The 28th Audit Committee meeting was held via teleconference on February 13, 2014 to review progress to December 31, 2013. The 36th Executive Committee meeting, held via teleconference on February 27, 2014, reviewed the progress of the outcome-based and impact evaluations and finalised the amendment to the Memorandum of Understanding regarding the number of major donors on the Board. Preparations are underway for the upcoming meetings of the Board of Governors which will be held in Vancouver from June 11-13, 2014. I am delighted to welcome Dr. Emma Kruse Va’ai, Deputy Vice Chancellor of the National University of Samoa, as the new Board member representing the Pacific region and Ms. Janet Ecker, President, Toronto Financial Services Alliance, who will continue to serve as the Canadian Board Member.