION Tel +41 216 23 12 12 Avenue de Rhodanie 54 Fax +41 216 01 64 77 1007 Lausanne, Switzerland www.igfgolf.org IGF PRESIDENT’S MESSAGE 3 IGF Biennial Report 2017-18

IGF President’s Message “The Olympics have helped to nourish our sport with record TV audiences in numerous global markets, particularly in those places where golf would not normally be seen.”

By any measure, 2016 and 2017 when golf received the green light, have been momentous years for the those privileged to be in attendance International Golf Federation. at Reserva de Marapendi for the men’s and women’s competitions – and Only the formation of the World Amateur millions more watching on television Golf Council (the fore-runner to the IGF) sets around the globe – must surely in 1958 can carry a comparable weight PETER DAWSON have shared a collective sense of of importance to the extraordinary unbridled joy and exhilaration. events that unfolded at the Olympic a colossal amount of time, resources, Golf Course in Rio de Janeiro in August energy, hard work and persistence to We experienced raw emotion as two 2016. re-establish golf as an Olympic sport. Brazilians – one male, Adilson da Silva, The end result was more than worth and one female, Miriam Nagl – both Golf had not graced the Olympic Games the effort. bursting with national pride, struck since St Louis in 1904 – longer, in the the opening tee shots to signal golf’s case of the women, who had not been Seven years on from the historic successful return after an absence of involved since Paris in 1900. It required 121st IOC Session in Copenhagen, more than a century.

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26.7%

In 1904, a total of 77 players competed, ambassadors for our sport, and Justin The growth in the 74 from America and three from and Inbee can be deservedly proud to number of National Canada. Rio 2016 was, thankfully, a be the first Olympic gold medallists of Federations since 2009, more cosmopolitan occasion. Of the the 21st century. when golf returned to the 120 athletes, 60 men and 60 women, Olympic programme a total of 41 different National Olympic The many favourable comments passed Committees (NOCs) across all five on the Olympic golf competition by the continental regions were involved, athletes themselves are revealing. They revelled in the tumult of the Athletes’ with the six medallists representing confirm that the golfers embraced and Village. six different countries spanning four of cherished their Olympic experience. those geographical regions. Many glowed with pride during the If diversity in terms of participation unique experience of entering the was important, no less so was the We applaud the achievements of Olympic Stadium for the Opening recognition that the game of golf has medallists Justin Rose, Henrik Stenson Ceremony as part of a team, not as prospered on the back of that Olympic and Matt Kuchar, who delivered a an individual athlete. Two – Mohammad experience. The Olympics have helped compelling men’s contest, and Inbee Rahman of Bangladesh and Paraguay’s to nourish our sport with record TV Park, Lydia Ko and Shanshan Feng, Julieta Granada – were honoured to audiences in numerous global markets, who represented the women’s game be their country’s flag bearers, while particularly in those places where golf with equal aplomb. All six proved fine over 80 per cent of the competitors would not normally be seen. IGF PRESIDENT’S MESSAGE 3 IGF Biennial Report 2017-18

Those new audiences, with a younger, Those partners – Augusta National, the sport. All of the NF Members have fresh fan-base, can drive the sport European Tour, LPGA, PGA of America, become members of their NOCs and forward thanks to the Olympics’ unique PGA TOUR, The R&A and the USGA have received recognition of golf as a ability to showcase golf’s appeal and – have ably resourced and supported worthy member of the Olympic Family. increase participation. To this end, the IGF along the way. the IGF is providing more support Of course, 2016 was not just about the to its member federations to build They have enabled us to complete our Olympic Games. In September 2016, the relationships with governments and mission, and we thank them warmly World Amateur Team Championships NOCs to capitalise on resourcing and for their unstinting support. We can were decided on the splendid Riveria funding opportunities to grow golf in a now look forward to Tokyo 2020 Maya coastline in Mexico. There were broad range of countries. and Paris 2024 with renewed vigour runaway victories in both the women’s and excitement. and men’s competitions, with the We believe that golf’s return to the Republic of Korea claiming a fourth Olympic Games has unified the sport, With unity comes growth. Since 2009, Espirito Santo Trophy by 21 strokes in a successful collaboration with our when we all awaited the IOC decision in over silver medallists Switzerland with seven ‘delivery partners’, bringing the Denmark with bated breath, the number Ireland taking bronze. Encouragingly, professional and amateur strands of National Federations (NFs) has risen a record 55 nations participated. of the game together in a way not from 116 to 151. This represents rapid seen before. expansion and globalisation within our One week later, the Eisenhower IGF PRESIDENT’S MESSAGE 3 IGF Biennial Report 2017-18

Trophy went to Australia by a margin consider undertaking a review of the Renato won his first tournament as of 19 shots with Ireland and the United scale of the event and the fact that a professional on the European States collecting the silver and bronze fewer Members can bid to become Tour in June in 2017 when he medals respectively. future hosts. captured the Nordea Masters in Sweden at just 20 years of age. A The two courses at Mayakoka El Last – but by no means least – we should wonderful success, and one which Camaleon Golf Club and Iberostar pause to applaud the achievements of will no doubt inspire countless others Playa Paraiso Golf Club were presented one young Italian, Renato Paratore, who will participate in golf’s second in excellent condition and we say a who in 2014 won the inaugural gold appearance in the Youth Olympics in huge ‘thank you’ to everyone involved medal for golf in the Youth Olympic the Argentine capital of Buenos Aires in the Mexican Federation for their hard Games in Nanjing. in October 2018. work and superb organisation.

Now we look forward to visiting the Montgomerie and O’Meara courses at Carton House Golf Club near Dublin, Ireland, for the 2018 Championships, while congratulations are in order to Hong Kong Golf Club, which has been selected as host for the Eisenhower and Espirito Santo in 2020. Staging these championships is increasingly costly and complex, and we have to IGF EXECUTIVE DIRECTOR’S REPORT 4 IGF Biennial Report 2017-18

Membership

The IGF consists of two membership categories representing the administration of golf internationally: National Federation Members Our Mission ANTONY SCANLON Professional Members Promote golf as an Olympic Since golf’s inclusion in the Olympic and Paralympic Sport IGF Executive Games Programme, the number of National Federation memberships of Encourage the international Director’s Report the IGF has increased from 116 to 151. development of golf

Who we are Administer the statutes, There are 22 Professional Members. practice and activities of golf as the recognised International The International Golf Federation (IGF) Federation within the Olympic was established in 1958 and is the Our Vision and Paralympic Movement recognised International Federation Organise the golf within the Olympic and Paralympic TO IGNITE GLOBAL EXCITEMENT competitions at the Olympic Movement. The IGF headquarters ABOUT GOLF AND TO GROW Games, Youth Olympic Games are located near the shores of Lake THE GAME. and the World Amateur Geneva in Lausanne, Switzerland. Team Championships

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IGF’s Strategic Imperatives Our Values We remain committed to six strategic INTEGRITY imperatives which guide all of our work We are truthful and are critical to achieve our vision: and honest in all of our dealings. Golf For All – Facilitate innovative educational and developmental RESPECT programmes that provide pathways We are respectful of for athletes, coaches and officials diverse opinions and value from the grassroots to the elite levels our stakeholders equally. of golf. Engage & Excite – Creatively engage and excite the world about EXCELLENCE A Great Games – Deliver a great golf and its values. We deliver our services Olympic event and a memorable and activities experience for the athletes, fans and Sustainable & Responsible – at the highest golfing fraternity cementing golf’s Promote sustainable and possible standards. place within the Olympic programme. environmentally responsible practices within the golfing industry. SOLIDARITY Pathways – Enable access and grow We are united participation by reducing the barriers Good Governance – Provide in our philosophy, and increasing the opportunities to leadership in diversity and good objectives and approach. play golf at all levels. governance practices. IGF BOARD 5 IGF Biennial Report 2017-18

IGF Board IGF Board Members

The member federations appoint MR PETER BEVACQUA MR KEITH PELLEY the Board Members to govern the (PGA OF AMERICA) (EUROPEAN TOUR)

International Golf Federation. MR MIKE DAVIS MR MARTIN SLUMBERS (UNITED STATES GOLF ASSOCIATION) (THE R&A) The IGF Board maintains a strategic MR PETER DAWSON MR TY VOTAW focus in its governance of golf. However, PRESIDENT (IGF) VICE PRESIDENT (IGF) the responsibility for implementing the strategic plan and managing the MS NOBUKO HIRAYAMA MR SIDNEY WOLF (JAPAN GOLF ASSOCIATION) (PUERTO RICO IGF’s operating activities rests with the GOLF ASSOCIATION) Executive Director. MR WILL JONES (AUGUSTA NATIONAL GOLF CLUB) MR MIKE WHAN (LADIES MR JAY MONAHAN PROFESSIONAL (PGA TOUR) GOLF ASSOCIATION)

IGF Board Meetings 21 December 2016 5 December 2017

The IGF Board has met 5 April 2017 4 April 2018 on the following occasions 18 July 2017 17 July 2018 IGF ADMINISTRATIVE COMMITTEE 6 IGF Biennial Report 2017-18

IGF Members IGF Administrative Committee

The Administrative Committee is responsible for the approval of National Federation Membership, the oversight of the organisation of the golf competition at the Youth Olympic Games and the World Amateur Team Championships and the financing of the IGF’s activities undertaken by the Executive Committee. The Committee also oversees the interaction between National Federation Members and National Olympic Committees.

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2016-18 Administrative Committee

MR CLIVE EDGINTON MR GONZAGA ESCAURIAZA MR DILIP THOMAS JOINT CHAIRMAN (THE R&A) (ROYAL SPANISH (INDIAN GOLF UNION) GOLF FEDERATION) MR MIKE DAVIS MR SIDNEY WOLF JOINT CHAIRMAN (UNITED STATES MR KANG HYUNG-MO (PUERTO RICO GOLF ASSOCIATION) GOLF ASSOCIATION) (KOREA GOLF ASSOCIATION) MR BRUCE YOUNGE MS NOBUKO HIRAYAMA MR MIGUEL LEESON (SOUTH AFRICAN GOLF ASSOCIATION) WOMEN’S CHAIRMAN (ARGENTINE (JAPAN GOLF ASSOCIATION) GOLF ASSOCIATION) MS MARGARET HAMILTON ADVISORY (HONG KONG MR TAIMUR AMIN MR STEPHEN PITT GOLF ASSOCIATION) (PAKISTAN GOLF ASSOCIATION) (GOLF AUSTRALIA) MR ROLLO MCCLURE MR LAURENCE APPLEBAUM MR ANTTI PELTONIEMI ADVISORY (GOLFING UNION (GOLF CANADA) (FINNISH GOLF UNION) OF IRELAND)

MR CLIVE BROWN MR JORGE ROBLEDA MRS DIANA MURPHY (THE R&A) (MEXICAN GOLF FEDERATION) JOINT CHAIRMAN UNTIL FEBRUARY 2018 MR JOHN BODENHAMER MS MARION THANNHÄUSER (UNITED STATES GOLF (UNITED STATES GOLF ASSOCIATION) (GERMAN GOLF ASSOCIATION) ASSOCIATION) IGF EXECUTIVE COMMITTEE 7 IGF Biennial Report 2017-18

IGF Executive Committee

The Executive Committee is responsible for the approval of Professional Membership, the oversight of the organisation of the golf competition at the Olympic Games and the financing of the IGF’s activities undertaken by the Executive Committee.

Executive Committee Members

MR PETER BEVACQUA MR WILL JONES MR TY VOTAW (PGA OF AMERICA) (AUGUSTA NATIONAL GOLF CLUB) VICE PRESIDENT (IGF)

MR MIKE DAVIS MR JAY MONAHAN MR SIDNEY WOLF (UNITED STATES GOLF ASSOCIATION) (PGA TOUR) (PUERTO RICO GOLF ASSOCIATION) MR PETER DAWSON MR KEITH PELLEY PRESIDENT (IGF) (EUROPEAN TOUR) MR MIKE WHAN (LADIES MS NOBUKO HIRAYAMA MR MARTIN SLUMBERS PROFESSIONAL (JAPAN GOLF ASSOCIATION) (THE R&A) GOLF ASSOCIATION) IGF ATHLETES’ COMMISSION 8 IGF Biennial Report 2017-18

Our link to the players The athlete members IGF of the IGF Athletes’ Athletes’ The IGF Athletes’ Commission Commission through continues to provide a vital link between to 2020 are: Commission the IGF and active players.

MR THONGCHAI JAIDEE (THAILAND)

MR MATT KUCHAR (USA)

MS SUZANN PETTERSEN (NORWAY)

MS SO YEON RYU (KOREA)

MS ALENA SHARP (CANADA)

MR HENRIK STENSON (SWEDEN)

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Recognising the importance of the existing members Mr Henrik Stenson rights and obligations of our athletes, (Sweden) and Mr Thongchai Jaidee the IGF Athletes’ Commission serves (Thailand). as a link between the players and the IGF, ensuring their voice is heard. The new Athletes’ Commission met on 7 May 2018 at PGA Tour HQ, where key As a consultative body, the commission data from the Olympic Games Rio 2016 provides the athletes a forum to give was presented, as well as details of the feedback regarding the planning for Olympic Games Tokyo 2020, including and delivery of the Olympic Games with the locations of the golf course and the In November 2017, Ms Ali Kicklighter the goal of delivering an exceptional Olympic Village, and the travel times (LPGA), IGF Athlete Relations, Olympic experience for all athletes in between each site. attended the IOC International Athletes’ the golf competition. Forum on behalf of the IGF. This bi- IOC Athletes’ Commission member annual forum allowed athletes and In 2017, Mr Matt Kuchar (USA), Ms James Tomkins also joined the meeting other representatives from across the So Yeon Ryu (Korea), Ms Alena Sharp by conference call to present the IOC Olympic Movement to come together (Canada) and Ms Suzann Pettersen Athletes’ Commission Strategy and one to exchange and discuss viewpoints, (Norway) all joined the commission of its main projects: the IOC Athlete working towards strengthening support as athlete representatives, alongside Charter of Rights and Responsibilities. to athletes. IGF COMPETITIONS COMMITTEE 9 IGF Biennial Report 2017-18

IGF Competitions Committee The IGF Overseeing Olympic golf Competitions The IGF Competitions Committee aims to ensure the best Olympic Committee consists of golf events possible. the following members:

The IGF Competitions Committee that all elements of the venues and MR JOHN BODENHAMER is responsible for overseeing the the field of play conform to IGF technical CHAIRMAN (UNITED STATES GOLF ASSOCIATION) management and presentation of the standards. Olympic golf competition. This includes MS HEATHER DALY-DONOFRIO ensuring that all athletes nominated The OGF also oversees the overall (LPGA) to compete in the Olympic golf service provision to athletes, IGF MR TYLER DENNIS competition are eligible to participate. personnel and technical officials at the (PGA TOUR) The Committee also recommends competition venues to enable them MR DAVID GARLAND referees/officials for the Olympic to conduct their Games-time roles, in (EUROPEAN TOUR) golf competition. support of the competition. During the Games, the IGF will oversee the running MR KERRY HAIGH (PGA OF AMERICA) The Olympic Games function (OGF) of the Olympic event in conjunction provides support to the Competitions with the OCOG and provide the focal DAVIDE LANTOS Committee. It works closely with point for OCOG contact in relation to (LADIES EUROPEAN TOUR) each Organising Committee for the competition issues. MR GRANT MOIR Olympic Games (OCOG) to ensure (THE R&A) IGF DEVELOPMENT & SPORT FOR ALL COMMITTEE 10 IGF Biennial Report 2017-18

IGF has 151 National Federation IGF Development Members & Sport for All Committee

Growing the game The IGF’s Development & Sport for All Committee aims to inspire future players and fans to embrace the game of golf.

From grassroots to the highest levels of the game, the IGF Development IGF Development & Sport for All Committee Members & Sport for All Committee works towards increasing participation in golf and developing the game throughout TONY BENNETT KYLE PHILLPOTS (PGAS OF EUROPE) (IGF ADVISOR) the world. DAWES MARLATT DUNCAN WEIR (PGA OF AMERICA) (THE R&A)

ARJUN CHOWDRI PAUL WISEMAN (PGA OF AMERICA) (PGA)

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National Member Toolkit Olympic Solidarity – The Truth About Golf A main focus area of the Sport for All Olympic Solidarity-funded National In cooperation with the R&A, the Committee is the delivery of courses Coaching Courses have recently been IGF has developed a toolkit for IGF to IGF National Federation Members, held in Colombia, Vietnam and Bahrain, national members to facilitate their both directly and also through the with others planned in Tunisia, Ecuador discussions with governments and International Olympic Committee’s and Lebanon. to provide a strategic approach to Olympic Solidarity Programme. contact with governments, advice on national research and a timeline of IGF National Federation Members are recommended actions for members. able to apply for Olympic Solidarity funding for the organisation of This toolkit was produced in both Technical Courses for Coaches (Coach hard copy and electronic formats and Development) through their National was distributed to all the IGF National Olympic Committee. Federation Members in July 2018. IGF MEDICAL COMMISSION & ANTI-DOPING COMMITTEE 11 IGF Biennial Report 2017-18

IGF Medical Provide event coverage (staffing) and spectators for the Olympic Games Commission Provide a centralised consultation to Discuss medical policy and all Tours to encourage harmonisation Ensuring a healthy sport procedures for the Olympic across the sport (TUEs, anti-doping, The IGF Medical Commission Games, in particular working with onsite care and medical issues provides medical advice to the the Organising Committee and across Tours) IGF and deals with all medical defining requirements for athletes issues enabling or encouraging participation in golf as a safe Medical Commission Members and healthy sport. DR ANDREW MURRAY DR TOM HOSPEL (EUROPEAN TOUR) The mission for the IGF Medical LEAD (PGA TOUR) DR BRUCE THOMAS Commission for the coming years is to: DR ROGER HAWKES (LPGA) (EUROPEAN Work with the IGF Anti-Doping DISABLED GOLF DR MARK WOTHERSPOON ASSOCIATION) (LADIES EUROPEAN TOUR) Committee to provide medical consultation and advice and to DR STUART LLOYD DR PATRICK SCHAMASCH assist in the harmonisation of (THE R&A)* (IGF ADVISOR)

anti-doping processes, for example DR JONATHON LAVELLE *Announced that he will be unable the Therapeutic Use Exemptions (THE R&A) to continue his mandate as a member (TUE) process of the IGF Medical Commission in 2018.

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Medical Commission Meetings 13 January 2017

6 May 2017 The IGF Medical Commission IOC consensus met on the following occasions 15 November 2017 on sex reassignment and hyperandrogenism 7 May 2018

The IOC final Model Transgender Regulations and Transgender Pre-Participation Electronic Guidelines were received. These are Evaluation (PPE) Medical Record not mandatory; instead, noting the differences between sports, it is up to The commission discussed the option All IGF Commission members each IF to decide whether it needs to of developing a Pre-Competition recognise the huge benefit that one issue regulations on this topic and, if so, Medical Assessment to be filled in single Electronic Medical Record what specific regulations are necessary, by golf caddies on the same model (EMR) system would bring to golf, given the particular characteristics and as FIFA implemented for its referees and especially golf players, making requirements of its sport. and assistant referees. Currently, the researches and recording data all over IGF is not set up administratively to the world. The commission is currently The Model Transgender Regulations mandate such pre-competition testing, assessing an EMR solution proposed by represent one possible approach to but it is recommended that fitness Performance Sports Network (PSN), as regulation in this area, which an IF testing of caddies a year before the well as approaching other companies can adopt, making any amendments Olympic Games should be developed that are active in the area to explore required to adapt these regulations for for adoption by the Tours. different options. its sport appropriately. IGF MEDICAL COMMISSION & ANTI-DOPING COMMITTEE 11 IGF Biennial Report 2017-18

IGF Anti-Doping This process aimed to ensure that signatories have incorporated all Committee mandatory elements of the Code and International Standards in their rules Keeping golf clean or legislation and implemented the IGF Anti-Doping required anti-doping programmes. Committee Members The IGF Anti-Doping Committee advises the IGF on all matters relating The IGF submitted WADA’s online self- to anti-doping and ensures that the assessment compliance survey on 20 DAVID GARLAND IGF and events under its authority May 2017 and received feedback on (EUROPEAN TOUR) are compliant with the World Anti- 14 November 2017. JOSH KANE Doping Code. (LPGA) This feedback included 19 required DAVIDE LANTOS IGF Compliance actions, of which six were “critical”, (LADIES EUROPEAN TOUR) with WADA Code seven were “high priority” and six were “important”. All actions were ANDY LEVINSON (PGA TOUR) In 2017, WADA issued a requirement implemented by the required deadlines. for all Code Signatories to complete an GRANT MOIR online self-assessment questionnaire The IGF has since received written (THE R&A)

(“Compliance Questionnaire”), notification from WADA that it is DR PATRICK SCHAMASCH comprising of 300 questions, to report compliant with the WADA code and that (IGF ADVISOR) on Code compliance obligations. it has satisfied all of its requirements. IGF GOLFERS WITH DISABILITIES COMMITTEE 12 IGF Biennial Report 2017-18

The IGF Golfers with Disabilities IGF Golfers IGF Golfers Committee is an advisory body with Disabilities appointed by the Board that was with Disabilities Committee Members established to advise on all matters Committee related to disabled golf. Supporting golf for all TONY BENNET In 2017 and 2018, its activities included: (EUROPEAN DISABLED The IGF continues to promote GOLF ASSOCIATION) and encourage participation in Reviewing and discussing an IGF KEVIN BARKER statement on disabled golf. The disabled golf. (THE R&A) main purpose of this statement is SIMEON HART to encourage National Federation (WORLD DEAF Members (NFMs) to take on their GOLF ASSOCIATION) “political responsibility” to integrate FREDRIK LINDGREN golfers with disability and existing (EUROPEAN disability organisations within their TOUR) 98% federation and to ultimately develop BETH MAJOR and support an elite pathway for (USGA) Of National Federations disabled events. The statement support golf’s inclusion MIDORI MIYAZAKI was then circulated to the IGF in the Paralympic (HANDA ISPS) membership for support. Games programme Working with the European

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Disabled Golf Association (EDGA) would all earn Golfers with Disability Forming a Paralympic Bid sub- to develop guidelines for NFMs on World Ranking points and ultimately committee to develop the bid how to integrate disabled bodies participation at a Pan Disability documentation for golf’s inclusion and players within their federation World Championship. The IGF is in the Paralympic programme for the and how to run disabled golf events. committed to organising this event Paris 2024 Paralympic Games. in 2022. Conducting a survey with NFMs on golfers with disabilities, which demonstrated tremendous support for both the IGF’s Statement on Golf for the Disabled and for the 33 IGF committing to a bid for inclusion on the 2024 Paralympic Games At least programme, with a 98% ‘yes’ 33 National response to these questions. Federations currently Discussing a proposal from the hold national EDGA to create the “World Series for championships Golfers with Disability”. This proposal for golfers includes the selection/development with of Pan Disability National Opens disabilities

and existing international Handicap Image courtesy of Jana Brábníková for the European Association (www.edgagolf.com) Disabled Golf Championships, whose participants IOC RELATIONS 13 IGF Biennial Report 2017-18

To ensure a close working partnership than stakeholders. between the two organisations, the IGF attends regular meetings with the IOC The Executive Director has been Director of Sport, Kit McConnell, and appointed by the IOC President the IOC Olympic Games Executive to the new Digital and Technology Director, Christophe Dubi. Commission, which has been created to advise the IOC Session, In addition, during 2017 and 2018, the the IOC Executive Board and the IOC Relations relationship was further strengthened IOC President on issues relating through the following activities: to the effective and secure use of Building a strong partnership digital and information technologies. The IGF continues to work closely The Executive Director has with the International Olympic attended regular meetings at the The President and the Executive Committee, forging a successful IOC Headquarters as a member attended the historic 131st IOC partnership for Olympic golf. of the IF Engagement Working Session in Lima, Peru, which saw Group, which aims to ensure a the simultaneous awarding of the strong and collaborative partnership 2024 and 2028 Olympic Games to Since re-joining the Olympic programme between the IOC and IFs for future Paris and Los Angeles respectively, in 2009, the IGF’s relationship with the Games, with the IFs increasingly as well as the confirmation of golf’s IOC has gone from strength to strength. becoming delivery partners, rather place at the 2024 Games. ASOIF RELATIONS 14 IGF Biennial Report 2017-18

ASOIF Relations the ASOIF Olympic & Multisport Games Advisory Group focusing Working together for sport on the Games Delivery Plan and As a member of the Association of Summer Olympic International IOC Games Management for Tokyo Federations, the IGF is committed to working with other IFs towards 2020. common interests and goals. IGF Board member Ms Nicki Hirayama and Swiss Golf Association Director General Ms Barbara The Association of Summer Olympic In addition, during 2017 and 2018, Albisetti attended the 2017 ASOIF International Federations (ASOIF) the IGF was involved in the following Women in Sport Forum on the IGF’s aims to unite, promote and support all activities: behalf, while the Executive Director of the International Summer Olympic attended the 2018 edition. Federations, while also representing The Executive Director attended the them on issues of common interest in IF Forum held from 8-11 November The Executive Director has the Summer Olympic Games and the 2017 in Lausanne and presented a attended the meetings of the ASOIF Olympic Movement. case study on golf’s sustainability Commercial Advisory Group (CAG), practices in action through the Rio of which he is a member. As a member of ASOIF, the IGF Olympic Golf Course. Executive Director holds regular Dr Kyle Phillpots represented the meetings with the ASOIF Executive The Executive Director has IGF at the ASOIF Sport Development Director, Andrew Ryan, and the ASOIF participated in a number of Education Group (ASDEG) Forum President, Francesco Ricci Bitti. meetings between the IOC and in Lausanne in May 2017. GAISF RELATIONS 15 IGF Biennial Report 2017-18

GAISF Since then, SportAccord has been between the two organisations, with rebranded as the Global Association clarity on the roles and responsibilities Relations of International Sports Federations of both bodies in relation to support for (GAISF) and, under the leadership of IFs and the organisation of multi-sport A new beginning International Basketball Federation events. Following a tumultuous period, Secretary General Mr Patrick Baumann, SportAccord has been reborn now features a new constitution. Following IGF Board approval at its as the Global Association of December 2017 meeting, the IGF International Sports Federations Its mandate is to provide services to reapplied and was granted membership IFs to foster their development; host of the GAISF. (GAISF), leading to the IGF the SportAcccord Convention (via the reapplying for membership. SportAccord Convention Association); and organise multi-sport games events for the benefit of the IFs. The IGF formally ceased its membership of SportAccord in 2015 in support of the On 8 November 2017, a new agreement IOC, following controversial comments between the IOC and GAISF was signed, made by then SportAccord President providing a stable and sustainable Marius Vizer. framework for strengthened cooperation IPC RELATIONS 16 IGF Biennial Report 2017-18

IPC Relations On 4 October 2017, the IGF received golfing world to design a study that written notification from the International demonstrates the impairment that Bidding for Paralympic inclusion Paralympic Committee (IPC) confirming players with lower limb amputations The IGF continues to work that it had met all their requirements for have, compared with able bodied closely with the International a two-year renewal of the IGF’s status golfers, as required by the IPC. Paralympic Committee as it as an IPC recognised International seeks golf’s inclusion in the Paris Federation for golf. Submitting to the IPC the Declaration of Intent to apply for Inclusion of a New 2024 Paralympic Games. The IGF continues to pursue golf’s Sport for the Paris 2024 Paralympic inclusion on the para-sports programme Games on 21 November 2017. In of the Paris 2024 Paralympic Games. January 2018, the IPC Committee During 2017 and 2018, this included: reviewed the IGF’s submission and selected the IGF to progress to Submitting the IPC Athlete Phase Two of the selection process. Classification Code compliance survey on 30 June 2017, specifying Submitting the Paralympic Games eligible impairments and minimal Sport Programme questionnaire impairment criteria, supported by to the IPC on 9 July 2018. The evidenced-based research. The IGF IPC Governing Board will confirm has since received a letter from the which sports meet their technical IPC granting provisional compliance. requirements in September 2018 and in January 2019 will decide on Working with leading scientists in the the final programme. Image courtesy of the International Paralympic Committee IGF MEMBERSHIPS 17 IGF Biennial Report 2017-18

IGF Memberships Spreading the game throughout the world 116 > 151 IGF membership continues THE GROWTH IN NATIONAL FEDERATIONS SINCE 2009, to grow around the world, as WHEN GOLF RETURNED TO THE OLYMPIC PROGRAMME more National Federations gain recognitions.

Since re-joining the Olympic programme in 2009, the IGF’s membership has witnessed phenomenal growth.

The IGF is now composed of 151 National Federation members, from 146 National Olympic Committees, following the Administrative Committee’s acceptance of Andorra. In addition, the IGF has granted membership to 22 professional golf organisations. IGF GOVERNANCE 18 IGF Biennial Report 2017-18

IGF Governance IGF Constitution, The IGF National Federation Members Policies & Charters will be asked to approve these changes Ensuring integrity at the Biennial meeting on 3 September and credibility A thorough review of the IGF Constitution 2018, while the IGF Professional The IGF continues to evolve and the IGF’s policies and committee Members have been sent the written its governance practices and charters was recently concluded with resolution by email for approval of the structures. good governance principles in mind. proposed changes by 3 September 2018. Proposals for changes to the Given the continuing evolution of good Constitution have been presented to ASOIF Governance Task Force governance practice, the IGF regularly the IGF Board and to the Administrative IF Self-Assessment Governance reviews its governance structures to Committee for review and comment. Questionnaire optimise and monitor its performance, ensure more effective decision-making, The IGF National Federation Members The ASOIF Governance Taskforce (GTF) and demonstrate transparency, have been provided with a summary – which is composed of International accountability and responsibility. of the proposed changes and the Federation representatives, governance explanations supporting these to experts, and the IOC – developed an IF- During 2017 and 2018, these measures assist them with their assessment of assisted self-assessment governance included the following activities: the proposals. questionnaire to assess the current

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global situation for its members.

These were completed by the IGF and submitted in January 2017 and 2018, with the Board able to report that overall the IGF is “clearly in Group A” across all 28 IFs.

The Role of the IGF: A Strategic Review

Following the consolidation of golf’s position within the Olympic Movement and the Olympic programme, the IGF The Executive Director recently meeting. Once these are agreed, the Board and administration are currently presented the IGF Board with revised administration will develop the strategies undertaking a strategic review of the Vision and Mission Statements that that are required for achieving them IGF’s role moving forward through to reflected the discussions and input and then present these to the Board 2025. from the Board during the April Board for comment and approval. OLYMPIC GAMES RIO 2016 19 IGF Biennial Report 2017-18

Olympic return well worth the wait Expectations were high for the first Olympic golf tournaments in more than a century, and Rio 2016 delivered spectacularly – with some captivating action on the course and a lasting legacy for years to come.

After an absence of 112 years, golf two eagles, to take a slender one-stroke made a triumphant return to the Olympic lead over his Ryder Cup team-mate, Games at Rio 2016 with two thrilling and the pair continued to trade birdies tournaments. throughout an enthralling final day.

In the men’s event, Great Britain’s By the time they reached the Justin Rose clinched gold ahead of tournament’s 72nd hole, they were tied Sweden’s Henrik Stenson following an at 15-under, with the fight for the gold epic duel in the final round. Rose had medal coming down to the 522-metre fired a third-round 65, which included (571-yard) par-five 18th. Both players

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hit their second shots short of the green, with Stenson’s approach then leaving him with a testing 23-foot birdie putt. Rose, meanwhile, struck a superb pitch that spun and stopped just six feet from the hole. With Stenson hitting his first putt past the hole and missing from eight feet for par, Rose calmly sunk his birdie to become the first men’s Olympic golf champion for 112 years.

“That felt better than anything I’ve ever won,” exclaimed the Briton, who clinched one of golf’s Major titles at the US Open in 2013. “Coming up with that at the last hole when I needed it was magical.”

The women’s event was no-less entertaining, with the Republic of Korea’s OLYMPIC GAMES RIO 2016 19 IGF Biennial Report 2017-18

– a six-under-par 65 – to move into a tie for second place.

Ko was no match for her Korean rival in the final round, however, as Park fired a 66 to secure a hugely impressive five- stroke victory. In a tight contest for the silver medal, Ko birdied the 18th hole to edge out China’s Shanshan Feng by one stroke.

“I have won many tournaments but Inbee Park underlining her status as Park shot a second successive 66 to I have never felt this before,” said one of the greatest female players of take a two-stroke lead over American an ecstatic Park afterwards. “I feel her generation as she captured gold Stacy Lewis in round two. A one-under extremely honoured and proud to with a stunning performance. 70 saw the seven-time Major champion have won a gold medal in the Olympic maintain that advantage in round two, Games. It’s really incredible. I’m so Trailing Thailand’s Ariya Jutanugarn as New Zealand’s world number one happy to climb up to that top step of by one stroke after the opening round, Lydia Ko shot the low round of the day the podium.” OLYMPIC GAMES RIO 2016 19 IGF Biennial Report 2017-18

What they said… “This event has gone fantastically well with amazing support from the crowds.” “It’s a whole new experience for us as MATT KUCHAR (USA) golfers, participating MEN’S BRONZE MEDALLIST here, and it’s been fun. I’m really happy. It’s memories of a lifetime being here competing.”

HENRIK STENSON (SWEDEN) MEN’S SILVER MEDALLIST

“It’s a special, “It’s been the best tournament special week, of my life. It felt like a cross and something between a golf tournament I’m going to and a carnival. It was unique, remember forever.” incredible!” RICKIE FOWLER (USA) JUSTIN ROSE (GREAT BRITAIN) MEN’S GOLD MEDALLIST OLYMPIC GAMES RIO 2016 19 IGF Biennial Report 2017-18

“To see other New Zealand athletes come out and support “I’ve won majors, but I “The bronze medal means me has been amazing. That’s haven’t won a gold medal. a lot to me, because this is been one of the greatest In the Olympic Games, golf back in the Olympics memories of the week. It is an you get to only do it once after over a hundred inspiration and is, I think, what every four years, so this years, and the first time the Olympics is all about.” feels very, very special.” that a Chinese athlete is competing in this event.” LYDIA KO (NEW ZEALAND) WOMEN’S SILVER MEDALLIST INBEE PARK (REPUBLIC OF KOREA) SHANSHAN FENG (CHINA) WOMEN’S GOLD MEDALLIST WOMEN’S BRONZE MEDALLIST

“I’ve played in the Youth Olympics and it made me want to play in the Olympics as well. Getting the experience and playing for India and trying to win a medal for my country – it doesn’t get better than that.”

ADITI ASHOK (INDIA) OLYMPIC GAMES RIO 2016 19 IGF Biennial Report 2017-18

Did you know?

4.311 97 248.3 The par-4 12th played as the most difficult The par-5 5th was statistically the easiest The USA’s Lexi Thompson led the women’s hole during the men’s tournament, hole during the women’s tournament, field in driving distance, averaging 248.3 with a scoring average of 4.311 giving up seven eagles and 97 birdies, metres (271.5 yards) off the tee with a scoring average of 4.668

116 62 The par-5 5th was statistically 1st Maria Verchenova’s final-round 62 was the easiest hole during the men’s Justin Rose’s ace on the par-3 the lowest score recorded during the tournament, giving up nine eagles 4th hole during the first round was the women’s tournament, helping to move and 116 birdies, with a scoring first hole-in-one ever recorded at the the Russian 25 places up the leaderboard average of 4.525 Olympic Games into a tie for 16th

4.424 280.4 63 In the women’s tournament, Belgium’s Nicolas Colsaerts led the men’s The lowest round recorded during the the most difficult hole was the par-4 field in driving distance, averaging 280.4 men’s tournament was 63 – shot by second, with a scoring average of 4.424 metres (306.6 yards) off the tee Australia’s Marcus Fraser and the USA’s Matt Kuchar OLYMPIC GAMES RIO 2016 19 IGF Biennial Report 2017-18

A lasting legacy

While golf’s return to the Olympic Games was a historic moment, the legacy created in the host city was just as significant.

With a stunning new golf course built especially for the Games and designed by one of the game’s preeminent course architects, Rio de Janeiro now has a truly world-class public facility that can played a key role in driving grassroots the true legacy of the golf course, the help grow the game in Brazil. participation within Rio. access to everyone.”

On 1 October 2016, less than two “The great legacy is that any citizen, A key part of the construction of the months after the conclusion of the rich or poor, can come here and get in course was also the environmental Olympic golf tournaments, the course contact with the sport,” explains course legacy it created, with 44 hectares opened to the public and since then has director Carolos Favoreto. “This is of new native vegetation restored OLYMPIC GAMES RIO 2016 19 IGF Biennial Report 2017-18

44 on the reclaimed land. The project cent of the area was covered by native HECTARES OF NEW NATIVE involved the planting of approximately vegetation and 118 species of plants VEGETATION RESTORED 650,000 seedlings to help rejuvenate and wildlife had been catalogued; the area, improving the ecosystem but on completion those figures had with native flora and fauna. Prior to the increased to 67 per cent and 245 construction of the course, only 10 per species respectively, making it one of the biggest environmental rejuvenation 650,000 projects undertaken in the country. SEEDLINGS PLANTED TO REJUVENATE THE AREA Since the conclusion of the Games, the ongoing environmental restoration on and around the golf course has seen it recognised with certification from the respected GEO Certified® Development 245 organisation, while a new education NATIVE SPECIES OF PLANTS programme has been introduced to local AND WILDLIFE INCREASED primary schools to encourage them FROM 118 TO 245 to learn about the environment while trying golf. WATC 2016 20 IGF Biennial Report 2017-18

Korea and Australia claim WATC spoils The 2016 edition of the World Amateur Team Championships (WATC) set the stage for record performances from the Republic of Korea women’s team and Australia men’s team.

The world’s leading amateur golfers Federation – in March 2015, November Santo Trophy by a record-equalling gathered in Riviera Maya, Mexico, 2015 and May 2016. margin with a 72-hole total of 29-under- to take part in the 2016 WATC and par 547. Switzerland finished second at compete for the Eisenhower Trophy Monthly project review teleconference 8-under 568, while Ireland came third (men) and the Espirito Santo Trophy meetings were also held between at 7-under 569. (women). the IGF and GUI to monitor planning milestones, resolve any issues and Korea’s 21-stroke margin of victory Prior to the Championships, a identify and mitigate any potential risks. tied the championship record set by delegation from the IGF, R&A and the USA in Chile in 1998, while the USGA conducted three site visits and On the course, the Republic of Korea country has now won seven medals project reviews with the Mexican Golf women’s team won its fourth Espirito from their 14 appearances at the

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“We did really well last time (when England won the silver medal at 553, finishing third in 2014), but we couldn’t following a final-round 6-under 136, do as well as we hoped,” said Choi. while Austria and Ireland shared the “But this time we really did our best bronze medal after finishing one stroke and we performed really well, so I am back at 554. very happy now.” No less than 19 of the top 25 golfers in the In the men’s event, Australians World Amateur Golf Ranking featured Cameron Davis and Curtis Luck tied in the four-day Championships, with WATC (four gold, two silver, one bronze). the 72-hole scoring record to claim their Davis carding the lowest individual Only the USA, with 13, has won more country’s fourth Eisenhower Trophy by gold medals. 19 strokes.

On the par-72 Mayakoka El Camaleon It was Australia’s first victory in the Golf Club, Korea secured the 2016 WATC since 1996, with Davis and gold after Hye Jin Choi, 17, and Min Ji Luck’s 38-under-par 534 total tying the Park, 16, each shot 5-under-par 67s to record established by the USA in 2014. post a final-round 134, having held a Their 19-stroke victory margin was also 14-stroke lead after three rounds. the third largest in championship history. WATC 2016 20 IGF Biennial Report 2017-18

score at 17-under 269, having been The 2018 WATC will be played at Carton the only player in the field to shoot all House Golf Club in Dublin, Ireland, with four rounds in the 60s. the women’s event taking place from 29 August to 1 September and the men “This is by far the best I have played in playing from 5-8 September. such a big tournament,” said Davis, the 2015 Australian Amateur Champion. A presentation by the Golfing Union “It was just an honour to be in this of Ireland and Irish Ladies Union on tournament in the first place and the progress of their planning and representing my country, but to come organisation of the 2018 WATC was away with a win is pretty special.” provided during the 2016 IGF Biennial 2020 in Hong Kong and, with it just meeting in Mexico. coming after the Olympic Games Tokyo 2020, it will be a great period for golf During the meeting, The Hong Kong in Asia,” said IGF Executive Director Golf Club in Hong Kong, China, was also Antony Scanlon. “Hong Kong is a long selected as the site of the 2020 WATC. and loyal proponent of golf. The courses will prove to be a tremendous “We are excited to have the World challenge to the best amateur players Amateur Team Championships in in the world.” WATC 2016 20 IGF Biennial Report 2017-18

2016 Eisenhower 2016 Espirito Santo Trophy in Numbers Trophy in Numbers

th rd th 30 57 3 27 54 29 Staging of Age of the oldest Largest winning Staging of Age of the Under par the event competitor margin in the event oldest winning score (Manuel WATC history competitor 71 Jimenez, 55 (Rose Tarpley, 66 Teams Costa Rica) 38 Teams Guam) Lowest round Under par of the 19 15 winning score 12 13 tournament Of the top- Age of the Of the Age of the (Puk Lyng 25 golfers youngest 63 top-25 golfers youngest Thomsen, in the World competitors Lowest round in the competitor Denmark, Amateur Golf (Jean-Philippe of the Women’s (Elvira Naomi Ko, Ranking™ Mehu, Haiti, tournament World Rastvortseva, Canada) Kshitij Naveed (Curtis Luck, Amateur Golf Ukraine) th 4 Kaul, India, Australia) Ranking™ 4 First-time Panagiotis 21 WATC victory th participants Pantazopoulos, 4 2 Stroke winning for Republic (Armenia, Haiti, Greece) WATC victory First-time margin for of Korea Republic for Australia participants Republic (1996, 2010, of Moldova, 19 (1958, 1966, (Bulgaria, of Korea 2012, 2016) Republic Stroke winning 1996, 2016) Morocco) of Kazakhstan) margin for Australia YOG BUENOS AIRES 2018 21 IGF Biennial Report 2017-18

Buenos Aires ready for next generation of champions

Following its successful debut at the Youth Olympic Golf will feature three events at the Games (YOG) Nanjing 2014, golf will once again be YOG Buenos Aires 2018, just as it did part of the sports programme at the 3rd Summer in Nanjing: individual 54-hole stroke- YOG, which will be held in Buenos Aires from 6-18 play events for men and women aged October 2018. 15-18, and a 54-hole mixed gender team event.

The decision to keep the same events, formats and age groups as the YOG Nanjing 2014 was made by the IGF Administrative Committee following a full review of the YOG, and was approved by the IOC Executive Board.

The tournaments will be held at the historic Hurlingham Club in Buenos Aires, which first opened as a nine- hole course in 1892 before adding a further nine in 1922. The course has previously hosted many important tournaments, including several

READ MORE YOG BUENOS AIRES 2018 21 IGF Biennial Report 2017-18

Nanjing 2014: Where are they now?

Renato Paratore Supamas Sangchan Men’s gold medallist, mixed team Women’s bronze medallist editions of the Argentine Open, with past bronze medallist Won the Sanya Ladies Open on the winners at the Hurlingham including The Italian has since gone on to Ladies European Tour in 2016 Major champions Ángel Cabrera and win the 2017 Nordea Masters on the European Tour Emily Kristine Pedersen Roberto De Vicenzo. Sixth in women’s event Marcus Kinhult Won the 2015 Women’s Indian The men’s and women’s events at Men’s silver medallist, mixed Open on the Ladies European tour the 2018 YOG will each feature 32 team gold medallist players. The top 26 National Olympic Qualified for the European Aditi Ashok Tour in 2018 and has so far 11th in women’s event Committees (NOCs) on the Youth enjoyed two top-10 finishes The Indian is now a three-time Olympic Golf Rankings will be eligible winner on the Ladies European to enter one man and one woman, while Danthai Boonma Tour and competed at the a total of 10 Universality Places will also Men’s bronze medallist Olympic Games Rio 2016 be allocated to five eligible NOCs. In A regular competitor on the addition, Argentina will automatically Asian Tour who won the World Classic Championship in 2015 qualify one man and one woman as the host country. OLYMPIC GAMES TOKYO 2020 22 IGF Biennial Report 2017-18

Stage set for spectacular Tokyo tournaments

Excitement continues to build National Olympic Committee (NOC). which was confirmed as the Olympic for the golf tournaments at the Beyond the top 15, players will be venue by the IOC Executive Board at Olympic Games Tokyo 2020, eligible based on the world rankings, its February 2015 meeting. following the sport’s successful with a maximum of two eligible players return to the Olympic Games at from each NOC that does not already The historic course, which lies 45km have two or more players among the from Tokyo city centre and first opened Rio 2016. top 15. for play in 1929, has previously hosted several major events, including the The Tokyo 2020 golf events will be 1957 World Cup of Golf – then known The men’s and women’s golf events held at the Kasumigaseki Country Club, as the Canada Cup – which featured at the Olympic Games Tokyo 2020 will follow the same format as they did in Brazil four years earlier, with each featuring 60 of the world’s best players competing over 72 holes of individual stroke play.

Qualification will again be based on the official world golf rankings, with the top 15 players qualifying automatically and a limit of four players from any given

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Tokyo 2020 in Numbers future World Golf Hall of Fame players regarding the quality of the design such as Gary Player, Sam Snead, 24 July – 9 August 2020 and construction and the grow-in of Jimmy Demaret and Peter Thomson. the newly laid turf on the course were It has also hosted four editions of the extremely encouraging. Japan Open – in 1933, 1956, 1995, 2 and 2006 – as well as the 2010 Asian GOLF EVENTS The stage is now well and truly set Amateur Championship, when Japan’s Men’s event Women’s event for two more superb Olympic golf Hideki Matsuyama secured a five- 30 July 5-8 tournaments in 2020. stroke victory on home soil. – 2 August August

Following an initial suitability assessment 72 by the IGF, the Kasumigaseki Country After Fazio Design was appointed in Holes of individual stroke play Club’s East Course has been modified June 2015, the IGF conducted three for each event ahead of the Olympic Games by homologation visits – in October 2015, Fazio Design, an architecture firm February 2016 and July 2016. Each 120 25,000 that has previously remodelled Major of these visits assessed the progress Golfers Spectators championship courses such as that had been achieved in the areas expected Oakmont, Merion, Winged Foot and of renovation as outlined in the IGF each day Quail Hollow. Homologation Manual, and the reports IGF FINANCIAL REPORT 2016 23 IGF Biennial Report 2017-18

Report of the auditor to the Members of International Golf Federation (IGF) on the financial statements 2016

Report of the auditor to the requirements of Swiss law. This based on our audit. We conducted our Members of International Golf responsibility includes designing, audit in accordance with Swiss Auditing Federation (IGF) implementing and maintaining an Standards. Those standards require Lausanne internal control system relevant to the that we plan and perform the audit to preparation of financial statements that obtain reasonable assurance whether On your instructions, we have audited are free from material misstatement, the financial statements are free from the financial statements of International whether due to fraud or error. material misstatement. Golf Federation (IGF) (“the Company”), The Board of Directors is further which comprise the balance sheet, responsible for selecting and applying An audit involves performing procedures income statement and notes, for the appropriate accounting policies and to obtain audit evidence about the year ended 31 December 2016. making accounting estimates that are amounts and disclosures in the financial reasonable in the circumstances. statements. The procedures selected Board of Directors’ responsibility depend on the auditor’s judgment, Auditor’s responsibility including the assessment of the The Board of Directors is responsible risks of material misstatement of the for the preparation of the financial Our responsibility is to express an financial statements, whether due to statements in accordance with the opinion on these financial statements fraud or error. In making those risk

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assessments, the auditor considers Opinion the internal control system relevant to the entity’s preparation of the financial In our opinion, the financial statements statements in order to design audit for the year ended 31 December 2016 procedures that are appropriate in the comply with Swiss law. circumstances, but not for the purpose of expressing an opinion on the existence and effectiveness of the entity’s internal control system. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting PricewaterhouseCoopers SA estimates made, as well as evaluating the overall presentation of the financial Guillaume Nayet statements. We believe that the audit Audit expert evidence we have obtained is sufficient Lausanne, 26 June 2017 and appropriate to provide a basis for Jacinto Figueiredo Enclosure: Financial statements (balance our audit opinion. Audit expert sheet, income statement and notes) IGF FINANCIAL REPORT 2016 23 IGF Biennial Report 2017-18

2016 2015 2016 2015 NOTES CHF CHF USD USD ASSETS CURRENT ASSETS Cash at bank and in hand 12'042'237 895'621 11'816'084 903'673 Accounts receivable 21'505 9'026 21'101 9'107 Prepaid expenses & other assets 3 1'526'754 1'024'072 1'498'082 1'033'279 13'590'496 1'928'720 13'335'267 1'946'059 FIXED ASSETS Tangible fixed assets 4 3'632 7'002 3'564 7'065 Balance sheet Intangible fixed assets 5 0 105 0 106 at December 31 3'632 7'108 3'564 7'172 TOTAL ASSETS 13'594'128 1'935'828 13'338'831 1'953'231 In Swiss Francs LIABILITIES AND FUNDS with convenience CURRENT LIABILITIES translation into Accounts payable 459'902 477'499 451'265 481'792 US Dollar Accrued and other payables 6 1'627'507 621'604 1'596'943 627'193 Short term loans 8 8'016'041 0 7'865'500 0 Deferred income 7 0 110'294 0 111'285 10'103'450 1'209'397 9'913'708 1'220'270 NON-CURRENT LIABILITIES Subordinated long term loans 8 0 6'396'000 0 6'453'500 0 6'396'000 0 6'453'500 FUNDS Accumulated income/(losses) 8 3'490'678 - 5'669'570 3'425'123 - 5'720'539 TOTAL LIABILITIES AND FUNDS 13'594'128 1'935'828 13'338'831 1'953'231 IGF FINANCIAL REPORT 2016 23 IGF Biennial Report 2017-18

2016 2015 2016 2015 NOTES CHF CHF USD USD INCOME IOC contribution 13'247'565 67'317 13'047'526 70'000 Financial income 0 0 0 0 Subscription for Championship 106'293 0 104'688 0 Sponsorship 131'993 0 130'000 0 Other income 257'227 22'391 253'343 23'283 Statement 13'743'078 89'708 13'535'557 93'283 of income and EXPENDITURE Staff costs 9 941'284 862'053 927'071 896'406 expenditure for Travel and representation 260'731 191'585 256'794 199'219 the years 2015 Olympic Games related expenditures 2'516'080 0 2'478'087 0 and 2016 YOG relative expenses -2'719 0 - 2'678 0 In Swiss Francs Marketing and communication 49'604 57'158 48'855 59'436 with convenience Office costs 117'203 85'770 115'433 89'188 Fees 237'642 122'624 234'054 127'510 translation into Interest expenses 235'045 175'326 231'495 182'313 US Dollar Exchange loss/(gain) 26'759 27'600 26'355 28'713 Translation adjustment 125'631 50'735 0 0 Other expenditure 72'726 9'263 71'627 9'632 Amortisation 2'844 10'155 2'802 10'560 4'582'830 1'592'269 4'389'895 1'602'977 EXCESS OF INCOME OVER EXPENDITURE (EXPENDITURE 9'160'248 -1'502'560 9'145'662 -1'509'694 OVER INCOME) FOR THE YEAR Accumulated loss at beginning - 5'669'570 - 4'167'009 - 5'720'540 - 4'210'846 ACCUMULATED INCOME/(LOSS) 3'490'678 - 5'669'570 3'425'122 - 5'720'540 AT END OF THE PERIOD IGF FINANCIAL REPORT 2016 23 IGF Biennial Report 2017-18

Notes to the financial of the world by organising biennially accounting in preparing the financial statements 2016 and 2015 amateur team championships for statements. In Swiss Francs with the Eisenhower Trophy (for men) convenience translation and the Espirito Santo trophy 2.2 Fixed assets into US Dollar (for women); Fixed assets are stated at acquisition c. to promote golf as an Olympic cost. When assets are retired or sport; and otherwise disposed of, the cost of the d. to act as the International Federation asset and the related accumulated 1. Activity for golf in the Olympic Games and depreciation are removed from thereby to establish and enforce, in the accounts. Any profit or loss on The International Golf Federation accordance with the Olympic spirit, retirement is reflected in the earnings (IGF) is the world-wide Golf sports the rules concerning the playing for the period. organisation, the headquarters of of golf in the Olympic Games and which are located in Lausanne, to fulfil in respect of the sport of 2.3 Depreciation Switzerland. golf the mission and role of an Depreciation is calculated on the International Federation within the basis of the cost of the assets The objectives of International Golf Olympic movement. and on their estimated useful lives Federation are: using the reducing balance 2. Summary of significant method. a. to encourage the international accounting policies development of the sport of golf; 2.4 Deferred income b. to foster friendship and 2.1 Basis of accounting Any funds received for events sportmanship among the peoples IGF uses the accruals basis of to be held in the future, where IGF FINANCIAL REPORT 2016 23 IGF Biennial Report 2017-18

reimbursement of these funds would for presentation purpose into Swiss converted using the average be necessary in the case of event Francs as of the year end. Assets exchange rate over the period. The cancellation, are deferred in the and liabilities are converted using difference arising from the conversion balance sheet and not recognised the exchange rate at the year end is recognised as exchange gain or as income until the event for which whereas elements of the statement loss of the period in the statement the funds were received has taken of income and expenditure are of income and expenditure. place.

2.5 Accounting for foreign currencies 2016 2015 2012 2016 2015 The functional currency of IGF is CHF CHF CHF USD USD 3. PREPAID EXPENSES the US Dollar. Assets and liabilities AND OTHER CURRENT ASSETS denominated in currencies other Accrued income 1'505'805 0 8'875 1'477'526 0 than US Dollar are recorded based Prepaid taxes 0 2'513 8'875 0 2'536 on exchange rates ruling at the year- Rio prepaid expenses 0 981'467 0 0 990'290 end. Transactions denominated in Other prepaid expenditures 20'949 40'092 5'921 20'556 40'453 1’526’754 1'024'072 14'795 1'498'082 1'033'279 other than US Dollar are recorded 4. TANGIBLE FIXED ASSETS, at average rates for the year. All NET OF DEPRECIATION exchange losses and realised IT equipment 493 727 4'249 484 734 exchange gains are recognised Furnitures and office equipment 3'139 6'275 24'800 3'080 6'332 in the statement of income and 3'632 7'002 29'050 3'564 7'065 5. INTANGIBLE FIXED ASSETS, expenditure. NET OF DEPRECIATION Software 0 105 600 0 106 Financial statements are converted 0 105 600 0 106 IGF FINANCIAL REPORT 2016 23 IGF Biennial Report 2017-18

2016 2015 2012 2016 2015 CHF CHF CHF USD USD 6. ACCRUED AND OTHER PAYABLES Social charges 20'958 64'044 5'112 20'564 64'619 Interest accrual 735'664 486'227 64'394 721'849 490'598 Other accruals 5'593 5'748 4'570 5'488 5'800 Other payables 865'292 65'586 80'358 849'042 66'175 1'627'507 621'604 154'434 1'596'943 627'192 7. DEFERRED INCOME Rio 2016 deferred income 0 110'294 0 111'285 0 110'294 4'570 0 111'285 8. SUBORDINATED LONG-TERM LOANS Europa Tour 1'235'197 1'002'983 319'874 1'212'000 1'012'000 LPGA 604'859 489'103 102'817 593'500 493'500 PGA of America 1'235'197 941'536 319'874 1'212'000 950'000 PGA Tour 1'235'197 1'002'983 228'482 1'212'000 1'012'000 R&A 1'235'197 1'002'983 319'874 1'212'000 1'012'000 USGA 1'235'197 1'002'983 319'874 1'212'000 1'012'000 Augusta National Golf Club 1'235'197 953'429 182'785 1'212'000 962'000 8'016'041 6'396'000 1'793'581 7'865'500 6'453'500 Accumulated losses are fully covered by the subordinated loans. 9. STAFF COSTS Gross salary 713’101 660'018 444'172 702'334 686'320 Social charges 140’073 110'057 105'057 137'957 114'443 Other staff costs 88’110 91'978 0 86'780 95'643 941’284 862'053 549'229 927'071 896'406 IGF FINANCIAL REPORT 2017 24 IGF Biennial Report 2017-18

Report of the auditor to the Board of Directors of International Golf Federation (IGF) on the financial statements 2017

Report of the auditor to the Board requirements of Swiss law. This based on our audit. We conducted our of Directors of International Golf responsibility includes designing, audit in accordance with Swiss Auditing Federation (IGF) implementing and maintaining an Standards. Those standards require Lausanne internal control system relevant to the that we plan and perform the audit to preparation of financial statements that obtain reasonable assurance whether On your instructions, we have audited are free from material misstatement, the financial statements are free from the financial statements of International whether due to fraud or error. material misstatement. Golf Federation (IGF) (“the Company”), The Board of Directors is further which comprise the balance sheet, responsible for selecting and applying An audit involves performing procedures income statement and notes, for the appropriate accounting policies and to obtain audit evidence about the year ended 31 December 2017. making accounting estimates that are amounts and disclosures in the reasonable in the circumstances. financial statements. The procedures Board of Directors’ responsibility selected depend on the auditor’s Auditor’s responsibility judgment, including the assessment The Board of Directors is responsible of the risks of material misstatement for the preparation of the financial Our responsibility is to express an of the financial statements, whether statements in accordance with the opinion on these financial statements due to fraud or error. In making those

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risk assessments, the auditor considers Opinion the internal control system relevant to the entity’s preparation of the financial In our opinion, the financial statements statements in order to design audit for the year ended 31 December 2017 procedures that are appropriate in the comply with Swiss law. circumstances, but not for the purpose of expressing an opinion on the existence and effectiveness of the entity’s internal control system. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting PricewaterhouseCoopers SA estimates made, as well as evaluating the overall presentation of the financial Guillaume Nayet statements. We believe that the audit Audit expert evidence we have obtained is sufficient Lausanne, 31 May 2018 and appropriate to provide a basis for Nicolas Daehler Enclosure: Financial statements (balance our audit opinion. Audit expert sheet, income statement and notes) IGF FINANCIAL REPORT 2017 24 IGF Biennial Report 2017-18

2017 2016 2017 2016 NOTES CHF CHF USD USD ASSETS CURRENT ASSETS Cash at bank and in hand 2'174'032 12'042'237 2'121'964 11'816'084 Accounts receivable 9'230 21'505 9'009 21'101 Prepaid expenses & other assets 3 80'769 1'526'754 78'835 1'498'081 2'264'031 13'590'496 2'209'807 13'335'266 FIXED ASSETS Tangible fixed assets 4 2'360 3'632 2'303 3'564 Balance sheet Intangible fixed assets 5 29'033 0 28'338 0 at December 31 31'393 3'632 30'641 3'564 TOTAL ASSETS 2'295'424 13'594'128 2'240'449 13'338'831 In Swiss Francs LIABILITIES AND FUNDS with convenience CURRENT LIABILITIES translation into Accounts payable 521'651 459'902 509'157 451'265 US Dollar Accrued and other payables 6 110'251 1'627'507 107'610 1'596'943 Short term loans 0 8'016'041 0 7'865'500 631'902 10'103'451 616'768 9'913'708 FUNDS Accumulated income/(losses) 7 1'663'523 3'490'678 1'623'681 3'425'123 TOTAL LIABILITIES AND FUNDS 2'295'424 13'594'128 2'240'449 13'338'831 IGF FINANCIAL REPORT 2017 24 IGF Biennial Report 2017-18

2017 2016 2017 2016 NOTES CHF CHF USD USD INCOME IOC contribution 71'107 13'247'564 70'000 13'047'526 Financial income 0 0 0 0 Subscription for Championship 0 106'293 0 104'688 Sponsorship 0 131'993 0 130'000 Other income 12'406 257'227 12'213 253'343 Statement of 83'514 13'743'078 82'213 13'535'557 income and EXPENDITURE Staff costs 8 1'034'089 941'284 1'017'989 927'071 expenditure for Travel and representation 209'279 260'731 206'020 256'794 the years 2017 Olympic Games related expenditures 48'834 2'516'080 48'073 2'478'087 and 2016 YOG relative expenses 0 -2'719 0 - 2'678 In Swiss Francs Marketing and communication 23'032 49'604 22'673 48'855 with convenience Office costs 99'673 117'203 98'122 115'433 Fees 198'624 237'642 195'532 234'054 translation into Interest expenses 1'362 235'045 1'340 231'495 US Dollar Exchange loss/(gain) 37'581 26'759 36'996 26'355 Translation adjustment - 2'778 125'631 0 0 Other expenditure 257'238 72'726 253'233 71'627 Amortisation 3'734 2'844 3'676 2'802 1'910'669 4'582'830 1'883'655 4'389'895 EXCESS OF INCOME OVER EXPENDITURE (EXPENDITURE -1'827'155 9'160'247 -1'801'442 9'145'662 OVER INCOME) FOR THE YEAR Accumulated income/(loss) at beginning 3’490’678 - 5’669’570 3’425’122 - 5’720’540 ACCUMULATED INCOME/(LOSS) 1’663’523 3’490’678 1’623’680 3’425’122 AT END OF THE PERIOD IGF FINANCIAL REPORT 2017 24 IGF Biennial Report 2017-18

Notes to the financial of the world by organising biennially accounting in preparing the financial statements 2017 and 2016 amateur team championships for statements. In Swiss Francs with the Eisenhower Trophy (for men) convenience translation and the Espirito Santo trophy 2.2 Fixed assets into US Dollar (for women); Fixed assets are stated at acquisition c. to promote golf as an Olympic cost. When assets are retired or sport; and otherwise disposed of, the cost of the d. to act as the International Federation asset and the related accumulated 1. Activity for golf in the Olympic Games and depreciation are removed from thereby to establish and enforce, in the accounts. Any profit or loss on The International Golf Federation accordance with the Olympic spirit, retirement is reflected in the earnings (IGF) is the world-wide Golf sports the rules concerning the playing for the period. organisation, the headquarters of of golf in the Olympic Games and which are located in Lausanne, to fulfil in respect of the sport of 2.3 Depreciation Switzerland. golf the mission and role of an Depreciation is calculated on the International Federation within the basis of the cost of the assets The objectives of International Golf Olympic movement. and on their estimated useful lives Federation are: using the reducing balance 2. Summary of significant method. a. to encourage the international accounting policies development of the sport of golf; 2.4 Deferred income b. to foster friendship and 2.1 Basis of accounting Any funds received for events sportmanship among the peoples IGF uses the accruals basis of to be held in the future, where IGF FINANCIAL REPORT 2017 24 IGF Biennial Report 2017-18

2.5 Accounting for foreign currencies 2017 2016 2017 2016 The functional currency of IGF is CHF CHF USD USD 3. PREPAID EXPENSES the US Dollar. Assets and liabilities AND OTHER CURRENT ASSETS denominated in currencies other Accrued income 11'543 1'505'805 11'266 1'477'526 than US Dollar are recorded based Taxes 44'968 0 43'891 0 on exchange rates ruling at the year- Rio prepaid expenses 0 0 0 0 end. Transactions denominated in Other prepaid expenditures 24'258 20'949 23'677 20'555 80'769 1'526'754 78'835 1'498'081 other than US Dollar are recorded 4. TANGIBLE FIXED ASSETS, at average rates for the year. All NET OF DEPRECIATION exchange losses and realised IT equipment 241 494 236 485 exchange gains are recognised Furnitures and office equipment 2'119 3'139 2'068 3'080 in the statement of income and 2'360 3'632 2'303 3'564 5. INTANGIBLE FIXED ASSETS, expenditure. NET OF DEPRECIATION Software 29'033 0 28'338 0 Financial statements are converted 29'033 0 28'338 0 IGF FINANCIAL REPORT 2017 24 IGF Biennial Report 2017-18

2017 2016 2017 2016 CHF CHF USD USD 6. ACCRUED AND OTHER PAYABLES Social charges 36'488 20'958 35'614 20'564 Interest accrual 0 735'664 0 721'849 Other accruals 0 5'593 0 5'488 Other payables 73'763 865'292 71'997 849'042 110'251 1'627'507 107'610 1'596'943 7. SUBORDINATED LONG-TERM LOANS Europa Tour 0 1'235'197 0 1'212'000 LPGA 0 604'859 0 593'500 PGA of America 0 1'235'197 0 1'212'000 PGA Tour 0 1'235'197 0 1'212'000 R&A 0 1'235'197 0 1'212'000 USGA 0 1'235'197 0 1'212'000 Augusta National Golf Club 0 1'235'197 0 1'212'000 0 8'016'041 0 7'865'500 8. STAFF COSTS Gross salary 792'685 713'102 780'343 702'334 Social charges 139'511 140'073 137'339 137'957 Other staff costs 101'893 88'110 100'307 86'780 1'034'089 941'284 1'017'989 927'071 IGF Biennial Report 2017-18

INTERNATIONAL GOLF FEDERATION Tel +41 216 23 12 12 Avenue de Rhodanie 54 Fax +41 216 01 64 77 1007 Lausanne, Switzerland www.igfgolf.org