Business leaders were also asked about the possible creation and institutionalization of a North American Competitiveness Council. There was unanimous support. Just over two weeks later, U.S. President George W. Bush, Canadian Prime Minister Stephen Harper and former Mexican President Vicente Fox met in Cancún for the second annual summit of the Security and Prosperity Partnership. The leaders were each accompanied by five private sector representatives who pledged their commitment to the SPP process and helped set the agenda for the North American Competitiveness Council (NACC). They decided that the Council would be composed of 30 CEOs, ten from each country, who would meet annually with senior government officials to advise them on corporate priorities for the SPP. The NACC was officially launched on June 15, 2006 at a joint press conference held by Carlos Gutierrez, Mexican Economy Minister Sergio García de Alba and Canadian Industry Minister Maxime Bernier. According to a Council of the Americas report, the purpose of institutionalizing the North American business community's involvement in the SPP process was, "so that the work will continue through changes in administrations." The NACC will make sure that, "governments look to the private sector to tell them what needs to be done." According to a Canadian press release, the NACC "has a mandate to provide governments with recommendations on broad issues such as border facilitation and regulation, as well as the competitiveness of key sectors including automotive, transportation, manufacturing and services." The NACC met again in Washington, D.C., on August 15, 2006. The meeting was chaired by Ron Covais, President of the Americas for Lockheed Martin, and was co-hosted by the U.S. Chamber of Commerce and the Council of the Americas – both U.S. NACC co-secretariats. The U.S. business leaders outlined their key priorities as "standards and regulatory cooperation, border security and infrastructure, supply chain management, energy integration, innovation, and external dimensions", but the NACC as a whole eventually agreed on three overall priorities: border crossing facilitation (to be handled by the Canadian NACC members), regulatory convergence (to be handled by the U.S. NACC) and energy integration, which the Mexican NACC members would handle. The North American Competitiveness Council met with SPP ministers for the first time on February 23, 2007 in Ottawa. At that meeting, the business council released a preliminary report containing over 50 recommendations for continental integration, including a North American resource pact and intensified regulatory convergence between all three countries.