President’s Quarterly Progress Report: January – March 2013

Abstract

The 29th Audit Committee Meeting was held via teleconference on February 19, 2013 to review the financial statements from July 1-December 31, 2012, critical success factors and risk management as well as three additional papers – ‘Achieving a Balanced Budget Approach’ which included a revised Cash Reserve Policy, ‘Financial Indicators for Monitoring Financial Performance’ and ‘Full-Cost Recovery for Fee-for-service’. The 34th Executive Committee Meeting was held via teleconference on February 27, 2013 to review the positioning of COL post-MDGs as well as to consider a new risk management matrix and action items stemming from previous meetings. Preparations are underway for the upcoming meetings of the Board of Governors which will be held in Vancouver from June 12-14, 2013 – these are the Performance Committee Meeting and Board Orientation on June 12, Audit Committee Meeting and Board Retreat on June 13, followed by the Board Meeting on June 14. A reception to celebrate the 25th Anniversary of COL will be held on June 13. I thank Ms. Jo Bourne, Board Member for the United Kingdom, for her service to COL. Ms. Bourne left the UK Department for International Development (DFID) in January to take up the post of Associate Director & Chief of Education, Education Section at the United Nations Children’s Fund (UNICEF) in New York. The United Kingdom will be nominating a new Board member in her place