Dear Colleagues,

Based on the feedback received during last week’s call, as well as on the robust discussion on the list, we are suggesting a revised approach for the Legal Committee :

- Composition based on previous Legal executive team

- Co-chairs remain budget owners, working with support from the PCST

- Legal committee may direct requests to external firms, on a case by case assessment taking into account costs, skills as well as potential requirement for “independent” advice.

We believe this strikes a good balance between the need to manage costs efficiently and responsibly, and the ability for our group to request independent advice when needed.

Depending on the feedbacks, we will report on our progress to the Board Finance Committee and SO/AC leaders during a call that has been arranged at the BFC’s request on Monday 25 July.

Best regards,

Mathieu Weill

Co-chair