Minutes of the meetings of the Board and its committees have now been circulated and a document on extrabudgetary funding was circulated in July as requested. The Executive Committee will meet by teleconference on 3 October with an agenda that includes, inter alia, the proposed list of COL Honorary Fellows for 2008 and a report on the 2007 Performance Management and Salary Review exercise. The annual audit is underway with the Audit Committee scheduled to meet in November 2007 to approve the audited financial statements for the year ended June 30, 2007