101529
                           COMMITTEE ON GOVERNANCE AND
                    EXECUTIVE DIRECTORS’ ADMINISTRATIVE MATTERS


FROM: The Secretary, Committee on Governance and
           Executive Directors’ Administrative Matters


                      Minutes of the Meeting held on Monday, November 30, 2015
                                    at 2:35 p.m. in the Board Room

Present

Committee
Mr. Almutairi (Alternate)
Mr. Chen
Mr. Garg
Mr. Godts
Mr. Pagano
Ms. Robinson
Mr. Rojas
Mr. Smith (Chair)

Other Executive Directors and Alternates
Messrs./Mmes. Allford, de Villeroché, Foxley, Frieden, Kan, Hasan, Heemskerk, Khosa, Larose,
Lourenco, Lushin, McGuire, Mueller, Santala, Silaban, Silveira, Tchatchouang

Officers and Staff
Messrs./Mmes. Chytla, Mohieldin, Gibbs, Danilova (COGAM Secretary)



Dynamic Formula – Initial Considerations

1.    The Committee discussed the paper Dynamic Formula – Initial Considerations. A report from the
Committee to the Board will be prepared.

Date of Next Meeting

2.        A technical briefing to demonstrate the new formula module is scheduled on December 9.

Adjournment

3.        The meeting was adjourned at 4:50 p.m.
                        The following items have been approved by the
           Committee on Governance and Executive Directors’ Administrative Matters
                               on an Absence of Objection Basis



Minutes of Previous Meetings

1.     The Committee recorded its approval on November 5, 2015 of the Minutes of the meeting held on
October 28, 2015 and the Record of approvals on an Absence of Objection Basis of August 7 through
September 28, 2015 (COGAM/M2015-0009).